Pakistan Post aims for Rs14bn revenue by June 30

January 22, 2025 (MLN): To transform Pakistan Post into a world-class courier company, Abdul Aleem Khan, the Federal Minister for Privatization, has tasked the organization with increasing its revenue to Rs14 billion by June 30.

This will enable it to compete with the private sector and contribute to the improvement and survival of this institution by applying professional skills, according to the press release issued.

He expressed these views while chairing a review meeting of Pakistan Post attended by senior officers including the Federal Secretary for Communications and the Director General of Pakistan Post. 

The Federal Minister directed the Director General of Pakistan Post to formulate a new business plan within a week. 

Another meeting will be held to discuss recommendations, ensuring positive activities can be implemented swiftly, he added.

He was informed in the briefing that Pakistan Post has taken steps to increase new business worth Rs1.4bn and implement cost-cutting measures that will save Rs2.4bn in the current fiscal year.

Additionally, the collection of Pakistan Post’s arrears from various departments and renting out post office buildings will also contribute to increased revenues.

He further said that 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 that the Pakistan Post will have to reduce unnecessary expenses along with austerity so that the jobs of the employees in this organization can be saved. 

Abdul Aleem Khan stated that there is no doubt the postal delivery system has become modern.

He emphasized that Pakistan Post must adapt to current requirements and ensure digitalization, as the organization can be made profitable through a strong marketing network.

In this review meeting, it was informed that Pakistan Post has earned 23.5% more revenue this year compared to the last one. 

Pakistan Post is working on a three-point strategy to increase its performance and enhance the business of this organization, reducing costs and improving services are part of the strategy. 

Expressing satisfaction with these steps, Federal Minister Abdul Aleem Khan stressed the need for further increase in them so that Pakistan Post can be improved by moving away from traditional practices.

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