Due to the suspension of its operations during Covid-19, Pakistan Post suffered a major financial loss. Pakistan Post’s operations have been suspended between America, Europe, including Britain, and other countries due to the termination of the foreign operations of Pakistan Post and Pension.
The institution has experienced a 10 percent loss in annual earnings under the Savings Scheme and the deficit has risen to Rs 60 billion.
Pakistan Post’s revenue for the five-month fiscal year 2020-2021 was Rs 3.7 billion, compared to Rs 4.2 billion last year. The international mailing services of Pakistan Post have been suspended due to Coronavirus and the lack of international flights due to the stoppage of mailing services between America, Britain, Europe and many other nations. Pakistan Post’s profits have also suffered as a result of domestic activities such as pensions, utility bills and savings schemes being terminated. For the current fiscal year, Pakistan Post has experienced a 10 percent decline in earnings.
