MABAD Taking notice of the Trade Development Authority of Pakistan (TDAP), the Public Accounts Committee (PAC) on Tuesday asked the Authority to deposit Rs664 million earned through the sale of textile quota in the national exchequer.
Reviewing the audit report of the Ministry of Trade and Commerce for the audit year 2008-09, the PAC meeting chaired by acting Chairman Riaz Pirzada, was held in the Parliament House. The PAC also discussed in length 600 acres of land of Trading Corporation of Pakistan and asked the ministry concerned for filing a petition in the court. The meeting also asked to give report with in a month. Earlier, the meeting was informed that Trade Development Authority of Pakistan deposited Rs664.4m in the banks earned through the sale of Textile quota in 2007 for the sake of profit earning.
The ministry was asked to take necessary steps on immediately basis for bringing back the money in the national kitty. While, the issue was pointed on the occasion that the ministry concerned had not administrative control over TDAP. The PAC asked the secretary to fix the responsibility and present its report within two weeks. Speaking on the occasion, Secretary Trade and Commerce said that the ministry also issued instructions to TDAP for the recovery of the money but no action was taken on its instruction. He further told the meeting that the ministry did not have the administrative control over TDAP.