ISLAMABAD: Pakistan Post has earned commission amounting to Rs806.8 million during the period July to March 2013-14 by collecting an amount of Rs161,365.865 million through national savings schemes.
According to Economic Survey 2013-14, Pakistan Post has been doing Saving Bank work as an agency function on behalf of the Ministry of Finance under the Government Savings Bank Act 1873 on commission basis.
Pakistan Post Savings Bank offers the largest network of savings bank services across the country. It is popular both in urban and rural areas, but its operations in rural areas of the country are wide spread. In most of the remote areas, it is the only banking service available. Through its extensive network of post offices, Pakistan Post Saving Bank offers a number of very attractive saving bank schemes.
Pakistan Post also received the foreign remittances amounting to US $ 64.9 million dollars equivalent to Rs7,451.4 million during the first nine months July-March 2013-14 of current fiscal year 2013-14.
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