Pakistan Post has announced key steps to bring in strategic reforms within the organization. In this regards, the management has set up a simple agenda of ending the organizational losses by enhancing cooperation with private sector entities.
80 percent budget of Pakistan Post is used for the salaries and the pensions of its employees, which is the major cause of the losses faced by this organization. The Prime Minister has approved three suggestions to make the improvements in the Pakistan Post.
According to those, Pakistan Post will expand the coverage of its funds transferring service called Electronic Money Order (EMO), which was launched in 2012 and allows the people to easily transfer the money to their loved ones. The coverage of this project will be extended to up to 12,000 post offices and this service will now directly compete with Easypaisa, which is currently the largest branchless banking service provider in Pakistan.
As per the second suggestion, a new trading project will be started by establishing the Logistic Courier Service. And according to the third suggestion approved by the PM, the countrywide post offices will be given a new look to attract more and more customers to the services offered by the post office.
While talking to Dunya News, Director General (DG) Pakistan Post Fakir Syed Shaharyaruddin has said that the annual loss of the organization has risen by 6 billion rupees. Talks are under place with private companies to change the look of 12,000 nationwide post offices.