Minister for Postal Services Moulana Ameer Zaman apprised the Senate that Pakistan Post Office Department suffered Rs 16.795 billion in loss during the last two years.
Responding to a question during a Question Hour, the Minister said that the Pakistan Post Office suffered Rs. 7.488 billion and Rs. 9.306 billion losses during fiscal year 2015-16 and 2016-17 respectively.
He said that to foster further development and diversification of postal services as well as to cater the varied needs of the customers, especially trade and commerce, Pakistan Post was offering a full range of Traditional and Expresss services.
Pakistan Post is the national logistics company and holds unmatched logistics network across every city, town and village in the whole country. It is astounding how a company with such a vast coverage area and millions of potential customers fails to capitalise on such an opportunity. Even now, Pakistan Post is used all across the country.
The company is also set to rebrand itself and modernize its services which is to be expected considering the e-commerce boost in Pakistan.