MULTAN:Director General Pakistan Post Khalid Javed said on Monday that Pakistan Post entrusted its all saving schemes to Central Directorate of National Saving (CDNS) in line with implementation on Financial Action Task Force (FATF).
Talking to reporter during his visit to a local post office here, the DG Post stated that CDNS would not affect account-holder’s profit. Although, postal department is not a bank but due to its wide network, federal and provincial governments had entrusted a lot of work to it, he remarked. As the postal department was not regulated by State Bank so the accounts were shifted to CDNS, to follow recommendation of FATF.
To a query, the DG stated that the department enjoyed confidence of public. Millions of parcels were delivered swiftly, on daily basis. The complaints rate is less than one percent, he noted.
He also hinted that efforts were underway to upgrade the department further and enhance its income. We are also focusing to reconstruction and repair of dilapidated buildings. He claimed that Pakistan Post was top choice of the people.