Pakistan Post Reports Unprecedented Increase in Revenues in FY 2018-19

According to the one-year performance report by the PTI government, the Ministry of Postal Services reported an estimated 70% increase in its revenue to Rs. 18.05 billion in 2018-19 as compared with Rs. 10.8 billion in 2017-18.

The Ministry of Postal Services stood out among the government departments and ministries with revenue amounting to Rs 7.25 billion (70% increase) and Rs 1 billion in saving from existing resources during the first year of government.

Pakistan Post introduced different features to enhance its services such as Electronic Money Order (EMO) Home Delivery, E-Commerce and “Track & Trace Facility”, partnered with National Database Registration Authority and opened 41 postal rent houses.

Launched in November 2018, EMO delivered at the doorsteps through 83 GPOs (general post offices) totaling Rs. 133 million via tha EMS-PLUS Service.

The ministry also launched a specialized competitive service for delivery of parcels and packets at 150 overseas destinations in 72 hours and earned Rs 6 million, which was expected to increase up to Rs. 50 million till the end of the fiscal year 2018-19.

It also launched a web portal in February 2019 to capitalize on the fast-growing e-commerce sector which will be used to register partners. The portal offers partnership for delivery, collection and return services, counter booking and co-branding in selling products. So far 1321 partners have been registered with 150,000 packets delivered. The total revenue earned from the portal was Rs. 10 million.

The ministry also opened 610 institutional franchise post offices with prospects of employment of youth at 15,000 outlets. PPOD partnered with NADRA to offer postal and financial services through 15,000 NADRA outlets.

According to the report, the ministry launched FRI with National Bank for payment of remittances from overseas Pakistanis through Post Offices free of service charges. This step will help in discouraging the illegal channels of Hawala and Hundi. Initially, this service has been launched in 256 post offices and will be expanded to more than 3,000 locations by the end of this year.