Pakistan Post aims for Rs14b revenue

Aleem Khan directs DG of courier service to present new business plan

Listen to article

ISLAMABAD:

Federal Minister for Communications, Privatisation & Board of Investment Abdul Aleem Khan has tasked the Pakistan Post with increasing its revenue to Rs14 billion by June 30.

Chairing a review meeting, Aleem Khan directed changing the framework of Pakistan Post to establish a world-class courier company that can compete with the private sector and contribute to the institution's sustainability through professional management. He noted that the organisation has made positive progress in recent months under an improved business model, but reiterated that significant room for improvement remains.

Khan stressed the need for Pakistan Post to reduce unnecessary expenses along with adopting austerity measures to protect employee jobs. He highlighted that while the postal delivery system has modernised, Pakistan Post must adapt to current requirements and ensure digitalisation. He added that a strong marketing network is essential for making the organisation profitable.

The minister instructed the director general of Pakistan Post to present a new business plan within a week, along with actionable recommendations, to expedite reforms.

During the meeting, it was revealed that Pakistan Post's revenue has increased by 23.5% compared to last year. Efforts to secure Rs1.4 billion in new business, cost-cutting measures projected to save Rs2.4 billion, arrear collections, and renting out post office buildings are underway to boost revenue.

Pakistan Post's three-point strategy focuses on performance improvement, cost reduction, and enhanced services.