Misuse of public funds not allowed: Aleem Khan

Islamabad:Federal Minister for Communications Abdul Aleem Khan has expressed dissatisfaction over the performance of the Postal Life Insurance Company (PLIC), says a press release.

Chairing a high-level review meeting he has called for a comprehensive business plan to enhance the institution’s income and credibility. In his remarks, Federal Minister stated that it is unaffordable for any organisation to have higher expenditures than income which is the existing position of PLIC. He emphasised that corruption and incompetency must be eliminated in public sector organisations.

He directed that PLIC must promptly arrange for the payment of outstanding claims and present a reformed Road-Map to overcome its shortcomings. Highlighting the need for structural changes, Abdul Aleem Khan underscored that reforms in the administrative framework of the Postal Life Insurance Company are essential to meet modern-day challenges. He stressed that Government funds will not be allowed to go to waste under any circumstances.

While reviewing the company’s performance, Federal Minister for Communications Abdul Aleem Khan further stated that instead of relying on Government grants, public sector organizations should focus on enhancing their own resources and revenue. He urged officials to change their approach by adapting to contemporary demands and work diligently to boost internal resources. He added that for PLIC to achieve real progress it must compete with private sector entities and ensure greater profitability with minimal human resources.