{"id":68003,"date":"2020-07-16T10:02:00","date_gmt":"2020-07-16T05:02:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68003"},"modified":"2020-07-15T18:02:26","modified_gmt":"2020-07-15T13:02:26","slug":"govt-to-implement-psw-to-remove-cross-border-trade-hurdles","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-implement-psw-to-remove-cross-border-trade-hurdles.html","title":{"rendered":"Govt to implement PSW to remove cross-border trade hurdles"},"content":{"rendered":"\n<p>Islamabad: The government has issued a 2022 deadline for the implementation of a &#8216;Pakistan Single Window (PSW)&#8217; system \u2013 to be developed at an estimated cost of USD 67 million \u2013 in a bid to streamline the cross-border trade of goods and regulatory bottlenecks, according to a news source published on July 15.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-establish-private-limited-company-international-trade.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to establish private limited company for international trade<\/a><\/p>\n\n\n\n<p>The system is being introduced to comply with the World Trade Organisation (WTO) provisions and aims to facilitate ease of doing business and enhance controls through the \u2018integrated risk management\u2019.<\/p>\n\n\n\n<p>A customs official has revealed that the first phase of the PSW system, which will be prepared by the year\u2019s end, to cover 80% volume of various permits, licences, certificates and other documents which are now issued to regulate the trade.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/un-body-announces-action-plan-to-facilitate-intl-trade.html\" target=\"_blank\" rel=\"noreferrer noopener\">UN body announces action plan to facilitate int\u2019l trade amid COVID-19 restrictions<\/a><\/p>\n\n\n\n<p>The initiative will include segmented establishment of an Information and Communications Technology (ICT)-based platform that\u2019s concerned with harmonisation, simplification, and automation of the regulatory process of the cross-border<a href=\"http:\/\/zameen.com\/news\/govt-avail-trade-opportunities-explore-markets-post-covid-19-dawood.html\" target=\"_blank\" rel=\"noreferrer noopener\"> movement of goods<\/a>.<\/p>\n\n\n\n<p>Earlier, the government introduced the PSW Bill 2020, which was developed with consensus of concerned stakeholder, for the parliament\u2019s approval in June.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government has issued a 2022 deadline for the implementation of a &#8216;Pakistan Single Window (PSW)&#8217; system \u2013 to be developed at an estimated cost of USD 67 million \u2013 in a bid to streamline the cross-border trade of goods and regulatory bottlenecks, according to a news source published on July 15. Read: Govt to establish private limited company for international trade The system is being introduced to comply with the World Trade Organisation (WTO) provisions and aims to facilitate ease of doing business and enhance controls through the \u2018integrated risk management\u2019. A customs official has revealed that the first phase of the PSW system, which will be prepared by the year\u2019s end, to cover 80% volume of various permits, licences, certificates and other documents which are now issued to regulate the trade. Read: UN body announces action plan to facilitate int\u2019l trade amid COVID-19 restrictions The initiative will include segmented establishment of an Information and Communications Technology (ICT)-based platform that\u2019s concerned with harmonisation, simplification, and automation of the regulatory process of the cross-border movement of goods. Earlier, the government introduced the PSW Bill 2020, which was developed with consensus of concerned stakeholder, for the parliament\u2019s approval in June.<\/p>\n","protected":false},"author":75,"featured_media":66133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15153],"tags":[34737,34740,34738,34739],"persona":[],"class_list":{"0":"post-68003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-trade","9":"tag-govt-to-implement-psw-to-remove-cross-border-trade-hurdles","10":"tag-psw-bill-2020","11":"tag-psw-system","12":"tag-world-trade-organisation-wto","13":"cat-15012-id","14":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to implement PSW System for cross-border trade - Zameen News<\/title>\n<meta name=\"description\" content=\"The government has issued a 2022 deadline for the implementation of a PSW system \u2013 to be developed at cost of USD 67 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-implement-psw-to-remove-cross-border-trade-hurdles.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to implement PSW System for cross-border trade - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The government has issued a 2022 deadline for the implementation of a PSW system \u2013 to be developed at cost of USD 67 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-implement-psw-to-remove-cross-border-trade-hurdles.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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