X

TCP meaning in Business ?

( 5 )  .  1 Rating
1805 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Trading Corporation of Pakistan mean?

The Trading Corporation of Pakistan (TCP) (Urdu: مشارکتِ پاکستان برائے امورِ تجارت‎) 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, Islamabad, Lahore and Multan.

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. 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 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 Islamabad report directly to the Chairman TCP. In all, the corporation employs 632 members, according to the official website of TCP, including 478 staffers. In 2016, The Express Tribune, 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.

reference
Full Form Category
Tropical Cyclone Program Academic & Science
Theodore C. Petersen manuscript collection Academic & Science
Trichlorophenol Academic & Science
Taba Airport Code
Tropical Canine Pancytopenia Animal Kingdom
Tamaraw Conservation Program Associations & Organizations
Telesp Celular Participacoes Business
The Children's Place Business
Texas Central Partners Business
Trading Corporation of Pakistan Business
Trident Performance Corporation Business
Tri Cresyl Phosphate Chemistry
Teacher Community Platform Community
Traditional Classroom Program Community
Terminal Connection Point Computer and Networking
Tape Carrier Package Computer Hardware
Terminal Control Program Computing
Type Constrained Programming Computing
Trusted Computer Platform Computing
Trusted Computing Platform Computing
Test Coordination Procedure Computing
Termination Connection Point Computing
Tunnel Control Protocol Computing
Tivoli Certified Professional Computing
Turnover Commissioning Package Computing
The Crypto Prophecies Cryptocurrency
Token CashPay Cryptocurrency
Transformer-coupled Plasma Electronics
Time Controlled Parameter Electronics
Tool Center Point Electronics
The Counseling Psychologist General
Tropical Cyclone Programme General
The Crowd Pleasers General
Telephone Communication Power General
Torch Center Point General
Transition Capital Partners General
Top Can Pressure General
Temperature Compensated Accelerator Pump General
Torque Charger General
Traffic Control Plan General
Techron Concentrate Plus General
Technology Cycle Plan General
Transport en Commun de Personne General
The Car People General
Temporary Car Park General
Trailering Camera Package General
Telematics Controlled Parking General
Team Celerio Philippines General
Terrano Club Paraguay General
Team Ciaz Philippines General
Touring Car Premium General
Total Control Products General
Town and City Parking General
Transfer Case Peripheral General
Transmission Control Protocal General
Transmission Control Protocoltcp General
Tasty Corn Pan General
Transmission Control Prototcol General
Toronto Centre For Phenogenomics General
Transmissoin Control Protocol General
Teamcenter Project General
Toxics Cleanup Program General
Tuning Control Panel General
Temporal Chaos Project General
Technical Consumer Products General
Transport Control Protocol General
Text Creation Partnership General
tal Concealment Pistol General
Transfer Control Protocol General
The Capital Partnership General
Transportation Control Plan Governmental
The Common People Governmental
Transformational Care Planning Governmental
Target Critical Point Governmental
Transportation Charter Permit Governmental
Tampa Communist Party Governmental
Transportation Charter Party Governmental
Transmission Control Protocol Information Technology
Time Charter Party Internet
Terran Confederation Pilot Jobs
Tablet, Coated Particles Medical
Trivalent Chromium Pretreatment Medical
Tumor Control Probability Medical
thalamocortical projection Medical
Therapeutic Class Profile Medical
ThromboCytoPenia Medical
Total Circulating Protein Medical
Total Commissioning Pilot Medical
Total Commissioning Project Medical
tricalcium phosphate Medical
Tropical Calcific Pancreatitis Medical
Transcutaneous Cardiac Pacing Medical
Totally Controllable Pixies Messaging
Tactical Computer Processor Military and Defence
Terminal Control Protocol Military and Defence
Tactical Control Processor Military and Defence
Traffic Control Point Military and Defence
Theater Campaign Plan Military and Defence
Tranmission Control Protocol Networking
Topologically Close-packed Physics Related
Taba, Egypt Regional
Togoland Congress Party Regional
Tri Cities Prep Regional
Task Control Packet Space Science
Test Checkout Procedure Space Science
Test Control Package Space Science
Thrust Chamber Pressure Space Science
Telephone Connecting Program Telecommunication

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Business
MBA HRM Mcqs in Business
MBA Finance Mcqs in Business
Startup Funding
Career Switching
Accounting in Business
Miscellaneous in Business

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X




Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join