News were coming for past few months about the new ventures of Pakistan Post with private companies but now it is official, Pakistan Post is entering in the market with two companies. One is mobile financial company and another is Logistics Company. Aim of these ventures is to make Pakistan Post a profitable entity as it is facing almost financial deficits of four billion per annum. But let’s look into prevailing conditions.
- There are several mobile financial companies i.e. Easy Paisa, UPaisa, UBL Omni, Mobicash and they have captured the entire market. How will Pakistan Post compete with those companies
- Department like Pakistan Post which is unable to computerized its system, will be able to digitalize the financial solutions?
- If employees of Pakistan Post will be able to successfully run this venture? No offense but it will take a lot of time and money to train those employees
- While talking about the Logistics Company, idea is good but same problem of existing competition is here i.e. TCS, OCS. These companies are effectively facilitating the e-commerce market.
Innovation in Pakistan Post is great but ground realities are not supporting Pakistan post and even Pakistan Post will not be able to handle this change.