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02nd February, 2026

Annual Performance Compact (APC 2026) Signing between the Ministry of Finance and State-Owned Enterprises


Through the signing of the Annual Performance Compact (APC) for the financial year 2026 this evening between the Hon'ble Lyonpo, Ministry of Finance, and the Board Chairman, FCBL has set an overall financial revenue target of Nu. 4.67 billion, with an operational efficiency of 98.2%. These targets are aligned with the 10X Economic Vision and FCBL’s five-year business strategy. The performance indicators primarily comprise the maintenance of strategic food reserves to respond to national emergencies, stabilization of market prices for food and essential commodities, facilitation of agricultural exports, and the supply of essential food commodities to national institutions, through which FCBL will work towards achieving the set targets. The Hon'ble Lyonpo emphasized that the targets must be outcome-based and set against aggressive deadlines. He further highlighted the need for the Board of Directors to focus on efficiency gains and expense reduction, the reporting must be automatic with predictive results, and ensure that Business as Usual (BAU) is not overlooked.