Federal Minister for Communications, Privatization and Board of Investment Abdul Aleem Khan on Tuesday assigned the task of increasing Pakistan Post’s revenue to Rs14 billion by June 30.
Similarly, he has directed to change the framework of Pakistan Post and establish a world-class Courier Company there which can compete with the private sector and contribute to the improvement and survival of this institution by applying professional skills.
He expressed these views while chairing a review meeting of Pakistan Post which was attended by senior officers including the Federal Secretary for Communications and the Director General of Pakistan Post.
The Minister said this organization has made positive progress in the last few months with an improved business model in which there is a large scope for further betterment.
He said Pakistan Post will have to reduce unnecessary expenses along with austerity so that the jobs of the employees in this organization can be saved.
The Minister said there is no doubt that the postal delivery system has become modern so Pakistan Post will have to adapt current requirements and ensure digitalization as through strong marketing network this organization can be made profitable.
He directed the Director General of Pakistan Post to formulate a new business plan within a week and hold another meeting with recommendations so that positive activities can be taken forward quickly.
The review meeting was informed that Pakistan Post has earned 23.5 percent more revenue this year compared to last one. It was told that Pakistan Post has taken steps to increase new business worth Rs1.4 billion and cost-cutting measures will save Rs2.4 billion in the current fiscal year, while the collection of Pakistan Post’s arrears from various departments and renting out post office buildings will also increase revenues.
Expressing satisfaction with these steps, the Minister stressed the need for further increase in them so that Pakistan Post can be improved by moving away from traditional practices.