ISLAMABAD: Pakistan Post, the country’s primary and largest public sector postal operator, is set to undergo a major overhaul to boost revenue and modernise services through a new business model.

Minister for Privatisation Abdul Aleem Khan, who also holds the communication portfolio, chaired a meeting on Saturday to review the performance of Pakistan Post and take new measures on an emergency basis to improve the performance of the state enterprise.

Director General of Pakistan Post Samiullah Khan has been tasked with increasing the organisation’s revenue earnings by Rs2.5 billion within the next six months.

Furthermore, the meting decided to finalise a proposal for commercial renting of Pakistan Post’s buildings across the country. It was proposed that the unused buildings should be given on commercial rent to multinational companies in three phases.

It was suggested that under the first phase, 50 buildings should be rented out, followed by 100 in the second phase and 200 buildings in the third phase. The commercial use of general post offices and their buildings has also been proposed.

Mr Khan said the current deficit of an institution like Pakistan Post is not affordable as no organisation can function with low level of income and high expenses.

Pakistan Post will have to come up with a new business model on modern lines by increasing revenue, he added.

Published in Dawn, September 8th, 2024