Pakistan Post to introduce ATM, biometrics for pensioners

03:00 PM | 2 Mar, 2016
Pakistan Post to introduce ATM, biometrics for pensioners
ISLAMABAD - In a bid to facilitate old-age pensioners and Benazir Income Support  (BISP) beneficiaries, Pakistan Post Office is going to introduce ATM and biometrics system in the country.

The initiative is being started as part of Pakistan Post innovative measures. The BISP beneficiaries and pensioners have to wait in long queues to get their money where sometimes greedy people look for a chance to deceive poor women and aged people in guise of help, official sources said on Wednesday.

"Pakistan Post realizing the situation, is to embark on a reform agenda which would not only help the poor and aged to receive their money at their door step but would generate handsome money for the department", he added.

The sources said in the first phase, Pakistan Post would launch biometrics system in the country and would give money to such people at their homes after thumb verification.

The sources added:"the posts agent would reach their homes and would provide the BISP and pension money after verification through biometrics system". Similarly, the sources said in second phase, the department would launch ATM network through one link with which pension and money order could be received without any troubles.

The launch of these services would also ensure transparency in the department system.

Moreover, the sources said Pakistan Post was also in negotiations with Western Union for receiving foreign remittances. The move would help to improve financial health of the organisation. After connecting with IFS, Pakistan would become connected with worldwide postal services.

"The organisation is also planning to launch online parcel, cash and delivery system under the e-commerce format. Domestic courier market is around Rs 30 billion, e-commerce market is around Rs 2-3 billion, which is expected to reach Rs 60 billion in 2017 and post's share in courier market is Rs 450 million".

A logistics company is going to be established with an investment of around Rs.800 million in the areas including GPS enabled trucking fleet, Ware houses, distribution channels (upgrade post offices, HR training) and information technology (data centre, back-end systems, retail management etc) brand recognition. "Pakistan Post expects to double its revenue in coming years", he said.

Source: APP


Pakistani rupee inches up against US dollar, Euro, Pound and other currencies - Check forex rates here

Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today's currency exchange rates in Pakistan – 2 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45  77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold registers big fall in Pakistan; check today gold rates in Pakatan - 2 December 2023

The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.

Gold Rates in Pakistan Today - 2 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.

Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.

Globally, gold prices hover at around $2072, gaining $32 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,300 PKR 2,705
Karachi PKR 217,300 PKR 2,705
Islamabad PKR 217,300 PKR 2,705
Peshawar PKR 217,300 PKR 2,705
Quetta PKR 217,300 PKR 2,705
Sialkot PKR 217,300 PKR 2,705
Attock PKR 217,300 PKR 2,705
Gujranwala PKR 217,300 PKR 2,705
Jehlum PKR 217,300 PKR 2,705
Multan PKR 217,300 PKR 2,705
Bahawalpur PKR 217,300 PKR 2,705
Gujrat PKR 217,300 PKR 2,705
Nawabshah PKR 217,300 PKR 2,705
Chakwal PKR 217,300 PKR 2,705
Hyderabad PKR 217,300 PKR 2,705
Nowshehra PKR 217,300 PKR 2,705
Sargodha PKR 217,300 PKR 2,705
Faisalabad PKR 217,300 PKR 2,705
Mirpur PKR 217,300 PKR 2,705


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