Chinese firm to invest $20m in taxi, cargo services in Pakistan

                                                                                                         source: www.timesaco.com

By Nasir Aijaz
AsiaN Correspondent

Islamabad: A Chinese firm is working on comprehensive business plan to provide five important services in Pakistan, initially investing $20 million, with prospects of $600m in the future.

Chinese company Time-saco intends to provide a rapid services platform to citizens by launching five special services including a taxi service, heavy cargo delivery, orders’ delivery, moving automated teller machines (ATM) and vehicle advertisement facilities, Chief Operating Officer, Time saco, Donald Li said.

Initially these instant services will be launched in the six major cities – Karachi, Lahore, Faisalabad, Islamabad, Rawalpindi and Peshawar – and will be extended to other urban centers.

Time-saco had already held its pre-launch event in Islamabad a week ago introducing instant taxi, delivery and Cargo services.