Files with .PST extension represent Outlook Personal Storage Files (also called Personal Storage Table) that store variety of user information. User information is stored in folders of different types that include emails, calendar items, notes, contacts, and several other file formats. PST files are used for archiving emailing data offline that can be later loaded and viewed in various applications.
TIF or TIFF, Tagged Image File Format, represents raster images that are meant for usage on a variety of devices that comply with this file format standard. It is capable of describing bilevel, grayscale, palette-color and full-color image data in several color spaces. It supports lossy as well as lossless compression schemes to choose between space and time for applications using the format.
You can also convert PST into many other file formats. Please see the complete list below.