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Finance Financial resources play very crucial role for the
successful operation of an organization like NTL. NTL's
authorized capital is Rs.100.00 million and paid up capital of
Rs.50.00 million. At the start as NTL dealt primarily with
Commodity Aid goods it was in a position to import goods in
large volume without involving its own finance. Over the recent
years NTL has been importing large volume of goods on its own
which involves considerable foreign exchange. This certainly
has put much pressure on its own financial resources. As NTL
has had to undertake heavy imports it had to take resources to
bank borrowing on several occasions.
In the light of the growing need for developmental goods in
the country, NTL as the leading public sector entity has its
regular responsibilities regarding import and steady supply of
these developmental goods. However, because of NTL’s financial
constraints these responsibilities are not easy to carry out
smoothly. Management of NTL has adopted different strategy to
strengthen the financial position and meet its requirements. |
