Pakistan postal service faces crisis, urgent plan needed

News Image

MG News | October 30, 2024 at 01:11 PM GMT+05:00

October 30, 2024 (MLN): Federal Minister for Communications, Privatization & Board of Investment Abdul Aleem Khan has expressed great concern regarding the present status of Pakistan Postal Service and given different tasks to ensure its sustainability.

While presiding over meeting of Focal Group for Communications Abdul Aleem Khan stated that current performance of Pakistan Postal Service note matching with the requirements while financial discipline is very poor.

He asked Federal Secretary Communications to make a comprehensive plan in this regard in one week and put-up report in the next meeting.

Federal Minister Abdul Aleem Khan further said that for the survival of the Department we will have to work on war footing basis to establish emergency financial plan.

He said that in order to increase the revenue of the Pakistan Postal Service, NADRA and Passport Counters should be established in all GPOs and post offices across the country while all such measures should be taken to improve the financial position of the Institution.

Abdul Aleem Khan said that at least this department should come out of deficit and bear its own expenses.

In the high-level meeting, Federal Minister Abdul Aleem Khan said that the old system of post offices around the globe has changed, so we also have to work according to the new requirements and the way of self-reliance by reducing unnecessary expenses by the Government institutions.

He said that spending billions of rupees from the Government funds every year is no kind of achievement.

Abdul Aleem Khan said that if the institution of Pakistan Postal Service is to be saved, then the officers and staff will have to work hard and avoid laziness.

Similarly, if the income is low, it cannot last long so the Pakistan Postal Service also has to generate its own resources instead of relying on treasury funds for which all options including renting out its buildings across the country should be considered.

Expressing concern over the current situation, he directed to prepare a coherent policy as a road map for Pakistan Post and asked for a detailed report.

Federal Minister of Communications Abdul Aleem Khan further said that the task of finalizing concrete proposals to increase revenue along with eliminating vacant posts in this institution should be completed as soon as possible.

He said that the institution must achieve financial targets in any case for which various issues were considered in the meeting and senior officers briefed the Federal Minister.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,610.00 77,935.00
76,105.00
1835.00
2.42%
BRENT CRUDE 97.47 100.73
96.90
-6.07
-5.86%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 90.98 93.90
90.32
-5.62
-5.82%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD


May 25, 2026 at 04:18 PM GMT+05:00

FPRM acquires 60% stake in AML/CFT Screening Solution



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg