TDAP seeks international capital injection

Trade Development Authority decides to finish 12 export promotion and skill development projects.

KARACHI: The Trade Development Authority of Pakistan (TDAP) has decided to finish 12 export promotion and skill development projects through public-private partnerships.

Expressions of interest for the provision of investment and technological expertise for these projects will be sought from international companies, according to TDAP chief executive officer (CEO) Tariq Iqbal Puri.

These projects had been initiated in March last year and needed an estimated Rs10-12 billion in investment. However, due to the deteriorating economic condition in the wake of the floods, investment had dried up and the TDAP had decided to proceed using public-private partnership mechanism.

Puri told The Express Tribune that the authority had worked admirably despite the decrease in government expenditures on trade promotion in the wake of the floods. He added that the TDAP is facing a shortage of manpower as well as of capital and steps are being taken to mitigate the labour shortage.

Published in The Express Tribune, December 3^rd, 2010.