Daily Times

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, Federal Board of Revenue (FBR) said here Tuesday.

The board had made trading across borders easier by focusing three crucial areas including enhancing the integration of various agencies in the Web-Based One Customs (WEBOC) electronic system; reducing the number of documents required for import / export clearances; enhancing capacities of Pakistan Customs officials for playing pro-active role in smoothly regulating border trade. 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’ and securing a place among the top 10 countries have done the most in the corresponding / past year to improve the ease of doing business in their countries.

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, said FBR in a statement.

The statement said that it was important to note that border facilitation was amongst the top priority areas as per the comprehensive policy laid down by the government, adding that 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.

Pakistan Customs has pursued implementation of effective customs controls so that compliant trade was thoroughly facilitated, while lesser / non-compliant trade was diverted to detailed scrutiny.

This strategy worked well, as conceived by Pakistan Customs, and had 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.

For instance, the statement added, the time required for documentary compliance to effect exports had been reduced from 55 hours to 24 hours, and the time required for overall border compliance to effect exports had also been reduced from 75 hours to 24 hours.

Similarly, the time required for documentary compliance to effect imports was reduced from 143 hours to 24 hours, and the time required for overall border compliance to effect imports had also been reduced from 120 hours to 24 hours.

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.