Articles

Pakistan has the potential to be at the center stage of regional trade, thanks not only to the billion-dollar China-Pakistan Economic Corridor (CPEC) project – but also due to an increased focus on improving connectivity with the landlocked countries of Central Asia, including Afghanistan, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan.

International Customs Day, celebrated annually on January 26th, provides an opportunity to recognize the critical role that customs administrations play in facilitating international trade and safeguarding global supply chains.

In a significant development aimed at strengthening Pakistan’s export sector, Pakistan Single Window (PSW) and the Export Development Fund (EDF) have entered into a strategic collaboration to enhance support services for exporters across the country including waiver of PSW’s fee on export declarations. This partnership is in line with the Government of Pakistan’s commitment under the Strategic Trade Policy Framework (STPF) 2020-25, which not only emphasized on complete allocation of Export Development Surcharge receipts to the Fund but creation of complete loop starting from identification of the contributor to its involvement in need assessment, identification of representative bodies, feedback and impact assessment mechanism ultimately resulting in export development.