ISLAMABAD - The Pakistan Post made Rs4.6 billion business transactions on daily basis in term of receipt and issuance transactions.

The Ministry of Postal Services, while briefing the National Assembly Standing Committee on Postal Services on its performance discussed financial challenges it is facing. Officials said out of total budget around 80 percent was allocated for the pensioners and salaries of the employees and only 20 percent budget was on the ministry’s disposal. The representatives stressed the need of more money and said that the current budget was not enough to meet the operational challenges. They said that the ministry has valued properties in most of the cities but unfortunately they do not have resources to get benefit of it.

The Committee recommended that the ministry should establish institutions like colleges, hospitals through public-private partnership so that revenue could be generated from these assets. The committee further recommended that the ministry may take effective measures to improve its infrastructure and also ensure quality services in order to compete with private courier companies.

The representatives informed about the upcoming projects of Pakistan Post and said the reform-agenda includes Mobile Money Solution (MMS), PP Logistic Company, re-branding of Pakistan Post, initiatives through the public-private partnership and many other reforms as well.

Through MMS, sending and receiving money would be made possible, while through PP Logistic Company, people could send courier having a weight up to 50 kg at cheaper rates. The committee decided to invite the representatives of the Finance and Planning Division in the next meeting in order to brief the committee on the issue.