Pakistan Post becomes most profitable public entity of year

Author: inp

Due to its revolutionary steps, the Pakistan Post has become the most profitable public department of the year by increasing 116 percent revenue as compare to the fiscal year (FY) 2017-18.

Deputy Chief Account Officer Revenue, Awais Ahmed said that to meet the challenges of the new era has been taken new steps and earned about 14.5 billion rupees this year, which was the highest profitability in all public departments.

However, he said six billion rupees, a disputed amount with different department was yet to be recovered from years and if the matter resolved in favor of Post Office then huge amount would be added in the revenue.

He said despite 10 percent cut in the budget of the Pakistan Post with limited resources, Pakistan Post’s performance was remarkable.

Awais said Pakistan Post being a public service organisation had to provide its outlets in rural areas and even at those places where only two to three parcels were received.

He said the government should run the Post Office on commercial basis and convert its 13000 postal counters into franchises to reduce the expenditure of 22.2 billion rupees and increase the revenue of Pakistan Post, adding the number of General Post Offices should be kept at 84.

But being a labour intensive department, the government had to induct employees in this organisation on regular bases, he added.

He said Post Office was paying to pensioners from its own resources so our expenditures were high. So the department could only increase its profits if its financial resources were increased and it was given new delivery vehicles.

Zakir Ullah Khan, Director Media ,Pakistan Post informed that the incumbent government with limited sources introduced revolutionary initiatives in communication and information technologies likewise Electronic Money Order (EMO), mobile APP, E-Commerce Initiatives, and Same Day Delivery services.

In line with the changing communications market, Pakistan Post was emphasising on the use of new communication and information technologies to increase its revenue.

The Spokesperson of Pakistan Post said the department was committed to make secure and timely delivery of mail, money and material at the doorsteps of the customers at affordable cost.

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