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Home Breaking News

SHC issues stay order against demotion of 39 TCP officials

bySohail Rab
26/07/2014
in Breaking News, Karachi, Latest News
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KARACHI: The Sindh High Court (SHC) has issued stay order against the demotion of 10 officers and 29 employees of Trading Corporation of Pakistan (TCP) here on the other day.
The TCP sources informed Customs Today that those 39 TCP’s officials were demoted by the illegally formed TCP board of directors.
The sources further said that the Sindh High Court (SHC) in its verdict also mentioned that the formation of the board of directors was illegal and a violation of the Corporate Governance Rules, 2013. The SHC has adjourned the hearing of the case till August 20, 2014.

Tags: 2013Chief Collector Enforcement SouthChief Collector-Appraisement (South)Collectorate of AppraisementCollectorate of Appraisement-EastCollectorate of PreventiveCommerce MinistryCorporate Governance RulesCustomCustoms Clearing AgentsCustoms dutyCustoms I&ICustoms Intelligence and InvestigationCustoms TariffCustoms TribunaldemotionFBRFBR ChairmanFinance Ministryfreight forwardersMember CustomsMember LegalNisar MuhammadPakistan Custom’sPorts and Shippingpost clearance auditSHCSindh High CourtTariq BajwaTCPTCP board of directorsTrading Corporation of Pakistan

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