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Today's Paper | November 21, 2024

Updated 30 Oct, 2024 10:53am

Privatisation minister urges fiscal discipline to rescue ailing postal service

ISLAMABAD: Expressing deep concern over the financial mismanagement of Pakistan Post, Privatisation Minister Abdul Aleem Khan has urged the department’s management to abolish all vacant positions, cut unnecessary expenses and increase revenue to ensure the institution’s survival.

“Day and night efforts are needed to prevent the collapse of Pakistan Post,” Mr Khan said while chairing a meeting of the ‘Focal Group of Communications’ in Islamabad on Tuesday.

He directed the postal service’s management to develop an emergency financial plan to stabilise the department.

The minister highlighted the government’s intention to make state institutions self-sufficient by reducing excess expenditure, stressing that entities with costs exceeding their income are bound to fail.

Mr Khan called on Pakistan Post officers to adopt a proactive approach to save the department. “The traditional era has ended.”

The department must now operate in line with modern-day requirements,“ he said, adding that a comprehensive strategy is essential for reforming Pakistan Post. He emphasised that state institutions should generate their own resources rather than relying on government funding.

As part of the effort to increase revenue, Mr Khan recommended that Pakistan Post set up Nadra and passport counters in general post offices (GPOs) and other locations across the country.

The minister also instructed senior officials to present a detailed report to the Secretary of Communications outlining targets and the measures to achieve them.

Published in Dawn, October 30th, 2024

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