Rs342.947bn TCP dues: NA to summon Finance Secretary, SBP governor

Business Recorder reported that a National Assembly committee on commerce has resolved to call in the Finance Secretary and the State Bank governor, because the Rs342.947 billion owed to the Trading Corporation of Pakistan (TCP) remains unresolved. The sum as of July 31, 2026 includes Rs265.719 billion in accumulated markup. The request for the summons came from Commerce Secretary Jawad Paul and TCP Chairman Rafeo Bashir Shah, who wanted the panel's backing on the long-running problem.

Official documents show that recipient agencies had outstanding balances totalling Rs342.947 billion at the end of July. The largest share, Rs121.138 billion, is owed by USC, followed by Rs76.331 billion from NFML. The Finance Ministry had earlier suggested auditing TCP's bank loans, but TCP later settled the matter with the ministry without any audit.

The SBP contends that carrying out the committee's directives falls outside its role, and that from a banking angle the case may be closed. TCP counters that, despite repeated requests and references to those directives, receivables from concerned departments have not meaningfully moved toward reconciliation. The committee is set to press the SBP governor on why the central bank did not help ease the markup load or hold it steady.