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TDAP, SBP Hold Session on ACU for Exporters
The Trade Development Authority of Pakistan (TDAP) in collaboration with the State Bank of Pakistan (SBP) organised an awareness session for the exporters on Thursday, aimed at facilitating their import payments and transactions through the Asian Clearing Union (ACU). The session, held at the TDAP headquarters in Karachi, was attended by more than 150 exporters from various sectors.
Nov-03-2023
Enhancing Regional Trade Facilitation through National Single Window: Pakistan's Experience
PSW and the Central Asia Regional Economic Cooperation (CAREC) Institute jointly organized a webinar titled, “Enhancing Regional Trade Facilitation through National Single Window: Pakistan's Experience”. The webinar highlighted the best practices, challenges, governance models, techniques, and tools that come with National Single Window Systems to streamline trade regulatory processes. Participants also studied Pakistan's experience in implementing a single window.
Nov-02-2023
Awareness Session on Cross-Border Trade Held
Pakistan Single Window and Hyderabad Chamber of Commerce and Industry (HCCI) jointly organized An awareness session regarding cross-border trade in Conference Hall of the Chamber here Sunday. Senior Vice President HCCI Najam ud Din Qureshi, while welcoming the participants, said that the HCCI was working as a bridge between the government and the business community as the prosperity of the industry, trade and exports was among our top priorities.
Oct-16-2023
Single Window Interoperability: where innovation meets economic diplomacy
For the uninitiated, a National Single Window(NSW) system allows traders and other economic operators to submit information to multiple government agencies through a single entry point to fulfill all import, export, and transit requirements. The concept has been driven by the WTO’s Trade Facilitation Agreement, which came into force in February 2017.
Oct-06-2023
Sindh Excise Available to Serve at PSW
Pakistan Single Window (PSW) and the Sindh Excise, Taxation & Narcotics Control (ET&NC) Department have signed a Memorandum of Understanding (MoU) following the integration of the Sindh ET&NC Department with the PSW. Sindh ET&NC services such as collection of the Sindh Infrastructure Development Cess (SIDC), submission of applications/requests for SIDC exemption/waiver, recording of Bank Guarantees and their release thereof, can now all be availed through the PSW system.
Sep-16-2023
PSW Automates Motor Vehicle Registration System
Pakistan Single Window (PSW) and the Sindh Excise, Taxation & Narcotics Control (ET&NC) Department have signed a Memorandum of Understanding (MOU) following the integration of the Sindh ET&NC Department with the PSW. Sindh ET&NC services such as collection of the Sindh Infrastructure Development Cess (SIDC), submission of applications/requests for SIDC exemption/waiver, recording of Bank Guarantees and their release thereof, can now all be availed through the PSW system.
Sep-15-2023
A Digital System for Faster Clearance of Cargo Ships will be Introduced this Month
A modern automated digital system for faster clearance of cargo ships and saving time and cost of doing business in the country is being introduced this month. It will be blessed. The port community system will start functioning in September, under this system all the naval bases of the country and the various terminals established in them will start working under an automated digital system in the near future.
Sep-14-2023
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