Islamabad: The Pakistan Post has recorded huge growth of 116% in its revenues for the (fiscal year) FY2018-19 as compared to the previous financial year, a news source reported. Deputy Chief Accounts Officer (Revenue) Awais Ahmed recently expressed his views on the matter.
He said that the officials concerned implemented new strategies to address the challenges. As a result of these measures, the postal operator earned a profit of PKR 14.5 billion; making it the most profitable public department of the country for FY2018-19, he added.
He said that despite its limited sources (due to a 10% cut in its budget allocations), the Pakistan Post performed remarkably well; adding that the state enterprise has yet to recover PKR 6 billion which could provide enormous boost to its revenue sums.
According to Ahmed, the government should run Post Office on commercial premises and convert the 13,000 postal counters into franchises to limit the expenses that amount to PKR 22.2 billion at present.
Director Media Pakistan Post Zakir Ullah Khan related that the incumbent government launched revolutionary initiatives in communication and information technologies like Electronic Money Order (EMO), E-Commerce Initiatives, mobile APP and Same Day Delivery services while staying within its limited resources. In lieu of changing communication trends, Pakistan Post is utilising modern communication and information technology tools to boost its revenue.
