Pakistan


Pak-China customs authorities agree to boost cooperation

Pak-China customs authorities agree to boost cooperation

Dec 12 2019 / Daily Times A Chinese Customs delegation visited the FBR and held detailed meetings with Pakistan Customs on December 10-11 to further cooperation between the Customs Authorities of the two governments. General Customs Administration of China and Pakistan Customs under the FBR are actively involved in cooperation, information exchange, and enforcement coordination. In pursuance of the shared objectives, delegates from both the Customs Administrations held several...

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PTI govt to table bill for single trade window

PTI govt to table bill for single trade window

By Zafar Bhutta Dec 11 2019 / The Express Tribune ISLAMABAD: Pakistan, being a signatory to the World Trade Organisation (WTO), has decided to introduce a bill for creating a single window in order to facilitate cross-border trade. Pakistan has signed WTO’s Agreement on Trade Facilitation and has notified the establishment of Pakistan Single Window (PSW) for cross-border trade by February 2022. This comes as the government increasingly focuses on...

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The Connection Between Trade Compliance and Logistics

By Reinhard Poelzl Oct 24 2019 / Logistics Viewpoint Historically, governments have focused on the exporter of record when looking for sanction or embargo violations, including of the movement of sensitive dual-use products and technologies across borders. However, all parties to an export transaction, including freight forwarders and carriers, are subject to the same rules, and as such must be aware of what is required of them in the...

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When corruption fights back, the main casualty is economy

TODAY’S PAPER – BUSINESS June 29, 2019 LAHORE: The prevailing culture of tolerating collusive behavior, exploitation, and organised cartelisation is the reason that Pakistan lags behind the rest of the world when it comes to market competition, while political will to support anti-trust agencies is also very weak here. The judicial system in Pakistan does not work efficiently. The procedural delays upset the writ of honest regulators. There is...

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Unblocking Pakistan’s Logistics Quagmire

The missing links that prevent a market worth $34.2 billion from doubling its potential AYESHA SHAIKH The performance of the logistics sector provides a stark contrast to the economic recession Pakistan has been mired in. As of December 2018, the logistics sector is valued at $34.2 billion, registering an annual growth rate of 18% between 2017 and 2018 (source: Ministries of Communications and Postal Service). However, experts are quick...

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