ISLAMABAD: The Federal Cabinet has approved a sweeping overhaul of entities under the Ministry of Commerce as part of the Phase-II federal rightsizing program. The restructuring aims to enhance efficiency, eliminate redundancy, and align the ministry’s operations with national priorities.
As per the approved plan, the Ministry of Commerce will reduce its workforce by 30%, while the staff-to-officer ratio will be adjusted from the current 5.5:1 to 2.5:1. Vacant posts will also be abolished to reduce unnecessary expenditures. Several entities will be wound up, merged, or restructured to better serve their purpose.
As per the documents, the Textile Commissioner’s Organization (TCO) is among the entities set for closure, following recommendations from the ministry. Similarly, the Garment City Companies will be privatized or handed over to provinces through public-private partnerships (PPP). The Export Development Fund (EDF) will be retained only if a review confirms its efficiency and measurable impact on export growth.
Entities like the Trade Development Authority of Pakistan (TDAP) will shift focus to trade negotiations and access, while eliminating public funding for sponsorships. The National Tariff Commission (NTC) will operate as a lean, digitalized body with an estimated 30% workforce reduction. Pakistan Expo Centers will develop a self-sufficiency roadmap, potentially incorporating PPPs for improved management.
The Trading Corporation of Pakistan (TCP) will undergo a strategic review to ensure efficient procurement and distribution of key commodities like wheat and fertilizer. The Intellectual Property Organization (IPO) will be streamlined, with a 40% reduction in staff, and its operations fully digitalized. The Trade Dispute Resolution Organization (TDRO) has been given an additional year to demonstrate effectiveness before its future is decided.
Privatization plans are also in place for entities like the State Life Insurance Corporation (SLIC), Pakistan Reinsurance Company Ltd (PRCL), and the National Insurance Company Ltd (NICL). These measures are expected to generate revenue while reducing the government’s operational burden.
The Ministry of Commerce has been directed to submit implementation plans by January 20, 2025. Third-party reviews and audits will be conducted to ensure accountability and transparency throughout the process.
