Pakistan Post shuts 289 loss-making offices

RAWALPINDI:

The Pakistan Post has successfully increased its revenue by over 30% in the first five months of the current fiscal year (FY25) compared to the corresponding period last year.

The department implemented cost-cutting measures, eliminating 4,410 vacant positions and shutting down 289 loss-making post offices. These steps contributed to a significant reduction in losses and an increase in savings.

The Director General of Pakistan Post, Samiullah Khan has set revenue targets for all circle officers, with special monitoring in place to ensure achievement.

As a result, revenue from July to November 2023 increased from Rs7.1 billion last year to over Rs9.25b this year. Key contributors included mail operation services, which recorded a 32% increase to Rs5.92b, and various agency-provided services, which rose by 68% to Rs2.6b. However, declines were reported in some areas, such as money transfers and collections from international postal services.

On the other hand, the Pakistan Post maintained a significant role in utility bill collection. Last year, the public submitted 23.3 million utility bills through the Pakistan Post in the first five months, a number that has now exceeded 25 million, primarily driven by electricity and gas consumers. In contrast, there was a notable decline in telephone and WASA bill submissions.

Currently, the Pakistan Post operates 89 CNIC issuance and renewal counters across the country, with 67 located in the General Post Offices (GPOs) and 22 in sub-post offices.