The Export Facilitation Scheme (EFS) represents a significant step forward in bolstering the export sector by offering tax and duty-free imports to eligible exporters. With over 1,500 businesses benefiting from this initiative, the scheme aims to enhance global competitiveness, reduce operational costs, and promote sustainable economic growth. Understanding the Export Facilitation Scheme The Export Facilitation […]
Navigating the customs clearance process in Pakistan requires a thorough understanding of the procedures, documentation, and regulations in place. This guide provides a detailed overview of the steps involved, helping importers and exporters streamline their operations and avoid potential delays. What is Customs Clearance? Customs clearance is a mandatory process required for all goods entering […]
In a significant step towards fostering economic cooperation and bilateral trade, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have announced the formation of the Pakistan-Bangladesh Joint Business Council (PBJBC). This landmark initiative, reported by Dawn News, aims to enhance trade and […]
In an exciting development for Pakistan’s digital economy, Google Pay is set to launch in the country by March 2025. This move marks a significant milestone in advancing digital payments and financial inclusion across Pakistan. With its user-friendly interface and widespread global presence, Google Pay is expected to revolutionize how people in Pakistan manage and […]
Karachi, Pakistan’s economic hub and largest city, has once again cemented its position as the Pakistan’s leading tax contributor for the fiscal year 2024. According to the Federal Board of Revenue (FBR), the city’s dynamic economic activities and diverse business ecosystem have made it the backbone of Pakistan’s tax revenue generation. Karachi’s Dominance in Tax […]
The Prime Minister of Pakistan recently highlighted the transformative impact of the Faceless Customs Assessment System, lauding it as a significant step towards enhancing transparency, efficiency, and service delivery in customs operations. This initiative represents a leap towards digitizing the Federal Board of Revenue (FBR) and aligns with the broader vision of fostering an investor-friendly […]
Customs Duties in Pakistan Customs duties play a crucial role in Pakistan’s international trade landscape, impacting businesses and consumers alike. This comprehensive guide dives into the nuances of customs duties in Pakistan, covering regulations, rates, and key considerations for importers and exporters. Introduction to Customs Duties in Pakistan Customs duties in Pakistan refer to the […]
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