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May 22, 2019

TDAP termed ineffective to promote trade, business

Peshawar

 
May 22, 2019

Khyber Pakhtunkhwa government’s Business Advisory Committee chairman and former vice-president Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Muhammad Riaz Khattak said on Tuesday the Trade Development Authority of Pakistan (TDAP) adversely affected the trade and business community.

He alleged that chief executive of TDAP remained involved in bribing the chambers and trade association that made a negative impact on the cause of the business community and its struggle for the promotion of trade and industry.

Speaking to the office-bearers of the Mohmand and Haripur chambers, he said the TDAP has lost its relevance because of the country’s declining export base.

He added no effort has been made to make the TDAP a corruption-free and business-friendly entity.

Riaz Khattak said that the objective of the establishment of TDAP in 2006 was to raise exports and it has turned into an event management company instead of an export promotion organisation.

He alleged the authority failed to deliver as per its mandate mainly because of the alleged corruption, wrong priorities and changing export patterns over the years.

“The uneven allocation of the development budget for external and internal markets has created a vested interest for employees of the authority,” he said.

He said that the TDAP has more than 1,000 employees. Only 50 of them are directly involved in holding exhibitions abroad, adding that 90 percent of the development budget was spent through only 5 percent of employees.

Riaz Khattak also sought audit of TDAP from 2013 to 2018, saying that spending millions of rupees on foreign visits have not promoted exports.

He said the focus should be on the domestic market and its supply chain as that the TDAP did not pay attention to the supply side and domestic commerce.

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