NA body ex­presses dis­plea­sure over TCP’s fail­ure to achieve tar­gets

Pakistan Observer - - ECONOMY WATCH - COM­MERCE RE­PORTER

KARACHI— The Stand­ing Com­mit­tee on Com­merce, Fri­day, ex­pressed strong dis­plea­sure over the poor per­for­mance of Trad­ing Cor­po­ra­tion of Pak­istan ( TCP) as it failed to achieve the tar­gets set by the gov­ern­ment. Com­mit­tee me here with Si­raj Muham­mad Khan, MNA in the chair and rec­om­mended that TCP may take strin­gent mea­sures to in­crease the im­port of crops of Pak­istan.

The Com­mit­tee fur­ther rec­om­mended that M/ o Com­merce may pro­vide sub­sidy to farm­ers by of­fer­ing var­i­ous in­cen­tives like sub­sidy in elec­tric­ity bill and Urea / DAP etc. so that they could work more ef­fec­tively. The NA panel was also dis­pleased to know that ex­port of Pak­istani crops were de­creased 14% this year due to mis­man­age­ment and lack of co­or­di­na­tion be­tween the con­cerned de­part­ments.

KARACHI: The Board of Man­age­ment of PSO re­viewed the per­for­mance of the Com­pany for nine months Fi­nan­cial Year 2016. Mu­sadik Ma­lik pre­sid­ing over the meet­ing at PSO House Karachi. PSO re­ported a profit af­ter Tax of Rs4.6b for 9MFY15 as op­posed to Rs3.2b for 9MFY15.

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