Sen­a­tor terms TDAP as non-func­tional

The Pak Banker - - FRONT PAGE -

PPP Sen­a­tor Saleem Mand­vi­walla has said that Trade De­vel­op­ment Au­thor­ity of Pak­istan (TDAP) has be­come a non-func­tional, failed and use­less body and bur­den on ex­che­quer, which should be closed at ear­li­est.

Sen­a­tor Mand­vi­walla who is also Board Mem­ber of TDAP has crit­i­cized the per­for­mance of a na­tional body which has failed to rec­om­mend a na­tional pol­icy for max­i­miz­ing ex­ports of goods and ser­vices from Pak­istan to the TDAP Board.

In a state­ment is­sued from his of­fice, Sen­a­tor Mand­vi­walla said that "He has been dis­ap­pointed by the affairs of TDAP and is con­sid­er­ing re­sign­ing from the of­fice as the trade de­vel­op­ment body had failed to de­velop a con­sis­tent, sus­tain­able and re­sult ori­ented, holis­tic ex­port de­vel­op­ment plan".

TDAP has failed to achieve syn­ergy in de­vel­op­ment of ex­ports at a na­tional level by forg­ing ef­fec­tive li­ai­son with pri­vate and pub­lic stake­hold­ers, he added.

Sen­a­tor Mand­vi­walla re­vealed that Chair­man TDAP and its whole team could not en­cour­age and pro­mote re­search in trade and pol­icy re­lated stud­ies that may fa­cil­i­tate in for­mu­lat­ing an ef­fec­tive ex­port pol­icy and plans.

In the last three years TDDAP has done noth­ing to in­crease the ex­ports from Pak­istan, the whole body is look­ing at the Min­istry of Com­merce and Fi­nance to help them, he said.

He dubbed this a wor­ri­some sit­u­a­tion as in fis­cal year 2015; ex­ports were down about 4.8pc to $23.9bn from $25.11bn in 2014. The $27bn tar­get set for FY15 was missed by a wide 10pc mar­gin.

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