Agency Name: | Ministry of Commerce |
Jurisdiction: | Government of Pakistan |
Headquarters: | Block - A, Pak Secretariat, Red Zone, Islamabad |
Coordinates: | 33.7371°N 73.0934°W |
Minister1 Name: | Jam Kamal Khan |
Chief1 Position: | Commerce Secretary of Pakistan |
The Ministry of Commerce (Urdu: {{nq|وزارت تجارت); abbreviated as MoCom), is a Cabinet-level ministry of the Government of Pakistan concerned with economic growth and commerce development and promotion in Pakistan. The administrative head of the ministry is the Commerce Secretary of Pakistan, presently Muhammad Sualeh Ahmad Faruqi. The political head, Minister of Commerce, is required to be the member of Parliament.[1]
See main article: State Life Insurance Corporation of Pakistan. State Life Insurance Corporation of Pakistan in the state owned life insurance company. It was formed in 1972 when life insurance business in Pakistan was nationalized and 32 life insurance companies were merged and consolidated.[2]
See main article: Trading Corporation of Pakistan. Trading Corporation of Pakistan (TCP) is the principal trading arm of the Government of Pakistan. Established as an international trading house in 1967, the corporation has gradually moved from barter, through commodity exchange to cash trade. TCP undertakes import of essential commodities to help ensure their availability to the common man at affordable prices.[3]
See main article: Trade Development Authority of Pakistan. The Trade Development Authority of Pakistan (TDAP) was established in 2006. TDAP is the successor organization to the Export Promotion Bureau (EPB) and is mandated to have a holistic view of global trade development rather than only the ‘export promotion’ perspective of its predecessor. It is designated as the premier trade organization of the country.[4]
The National Tariff Commission (Urdu: {{nq|قومی ماموریہ برائے درآمدی محصول, abbreviated at NTC) advises the Government of Pakistan on tariff measures or other form of assistance to provide protection to indigenous industry and promoting exports. Measures to counter dumping and other unfair measures adopted in respect of import and sale of foreign goods in Pakistan.[5] [6]
Pakistan Institute of Trade and Development, formerly Foreign Trade Institute of Pakistan (FTIP) was created in 1989 to provide specialized trainings to officers of Commerce and Trade Group.
In 2009 the institute was restructured and it now acts as policy Think Tank also and training center on International trade.[7]
See main article: Pakistan Tobacco Board. Pakistan Tobacco Board (PTB) is a statutory semi-autonomous department of Government of Pakistan under Ministry of Commerce. Pakistan Tobacco Board oversees the promotion of the cultivation, manufacture and export of tobacco and tobacco products in Pakistan.[8]
Pakistan Reinsurance Company Limited (PRCL) is a public sector company under the administrative control of the Ministry of Commerce is the sole reinsurance organization operating in Pakistan..Formerly called the Pakistan Insurance Corporation, Pakistan Reinsurance Company Limited was established in 1952.[9]
National Insurance Company Limited (NICL) was established in 1976 to provide insurance cover to the Government/Semi Government organizations.National Insurance Company Limited is 100% owned by Government of Pakistan and working under the administrative control of federal ministry of commerce.[10]
See main article: Pakistan Horticulture Development and Export Company. Pakistan Horticulture Development & Export Board (PHDEC), an autonomous body under the administrative control of the Ministry of Commerce has been mandated with the development of the horticulture industry of Pakistan with a focus on exports. Its functions include the provision of improved marketing infrastructure like the establishment of agro-processing zones, cold chain system, processing plants for value-added products. The implementation arrangements are preferably under the public-private partnership (PPP) modality with a clear exit strategy. PHDEC envisions the vitalization of a dynamic and market-driven horticulture sector, which is resilient, sustainable and responsive to meet the challenges of globalization[11] [12]
Directorate General of Trade Organisations is working as an attached department of Ministry of Commerce. It was established in 2007. The core function of this Directorate is to process the applications for grant of licenses and registration of trade bodies. It also oversees the elections and results of Office Bearers and executive committee members of trade bodies and ensures that Trade Organizations Act and Rules made there-under are being followed.[13] [14]
See main article: Pakistan Institute of Fashion and Design. The Pakistan Institute of Fashion and Design, commonly referred to as PIFD, (formerly known as Pakistan School of Fashion Design) is a design institute specialising in design education. It offers a four-year course of study leading to a bachelor's degree.[15]
Name of Commerce Minister | Entered Office | Left |
---|---|---|
Faisal Saleh Hayat | December 2, 1988 | August 6, 1990 |
Assef Ahmad Ali | November 6, 1990 | July 18, 1993 |
Ahmad Mukhtar | October 19, 1993 | November 5, 1996 |
February 17, 1997 | October 12, 1999 | |
Humayun Akhtar Khan | November 23, 2002 | November 15, 2007 |
March 31, 2008 | May 12, 2008 | |
November 3, 2008 | March 16, 2013 | |
Khurram Dastgir Khan | January 7, 2014 | July 28, 2017 |
Muhammad Pervaiz Malik | August 4, 2017 | 31 May 2018 |
Mian Misbah-ur-Rehman (Caretaker Capacity) | June 27. 2018 | 18 August, 2018 |
Abdul Razak Dawood as Advisor with status of federal minister | 20 August 2018 | 10 April 2022 |
Naveed Qamar | 19 April 2022 | 10 August 2023 |
Gohar Ejaz (caretaker capacity) | 17 August 2023 | |