Islamabad: The federal government is looking to establish a private limited company called the ‘Pakistan Single Window Company’ for international trade engagement — a news source reported earlier today (July 8). The company will oversee a number of trade-related functions currently overseen by the Pakistan Customs and the Federal Board of Revenue (FBR).
The National Assembly’s Standing Committee on Finance on Wednesday reviewed the Pakistan Single Window Bill 2020 under which the company will be established. Meanwhile, the FBR has begun the process of hiring the company’s top management — with offices having been rented in Karachi and Islamabad for the firm’s employees.
The company is being established as a part of the federal government’s efforts to simplify trade locally and internationally for Pakistan, and to reduce the cost of doing business. The World Bank had recommended setting up the company for the purpose, since Pakistan does not have any effective trade assistance mechanisms.