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Event Title :
Senate Standing Committee on Communications in its meeting on Thursday was briefed about the budget details of Postal Services
Published Date :
Sep 7,2017

Senate Standing Committee on Communications in its meeting on Thursday was briefed about the budget details of Postal Services for the years 2016-17 and 2017-18 and was told that required budget for 2016-17 was 20 billion, approved budget was 16 billion while the expenditure amounted to 20 billion. For financial year 2017-18 required budget was stated to be 23 billion while approved budget by Finance Division was 17 billion. The meeting was told that additional expenditures are managed by supplementary grants.

The meeting was held under the chairmanship of Senator Daud Khan Achakzai here at the Parliament House and was attended among others by Senators Nighat Mirza, Sajjad Hussain Turi and Kamil Ali Agha.

DG Postal Services told the committee that 79.45%  of the budget goes to pays, pensions and PM Assistance Package which leaves only 17.32% for operating expenses, 1.05% for physical assets, 0.11% for civil works and 1.24% for repair and maintenance. She told the committee that almost all rest of government departments get their pensions through AGPR while Postal Services has to do this from its own budget which makes it impossible to spend money on other important facilities of the department. The Committee favored the suggestion that federal government may start paying pensions of retired Postal Services employees. The Committee also recommended the suggestion of enhancing Postal tariff in light of growing inflation and printing costs.

The meeting was also given detailed briefing on three new initiatives under the banner of reforming the work and scope of Postal Services which included mobile money transfer solutions, Pakistan Post Logistics Company and re-branding of Pakistan Post. The Committee appreciated the work of Postal Services in the area of Financial Inclusion; a facility used aggressively worldwide. The Committee also asked for expediting the progress on the said facilities while making the process transparent and ensuring that the Human Resource of Postal Services is given training on the new mechanisms.

Regarding computerization of records in GPOs, the committee was told that online systems are now available at 23 GPOs and it will be available in 12 more GPOs by the end of this month. The Postal Services intends to complete the process of computerization of records in GPOs by December this year and then the same mechanism for 3200 POs will be initiated. The committee members expressed their concerns regarding the delay and inability to simultaneously computerize the records across the country.

The Committee was also told that amendments in the Government Savings Banks Act, 1873 regarding nominee in case of death of investor in National Saving Schemes have been suggested to the Finance Division and after approval, they will be put in place.

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