Pakistan Post is making headlines everywhere in Pakistan for becoming the most profitable public department of the year. It has successfully raised its revenue by 116% for the fiscal year 2017-2018.
The Deputy Chief Account Officer Revenue made the good announcement today saying that Pakistan Post has taken many different and new steps to reach this point. They made it possible for the department to raise its profits to up to Rs 14.5 billion just this year. This is the highest profits amongst any other government departments in the country.
He also disclosed that at least Rs. 6 billion is yet to be recovered by the department. If the said issue is turned around in the favor of the Pak Post, a huge amount will be added to the revenue of the department.
If we look at the recent past, the performance of Pakistan Post has been very good despite a 10% cut in the budget. In order to make it go beyond this, Pakistan Post will now aim to establish new outlets in rural areas where only a few parcels are received on a daily basis.