Chinese to Acquire Pakistan Post through hostile takeover

After failing to acquire TCS , Chinese firm is interested in Acquiring State Owned Pakistan Post by investing $1 billion under its reform agenda to become a profitable entity. Pakistan Post has embarked on a comprehensive reform agenda to become profitable. These reforms include: (i) Establishment of Mobile Money Transfer Solution (ii) Pakistan Post Logistics Company and (iii) Re-Branding of Pakistan Post. Briefing the Senate Standing committee on Communications, Director General Pakistan Post said that a Chinese Company has shown interest to invest $1 billion in the logistic project, besides connecting it with China Pakistan Economic Corridor (CPEC). However, it will be carried out through Public Private Partnership and open...

Read more »