{"id":53443,"date":"2019-07-10T19:09:29","date_gmt":"2019-07-10T14:09:29","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53443"},"modified":"2019-07-10T19:09:29","modified_gmt":"2019-07-10T14:09:29","slug":"pakistan-post-sees-record-revenue-growth-of-116-in-fy2018-19","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-post-sees-record-revenue-growth-of-116-in-fy2018-19.html","title":{"rendered":"Pakistan Post sees record revenue growth of 116% in FY2018-19"},"content":{"rendered":"<p>Islamabad: The Pakistan Post has recorded huge growth of 116% in its revenues for the (fiscal year) FY2018-19 as compared to the previous financial year, a news source reported. Deputy Chief Accounts Officer (Revenue) Awais Ahmed recently expressed his views on the matter.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-po-opens-rest-houses-tourists.html\">Pakistan Post opens its rest houses for tourists<\/a><\/p>\n<p>He said that the officials concerned implemented new strategies to address the challenges. As a result of these measures, the postal operator earned a profit of PKR 14.5 billion; making it the most profitable public department of the country for FY2018-19, he added.<\/p>\n<p>He said that despite its limited sources (due to a 10% cut in its budget allocations), the Pakistan Post performed remarkably well; adding that the state enterprise has yet to recover PKR 6 billion which could provide enormous boost to its revenue sums.<\/p>\n<p>According to Ahmed, the government should run Post Office on commercial premises and convert the 13,000 postal counters into franchises to limit the expenses that amount to PKR 22.2 billion at present.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-post-acquires-land-for-international-mail-office-in-gwadar.html\">Pakistan Post acquires land for international mail office in Gwadar<\/a><\/p>\n<p>Director Media Pakistan Post Zakir Ullah Khan related that the incumbent government launched revolutionary initiatives in communication and information technologies like Electronic Money Order (EMO), E-Commerce Initiatives, mobile APP and Same Day Delivery services while staying within its limited resources. In lieu of changing communication trends, Pakistan Post is utilising modern communication and information technology tools to boost its revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan Post has recorded huge growth of 116% in its revenues for the (fiscal year) FY2018-19 as compared to the previous financial year, a news source reported. Deputy Chief Accounts Officer (Revenue) Awais Ahmed recently expressed his views on the matter. Read: Pakistan Post opens its rest houses for tourists He said that the officials concerned implemented new strategies to address the challenges. As a result of these measures, the postal operator earned a profit of PKR 14.5 billion; making it the most profitable public department of the country for FY2018-19, he added. He said that despite its limited sources (due to a 10% cut in its budget allocations), the Pakistan Post performed remarkably well; adding that the state enterprise has yet to recover PKR 6 billion which could provide enormous boost to its revenue sums. According to Ahmed, the government should run Post Office on commercial premises and convert the 13,000 postal counters into franchises to limit the expenses that amount to PKR 22.2 billion at present. Read: Pakistan Post acquires land for international mail office in Gwadar Director Media Pakistan Post Zakir Ullah Khan related that the incumbent government launched revolutionary initiatives in communication and information&hellip;<\/p>\n","protected":false},"author":67,"featured_media":40288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12192],"persona":[],"class_list":{"0":"post-53443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pakistan-post-sees-record-revenue-growth-of-116-in-fy2018-19"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan Post sees record revenue growth of 116% in FY2018-19 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Pakistan Post has recorded huge growth of 116% in its revenues for the (fiscal year) FY2018-19 as compared to the previous financial year,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-post-sees-record-revenue-growth-of-116-in-fy2018-19.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan Post sees record revenue growth of 116% in FY2018-19 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Pakistan Post has recorded huge growth of 116% in its revenues for the (fiscal year) FY2018-19 as compared to the previous financial year,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-post-sees-record-revenue-growth-of-116-in-fy2018-19.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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