Speakers appreciate govt. efforts to establish NSW for trade

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ISLAMABAD, Mar 8 (APP):Speakers at a conference here on Thursday appreciated the joint initiative of Federal Board of Revenue (FBR) and United States Agency for International Development (USAID) to establish a National Single Window (NSW) for trade.
They said the initiative would help process all import, export and transit-related regulatory requirements efficiently under one umbrella, getting rid of typical time-consuming manual file work and switching over to flawless online/paperless mechanism.
They were speaking at concluding sessions of the two-day moot, which was organized by USAID and FBR, and attended by more than 100 government officials from key trade regulators to better understand the challenges involved in institutionalizing the initiative, ‘National Single Window For Trade.’
Under the NCW, Pakistan’s around 42 departments that are regulating imports and exports through the Customs would use ‘single sourced databank’ from where all required information would be shared with each other. It will also help payment of customs duty, port charges and federal excise duty, ensuring goods clearance within minutes.
Chairman Federation of Pakistan Chamber of Commerce and Industry’s (FPCCI) Standing Committee on FBR Syed Asad Mashhadi said the NSW was a great idea and it needed implementation in letter and spirit to give a boost to national economy in the coming days.
He said the practice of under invoicing was one of the major issues and urged the business community to ensure fair-play as it would help grow their companies as well as strengthen national economy, leading to increased business activities in the country. “Businessmen must ensure submitting actual invoices of their goods,” he said.
He also suggested the government to increase the limit of transfer amount from $10,000 to a reasonable level in consultation with all stakeholders to facilitate entrepreneurs in promoting international trade.
Secretary General P@SHA (Pakistan Software Houses Association for IT and ITES) Shahryar Haideri highlighted importance of Information Technology Enabled Services (ITES) and its fast-increasing role of facilitation in routine life at different levels.
Currently, he said, Pakistan had around $ 3 billion per annum market, which made 100 percent progress in last three years, while it was likely to be doubled in next few years. He said at present around 4,000 IT companies were operating in the country, where almost 150,000 experts were performing different duties to extend hi-tech services to consumers.
He claimed that IT was the second largest industry that was growing 20 to 30 percent every year, expressing the confidence that it would become the largest industry in near future, leaving behind the textile sector.
He also highlighted importance of use of information technology in different ministries, saying that it was increasing collaboration among public sector departments and improving their efficiencies.
He said the NSW initiative would play a great role in improving effeciency of the government departments in clearance of goods and tax collection.