{"id":85261,"date":"2022-04-13T10:26:35","date_gmt":"2022-04-13T05:26:35","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85261"},"modified":"2022-04-13T10:26:39","modified_gmt":"2022-04-13T05:26:39","slug":"psw-china-joint-working-group","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/psw-china-joint-working-group.html","title":{"rendered":"PSW, China to establish Joint Working Group for collaboration"},"content":{"rendered":"\n<p>Islamabad: Pakistan Single Window (PSW) and the General Administration of Customs of the People&#8217;s Republic of China (GACC) have created a Joint Working Group (JWG) on cooperation for a proposed integration, news sources reported. The consultation was held in March between the parties to discuss the development of the joint mechanism.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cpec-jwg-review-progress-sezs.html\" data-type=\"post\" data-id=\"85243\" target=\"_blank\" rel=\"noreferrer noopener\">CPEC JWG: Pak, China review progress of SEZs<\/a><\/p>\n\n\n\n<p>Reportedly, the <a href=\"https:\/\/www.zameen.com\/news\/automated-sales-tax-returns-misdeclarations.html\" data-type=\"post\" data-id=\"85251\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Board of Revenue (FBR)<\/a>, PSW and GACC held joint collaboration consultations to discuss the cooperation mechanism and scope of data exchange. It was highlighted that the proposed JWG will help in the coordination mechanism and facilitate technical discussions between the two sides for the proposed integration.&nbsp;<\/p>\n\n\n\n<p>The JWG will work on the same mechanism as the Pakistan Customs and GACC for exchanging trade valuation data through the Electronic Data Exchange mechanism. So far, the single window between the Pakistan Customs and GACC has resulted in preventing over and under billing and trade-related frauds and money laundering.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-mou-pakistan-digital-city-tax-holiday.html\" data-type=\"post\" data-id=\"83533\" target=\"_blank\" rel=\"noreferrer noopener\">KP signs MoU for Pakistan Digital City with 10-yr tax holiday<\/a><\/p>\n\n\n\n<p>It was said that the joint collaboration between the PSW of Pakistan and China will help in the following domains:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Expand the scope of the current data exchange to include full transmission of the Goods\u2019 Declaration data&nbsp;<\/li><li>Phyto-sanitary certificates&nbsp;<\/li><li>Certificates of Origin&nbsp;<\/li><li>Shipping and logistics data to enable execution of advanced risk management techniques and expeditious clearance of goods&nbsp;<\/li><li>Implementation of blockchain technology on the lines of similar initiatives being implemented by GACC in other countries<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-kicks-off-the-launch-of-the-pswp.html\" data-type=\"post\" data-id=\"76563\" target=\"_blank\" rel=\"noreferrer noopener\">Soft launch held for \u2018Pakistan Single Window Programme\u2019 to promote intl\u2019 trade<\/a><\/p>\n\n\n\n<p>As per the PSW manifesto, it plans to interface with regional and worldwide data systems on trade financing, shipping, and customs clearance as it digitises the whole cross-border commerce ecosystem. The PSW became live in July 2021 and has since been integrated with commercial banks for the exchange of cross-border trade-related financial information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan Single Window (PSW) and the General Administration of Customs of the People&#8217;s Republic of China (GACC) have created a Joint Working Group (JWG) on cooperation for a proposed integration, news sources reported. The consultation was held in March between the parties to discuss the development of the joint mechanism.&nbsp;&nbsp;&nbsp; Read: CPEC JWG: Pak, China review progress of SEZs Reportedly, the Federal Board of Revenue (FBR), PSW and GACC held joint collaboration consultations to discuss the cooperation mechanism and scope of data exchange. It was highlighted that the proposed JWG will help in the coordination mechanism and facilitate technical discussions between the two sides for the proposed integration.&nbsp; The JWG will work on the same mechanism as the Pakistan Customs and GACC for exchanging trade valuation data through the Electronic Data Exchange mechanism. So far, the single window between the Pakistan Customs and GACC has resulted in preventing over and under billing and trade-related frauds and money laundering.&nbsp;&nbsp; Read: KP signs MoU for Pakistan Digital City with 10-yr tax holiday It was said that the joint collaboration between the PSW of Pakistan and China will help in the following domains:&nbsp; Expand the scope of the current data exchange to&hellip;<\/p>\n","protected":false},"author":84,"featured_media":85276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[51913,51914,51910,51911,51912],"persona":[],"class_list":{"0":"post-85261","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-china-_pakistan-jwg","9":"tag-joint-working-group","10":"tag-pakistan-single-window","11":"tag-ppsx","12":"tag-trade-and-development","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PSW, China to establish Joint Working Group - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan Single Window (PSW) and the General Administration of Customs of the People&#039;s Republic of China (GACC) have created a Joint Working\" \/>\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\/psw-china-joint-working-group.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSW, China to establish Joint Working Group - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan Single Window (PSW) and the General Administration of Customs of the People&#039;s Republic of China (GACC) have created a Joint Working\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/psw-china-joint-working-group.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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