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FBR assessment reveals 90% of dollars in Pakistan being hoarded
About 90% of the dollars are being hoarded in Pakistan while currency smuggling has just a 10% share, revealed a member of the Federal Board of Revenue (FBR) while talking about the assessment carried out by the board. Mukarram Jah Ansari — who is an FBR member — said that the customs department has increased vigilance at the entry and exit points of the country including airports to prevent currency smuggling. However, as per the assessment, there is only 10% smuggling, while 90% is hoarding of dollars in the country.
Jan-09-2023
90pc greenback being hoarded in country: FBR member
Member Federal Board of Revenue (FBR) Mukarram Jah Ansari says the government is making efforts for signing the Electronic Data Integration (EDI) agreements with different Central Asian Republics (CARs), Russia and the United Arab Emirates (UAE) in order to curtail mis-invoicing and under-invoicing. He dwelt upon various issues for bringing reforms into customs for improving the overall performance of the tax collection agency.
Jan-09-2023
Cross-border trade rules
The Customs Department has notified rules for evidence of identity for the electronic verification process for all kinds of cross-border trade transactions. According to the rules all persons wishing to conduct a cross-border trade transaction whether imports, exports, or transit must provide evidence of identity by undergoing an electronic verification process by subscription to the PSW system to prove their credentials. The subscription to the PSW system will be done through an online process.
Dec-30-2022
FBR notifies PSW Evidence of Identity Rules, 2022
FBR has directed all persons engaged in cross-border trade transactions to provide evidence of identity by undergoing an electronic verification process through the Pakistan Single Window (PSW) system. All persons wishing to conduct a cross-border trade transaction whether imports, exports, or transit (applicant) must provide evidence of identity by undergoing an electronic verification process by subscription to the PSW system to prove their credentials.
Dec-31-2022
Persons Engaged in Cross-Border Trade Transactions to Undergo Electronic Verification Process
The Federal Board of Revenue (FBR) has directed all persons engaged in cross-border trade transactions to provide evidence of identity by undergoing an electronic verification process through the Pakistan Single Window (PSW) system. In this regard, the FBR Friday issued an SRO.2296(i)/022 to notify Pakistan Single Window Evidence of Identity (E01) Rules, 2022. The new procedure shall supersede all previous instructions and orders pertaining to PSW subscription as notified by the lead Agency (FBR) or any other entity.
Dec-30-2022
PSW has conducted Khadijah – The Women Entrepreneurship program to mentor business women – Hum News
PSW has conducted ‘Khadijah’ – The Women Entrepreneurship Program to motivate women towards start-ups and ventures that contribute to cross-border trade by streamlining their current development to be a part of the global supply chain.
Dec-19-2023
PSW has lined up Khadijah – The Women Entrepreneurship Program – K21 News
Pakistan Single Window has lined up Khadijah – The Women Entrepreneurship Program to provide women entrepreneurs and traders with the practical knowledge, necessary tools, skills, and framework towards becoming effective leaders in the domain of international trade.
Dec-19-2023
PSW has launched “Khadijah – The Women Entrepreneurship Program” in Karachi – KTN News.
The Pakistan Single Window (PSW) has launched “Khadijah – The Women Entrepreneurship Program” in Karachi. The program has targeted training and a comprehensive awareness strategy. The aim is to transfer knowledge and information to women entrepreneurs and equip them with the requisite know-how, skills, and expertise, which enables them to upscale their existing businesses for an export market and sustain and grow them over time.
Dec-19-2023
PSW has conducted Khadijah – The Women Entrepreneurship program to mentor business women – GN News.
PSW is facilitating women entrepreneurs and traders to network, gain mentors and receive advice on their ideas, products, and trade to make their way into global markets. In this regard, Pakistan Single Window (PSW) has launched “Khadijah – The Women Entrepreneurship Program” in Karachi.
Dec-19-2022
Trade-Related Information Gathered Through PSW will be Confidential
The FBR issued the Pakistan Single Window Trade Data Dissemination, Exchange and Utilization Rules 2022 on Saturday and declared that all trade-related information, transmission, documents, data, or records gathered through the Pakistan Single Window (PSW) system will be confidential.
Dec-18-2022