Pakistan Post in the red as losses hit Rs12bn
MG News | October 20, 2026 at 04:15 PM GMT+05:00
October 20, 2026 (MLN): Pakistan Post is facing an annual loss
of around Rs12bn, which could climb to Rs18-19bn if pension expenses are
included, with the government preparing a policy to cut the department’s costs
that could involve reducing its workforce or privatising the service.
Federal Minister for Communications
Abdul Aleem Khan told the Senate on Tuesday, in reply to a question by Senator
Shahadat Awan, that a detailed plan would be presented to the House later, APP
reported.
He said Pakistan Post operates 9,707
units across the country, comprising 2,887 departmental post offices, 6,735
extra-departmental offices and 85 formations.
A province-wise breakdown listed a
staff strength of 15,051, while the minister said the department currently has
around 22,000 employees.
Aleem Khan said staff expenses account
for a large share of the department’s costs. He added that recruitment and
staffing follow provincial quotas, with shares distributed among the provinces
according to the prescribed criteria.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,151.64 144.46M | -0.49% -814.44 |
| ALLSHR | 100,160.64 444.98M | -0.49% -488.40 |
| KSE30 | 48,839.53 59.90M | -0.74% -364.21 |
| KMI30 | 237,910.57 79.44M | -0.58% -1377.34 |
| KMIALLSHR | 65,000.12 239.08M | -0.50% -328.80 |
| BKTi | 45,593.95 6.87M | -0.33% -150.73 |
| OGTi | 33,310.97 3.20M | -0.61% -205.95 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 81,500.00 | 82,290.00 81,135.00 | -330.00 -0.40% |
| BRENT CRUDE | 111.50 | 111.75 109.00 | 1.95 1.78% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -1.05 -0.81% |
| ROTTERDAM COAL MONTHLY | 147.10 | 147.10 147.10 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 100.79 | 100.93 98.04 | 2.25 2.28% |
| SUGAR #11 WORLD | 20.63 | 20.75 20.43 | 0.06 0.29% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Repatriation of Profit and Dividend