Pakistan has moved up in the Trading across Border Index, said the Federal Board of Revenue on Tuesday.
According to the Spokesperson of FBR, the country improved its rankings in the Trading across Border Index by 31 positions.
Pakistan ascended from the 142th to the 111th. FBR Spokesperson in its tweet said that, “In a major achievement towards ensuring ease of doing business, Pakistan has improved 31 positions (from 142nd to 111th) on the rank of Trading Across Border Index.
FBR added that it made trading across borders easier by focusing three crucial areas that include:
- Enhancing the integration of various agencies in the Web-Based One Customs electronic system
- Reducing the number of documents required for import/ export clearances
- Enhancing capacities of Customs officials for playing proactive role in regulating border trade
FBR said that climbing up the ladder in Trading Across Border Index has enabled Pakistan in jumping up 28 places – from 136th to 108th – in World Bank’s (WB)’s ‘Ease of Doing Business 2020.
“This milestone has led Pakistan to be the sixth global reformer and first in South Asia that has brought ease in doing business for the national / international trade.” FBR said.
FBR added that it is important to note that border facilitation is amongst the top priority areas as per the comprehensive policy laid down by the Government.
Moreover concerted efforts by Pakistan Customs, under FBR, led to impressive performance in terms of compliance to the provisions of World Trade Organization (WTO)’s Trade Facilitation Agreement; hence, complementing Pakistan’s rise in Trading across Border Index
FBR said that Pakistan Customs has pursued implementation of effective customs controls so that compliant trade is thoroughly facilitated, while lesser / non-compliant trade is diverted to detailed scrutiny.
This strategy worked well, as conceived by Pakistan Customs, and has gone a long way in reducing the dwell time (at the borders / ports) for imports / exports in Pakistan by increasing the percentage of clearances through Green Channel.
FBR added that in order to further improve Pakistan’s position in Trading Across Border criterion, Federal Board of Revenue is pursuing simultaneous completion of Regional Improvement of Border Services (RIBS) and Pakistan Single Window.
Regional Improvement of Border Services (RIBS) is being implemented at Torkham, Chaman, and Wahga and is the Flagship program that aims at improving border-crossing facilities which are key transit points to Afghanistan and India, said FBR.
It added that Pakistan Single Window, on the other hand, would integrate online at least 46 departments / agencies in Pakistan and would make trading across border a hassle free and seamless operation.