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New ICT-based port community system to digitise Pak trade
A digital system is being launched this month to expedite fast-track clearance of cargo ships. This automated system would slash the cost of doing business and duration and allow Pakistan to integrate with any other national, regional and global single window systems related to cross-border trade.
Sep-14-2023
The Ultimate Trade Challenge
Pakistan continues to face challenges in its external account as the PKR to USD exchange rate rises beyond the Rs300 threshold, and the foreign exchange reserves held by the central bank decline. Although policymakers managed to reduce the trade deficit to less than $28 billion in FY2023 from $48.4 billion in FY2022, as noted in the summary published by the Pakistan Bureau of Statistics (PBS), the balance of payment crisis continues to pose challenges to policymakers.
Sep-11-2023
PSW’s e-Lab Management System to Integrate all Govt Labs
The electronic lab management system of the Pakistan Single Window (PSW) will integrate all government laboratories performing various types of tests on import/export goods for electronic processing and issuance of test reports. Sources told Business Recorder that in line with Pakistan’s commitment under the Trade Facilitation Agreement (TFA), phase-one of Pakistan Single Window has been rolled out on June 30, 2022.
Sep-03-2023
PSW Launching Port Community, Airport Community Systems
In an exclusive talk with Business Recorder at the PSW Headquarters, Syed Aftab Haider, Chief Executive Officer of the Pakistan Single Window Company stated that Pakistan Single Window (PSW) will implement two new major systems, i.e., the Port Community System at Karachi, Gwadar, and Port Qasim for speedy clearance of vessels/ port processes and the Airport Community System at all airports to digitally connect all functions/ services at the airports.
Aug-28-2023
FBR Decides to Implement IRMS through PSW
The Federal Board of Revenue (FBR) has decided to implement an Integrated Risk Management System (IRMS) through the Pakistan Single Window (PSW) to ensure trade compliance as well as trade facilitation to reduce the time and cost of doing business. The Federal Board of Revenue issued Pakistan Single Window Integrated Risk Management System Rules, 2023.
Aug-22-2023
All Government Agencies Required to Implement PCA of Imports, Exports
The Federal Board of Revenue (FBR) has made it compulsory for all government agencies integrated with the Pakistan Single Window (PSW) system to implement the Post Clearance Audit (PCA) of imports and exports. Under the new Pakistan Single Window Integrated Risk Management System (IRMS) Rules, 2023, all the government agencies integrated with the PSW system shall put in place a mechanism for PCA of transactions processed through IRMS to ensure compliance with the Customs and other trade-related laws and regulations.
Aug-22-2023
Government Agencies Integrated With PSW Bound to Implement Post Clearance Audit
The Federal Board of Revenue (FBR) has made it mandatory for all government agencies integrated with the Pakistan Single Window (PSW) system to implement Post Clearance Audit (PCA) to ensure compliance with customs and other trade-related laws/regulations. In this regard, the FBR issued Pakistan Single Window Integrated Risk Management System Rules, 2023.
Aug-21-2023
Pakistan Eyes More Seafood Exports To GCC After Digitization Of Marine Trade
With the digitization and improved efficiency of its marine departments, Pakistan is confident of boosting its exports, particularly of seafood, to the Gulf Cooperation Council (GCC). Saudi Arabia and other GCC countries are major recipients of Pakistani fish and fish products and the digitization would further boost exports to these countries, according to Naveed Abbas Memon, the PSW chief domain officer.
Aug-18-2023
PSW Extends Integration of Digital Services
The integration of PSW’s digital services with the Mercantile Marine Department (MMD), the Marine Fisheries Department (MFD), the Ministry of Narcotics Control (MNC), and partially with the Drug Regulatory Authority of Pakistan (DRAP) enables these departments to ensure the swift issuance of certificates, licenses, and permissions to cross-border traders electronically, providing a more comprehensive and inclusive platform for trade facilitation.
Aug-18-2023
Pakistan Single Window Integrates Digital Services With Government Departments
The Pakistan Single Window (PSW) initiative has achieved a significant milestone by seamlessly integrating its digital services with four key government departments as part of its Phase-II rollout. This move is a significant step towards streamlining cross-border trade and facilitating efficient trade-related processes. This transformation facilitates a more comprehensive and inclusive platform for trade facilitation.
Aug-18-2023