Most profitable public department: Pakistan Post increases revenue by 116%
Taking some revolutionary steps, Pakistan Post was the most profitable public department this year by increasing 116 percent revenue.
- Pakistan Post was the most profitable public department this year.
- Despite budgetary cuts, the revenue increased by 116%.
- The department earned about Rs 14.5 billion this year, which was the highest profitability in all public departments.
With significant changes and redirecting the department, Pakistan Post became the most profitable public department this year. It increased 116 percent revenue as compared to the Fiscal Year (FY) 2017/18.
Deputy Chief Account Officer Revenue, Awais Ahmed while talking to APP said that under Minister Murad Saeed, Pakistan Post’s revenues increased from Rs.8 billion to Rs.14 billion in the span of a year. This was the profitability in all public departments.
Awais Ahmed added that despite 10 percent cut in the budget of the Pakistan Post and with limited resources at hand, Pakistan Post’s performance was truly remarkable.
As per the statement that was issued earlier by Federal Minister for Communications and Postal Services Murad Saeed, the state enterprise increased Rs.60 million in revenue. Additionally, he was hopeful that other public sectors will gain profit instead of loss under the government of PM Imran Khan as well.
“I feel happy to see that Pakistan Post an important department of the country is flourishing” – said the minister.
With the introduction of an exclusive application, Post introduced track and trace parcel service, tracking app, 72-hour export parcel service, and home pick up in a bid to revolutionalize the department.
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