Business & Finance / Pakistan

PM Shehbaz approves TDAP restructuring, capping the trade body at eight core functions

Shehbaz Sharif approved a restructuring of the Trade Development Authority of Pakistan on 6 November, with an eight-function mandate, a private audit and a mid-2027 deadline.

Reporting snapshot · 6 November 2026. The government approved the restructuring of the Trade Development Authority of Pakistan on Friday, but published no legal instrument, no budget and no list of the eight retained functions. The 12-month implementation timetable runs to the middle of next year, so the structure on paper is likely to change again before the deadline arrives.

A large red container ship berthed at a Karachi dock with tall loading gantries along the quay, small boats moored at the pier and hazy grey water in the foreground.
ARCHIVAL CONTEXT A container ship berthed at the Karachi dock on 24 July 2008. The file is contextual imagery of the port that handles the bulk of Pakistan's seaborne trade; it does not depict the 6 November 2026 decision or any official named here. Photo: Shayanshaukat, via Wikimedia Commons, CC BY-SA 3.0. Resized from 3,264 × 2,448 pixels to 1,600 × 1,200; no other changes made.

What was approved

Prime Minister Shehbaz Sharif on Friday approved the modernisation of the Trade Development Authority of Pakistan, the federal body that promotes Pakistani exports, instructing it to be rebuilt around a smaller set of functions and to work more directly with exporters and small firms. The decision came at a high-level meeting chaired by the prime minister in Islamabad, the Prime Minister’s Office said, according to the Express Tribune.

The stated purpose is to raise exports by widening access to global markets for domestically manufactured goods and by aligning local industry, including small and medium enterprises, with export standards. The prime minister’s office quoted Shehbaz as saying that “access of industrially manufactured products to global markets is of key importance for increasing exports”, and that a complete ecosystem for agricultural exports, covering the entire value chain, would be built. Radio Pakistan carried the same statement on Friday afternoon, describing the decision as one taken at a meeting in Islamabad that day.

The Associated Press of Pakistan reported that officials briefed the prime minister on the authority’s existing setup and its key challenges, and that a comparative analysis of effective international trade promotion organisations was presented as the benchmark for the reform.

Eight functions and a private audit

The substance of the reform package is a set of structural changes rather than a new target. According to the Express Tribune and APP, the proposals include streamlining the authority’s mandate to eight core functions, restructuring its board and management, making its regional network effective, adopting digital platforms and artificial intelligence, and introducing measurable performance indicators alongside independent third-party evaluations.

Three elements carry more weight than the rest. The first is the private audit: Shehbaz directed that the services of a reputable private audit firm be engaged to conduct the authority’s performance and financial audits, and that promotion within the institution be linked to the achievement of targets rather than to seniority. The second is the eight-function ceiling, which caps how much of the mandate survives the review. The third is the deadline: a phased 12-month implementation roadmap covering approval, design, execution and independent assessment was put to the prime minister, who directed that the reforms be completed and fully operational by the middle of next year.

The meeting was attended by federal ministers Rana Tanveer Hussain, Jam Kamal Khan, Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Shaza Fatima Khawaja and Musadik Malik, along with Coordinator to the Prime Minister Haroon Akhtar and Minister of State Bilal Azhar Kayani, APP said.

The trade backdrop

The decision lands in a week when Pakistan’s own trade data made the gap harder to ignore. The Pakistan Bureau of Statistics published its October foreign trade summary on Friday, the same day as the TDAP decision. Exports in the first four months of the fiscal year, July to October, stood at $11.336 billion, up 8.52 per cent on the same period last year, while imports rose 12.59 per cent to $25.964 billion. The trade deficit widened 15.97 per cent to $14.628 billion, and the bureau noted that data from the FBR’s Islamabad office for October was still awaited and that export and import figures for the export processing zones were not yet included.

Monthly figures showed the same divergence. October exports of $2.929 billion were 2.84 per cent higher than a year earlier and almost unchanged from September, while October imports of $6.806 billion were 11.81 per cent higher year on year. The October trade deficit widened 19.7 per cent year on year to $3.877 billion, against $3.515 billion in September. APP reported the Bureau’s release, though its write-up gave a prior-year July to October export figure of $6.64 billion, which does not reconcile with the Bureau’s own $10.446 billion for that period and with the 8.52 per cent growth it reported; the Bureau’s spreadsheet is the source used here.

That is the context in which a trade promotion body is being rebuilt around performance measurement. A body whose results are audited by an outside firm, with measurable indicators and independent evaluation, is being given a narrower mandate at the moment when the gap it exists to close is widening. KhabarWire reported earlier on the first-quarter trade deficit of $10.8 billion, and the October data extend that trend. Provinces are separately setting their own export targets, with Punjab’s PIVOT plan setting a $6.8 billion export goal.

What is still uncertain

The government has not published the decisions that will make the reform concrete. Which eight functions TDAP will retain, who will appoint the private audit firm, what happens to the board and management being restructured, and what the reform will cost were all left unanswered by Friday’s statement. The 12-month clock also leaves the timetable open: approval of the design is only the first phase, and the remaining three phases, including the independent assessment, fall in the year ahead.

Nor has the government tied the restructure to a measurable export commitment. The statement set no export target, no headcount and no budget, and said nothing about the institutional relationship between TDAP and the ministry that supervises it. For exporters, the practical test will be whether a slimmer, audited authority with a private-sector performance regime actually reaches the small firms the prime minister’s office named as a priority, or whether the eight functions simply shrink the body’s reach. The same-day trade figures suggest the pressure on that question will be measured quarterly, in public, by the Bureau of Statistics.

The Saudi Arabia agricultural exports partnership that Pakistan and Riyadh are pursuing, and the value-chain work the prime minister ordered for agricultural exports, both depend on institutions that can connect producers to buyers. Friday’s decision restructures the body meant to do that job. Whether it improves the result is a question the October trade data will keep asking.