The Trading Corporation of Pakistan (TCP) ( ur, ) is a Pakistani state-owned commodity trading company, mainly responsible for export and import of commodities. It also issues tenders for export and import of agricultural products. TCP has its offices across various cities of the country including

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital ...

Lahore Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city ...

and

Multan Multan (; ) is a city in Punjab, Pakistan, on the bank of the Chenab River. Multan is Pakistan's seventh largest city as per the 2017 census, and the major cultural, religious and economic centre of southern Punjab. Multan is one of the old ...

. Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan. The Corporation has gone through substantial change over the years in its role from barter to commodity exchange arrangement and to trade in line with free market economy approach adopted by the

Government of Pakistan The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the four provinces, two autonomous territorie ...

. TCP's current role of import of essential commodities is for improving supplies to ensure availability of commodities to consumers at affordable prices and market intervention for ensuring fair price to farmers. TCP is one of Pakistan's most evident profit making public enterprise. Beginning rather modestly with a trade worth around Rs115.763 million in FY 1967–8, TCP registered a turnover of Rs45.16bn and booked after–tax profits worth Rs1.63bn in FY 2009–10. During the period of July 2013 – May 2017, the Trading Corporation of Pakistan emerged as one of the most transparent organisation in the country's public sector with a record amount of Rs7.109bn saved and recovered in the FY 2014–15. The total amount saved by TCP through its commodity financing operations in this near four-year time period was Rs7.8bn. A senior civil servant is appointed by the

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...

as Chairman of the Trading Corporation. Five directors are appointed for the oversight of finance, planning and procurement, sales and stores, port operations and logistics functions; each of whom reports directly to the Chairman. Besides these, general managers of internal audit, legal, general administration and human resources as well as the general manager of the regional office in

report directly to the Chairman TCP. In all, the corporation employs 632 members, according to the official website o
TCP
including 478 staffers. In 2016,

The Express Tribune ''The Express Tribune'' is a daily English language, English-language newspaper based in Pakistan. It is the flagship publication of the ''Daily Express (Urdu newspaper), Daily Express'' media group. It is Pakistan's only internationally affiliat ...

, a major daily English-language newspaper based in Pakistan, reported that the Trading Corporation is one of the highest paid government departments in the country.

References

{{Reflist Foreign trade of Pakistan Companies based in Karachi 1967 establishments in Pakistan Trading companies Government-owned companies of Pakistan Ministry of Commerce (Pakistan)

See also

References