Trade contract dispute: SHC orders PTA to pay Rs17.9 million to TCP

In the contract dispute between the Trading Corporation of Pakistan (TCP) and the Punjab Trading Agency (PTA), the Sindh High Court (SHC) ordered the latter party to pay an amount of Rs17.9 million for its negligence in saving national assets.
According to the 24News HD TV channel, the Court accepted the appeal of the TCP saying the PTA ignored the terms of the contract and failed to present concrete evidence in its favour.
The Sindh High Court said that due to the negligence of both parties, the national assets were damaged and PTA continued to put its responsibility on the TCP.
The SHC said that it is the responsibility of TCP to protect the assets of this country while during the period of five years, PTA was only doing paperwork.
The court directed the officials that TCP should take care of the country's resources in the future and computerize all the stocks.
According to the case, TCP had claimed to recover an amount of Rs17.9 million from PTA as there was an agreement between both parties to keep 523,000 metric tons of rice in Landhi godown. Later, the TCP claimed that rice worth more than Rs17.9 million metric tons was missing in the godown.
After hearing the arguments, the court annulled the decision of a one-member bench in the civil suit and ordered PTA to pay an amount of Rs17.9 million to TCP.

Reporter: Mumtaz Jamali