‘Pakistan Post faced Rs.61 billion loss in the last 10 years’

According to Senator Mian Ateeq the committee’s chairman,  the situation of Pakistan Post and Pakistan International Airlines (PIA) is very similar.

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On Friday, a parliamentary panel was told that the official postal service of Pakistan, the Pakistan Post has faced a loss of Rs.61 billion in the last 10 years.

Presenting statistics with regard to the performance of the organization, the Ministry of Postal Services told the Senate Standing Committee on Postal Services that it faced a loss of Rs140 million in the year 2008-2009 and this loss swelled to Rs10 billion in 2018-2019.

According to Senator Mian Ateeq the committee’s chairman,  the situation of Pakistan Post and Pakistan International Airlines (PIA) is very similar.

The committee was angered by the absence of both the Minister of Postal Services Murad Saeed as well as the Postal Service secretary. An announcement was made by them to take this matter up with Senate Chairman Sadiq Sanjrani.

The ministry said that the contributor to widening the gap between expenditure and revenue increases in pay, allowance and pension benefits. According to them in October 2010, the Finance Division had decreased the rate of post office commission in Savings Bank Scheme from 1.56 percent to 0.50 percent, which reduced the receipts of the department.

The addition of operating expenditure against income was recommended by Mian Ateeq. The committee recommended Pakistan Post to focus on figures while reviewing recruitment discrepancies during previous regimes.

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