Pakistan Post faces Rs12b annual loss

ISLAMABAD:

Minister for Communications Aleem Khan told the Senate on Tuesday that Pakistan Post was facing an annual loss of around Rs12 billion, which could rise to Rs18 billion to Rs19 billion if pension expenses were included.

He said that the government was preparing a policy to reduce the department's costs. Options under consideration included reducing its workforce or privatising the service, and a detailed plan would be presented to the House later, he said.

Khan said Pakistan Post had 9,707 units across the country, including 2,887 departmental post offices and 6,735 extra-departmental offices.