F.P. Report
ISLAMABAD: Minister for Communication and Postal Services Murad Saeed Monday said Post Office had started a service to let expatriates send remittances to their families in Pakistan free of cost.
Speaking at an event here, he said Post Office had signed an agreement with National Bank for free of cost delivery of remittances from abroad. The minister said the Post Office had 673 franchises and its network would be expanded to 27000 branches.
The service for sending of remittances through Post Office would help in ending transfer of money through hawala and hundi, he added.
Murad said foreign remittances by the overseas Pakistanis had increased during the tenure of the present government.
He appealed to overseas Pakistanis to play their role in development of Pakistan and send money through legal channels.
900 persons had signed up with Post Office to get logistics services for their businesses, he said adding the number of small businesses linked to Post Office would be increased to 10000.
“We will talk to Commerce Ministry and issue a subsidy card on export of products. Through subsidy cards, cheap logistics will be provided and in collaboration with Overseas Ministry, Post Office will also provide marketing and advertising services to exporters and small businesses.”
The subsidy cards by Post Offices will help increase exports, encourage young businessmen and boost economy, he noted.
He said Made in Pakistan products would be promoted, adding Post Office delivered 76,000 parcels on basis of cash and delivery.
He said Postal department had initiated services of e-commerce and electronic money order with facility to send Rs 50000 with fee of Rs 500. The private companies are charging Rs 2500 for the same amount.
He said the Prime Minister was determined to provide more facilities to overseas Pakistanis.
