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Pakistan set to pilot-run foreign payment system in April


Business
February 12, 2021
ISLAMABAD: The government is all set to launch a new system to process payments within and from Pakistan through integration with any international payment provider, officials said on Thursday.
The officials of the National Institutional Facilitation Technologies (NIFT) said the payment system will be facilitated by the involvement of third party. The payment facility was to become functional by the end of 2020. However, the multi-party engagement with the effect of COVID has affected the plan.
“However, we are working on it and will update as soon as they are ready to take it to SBP. Assistance from SBP will come in once they put in the complete details for their review. The pilot run is now expected in second quarter of 2021,” the NIFT official told the 4th meeting of National e-Commerce Council (NeCC). ....

Razak Dawood , Asian Development Bank , Bank Alfalah , Punjab Consumer Protection Council , National Institutional Facilitation Technologies , National Taxation Council , Mercantile Exchange Department , Commerce Council Ne , Development Authority Of Pakistan , Commerce Council , Prime Minister , Commerce Razak Dawood , Google Pay , Apple Pay , Federal Board , Web Based One Customs , Development Authority , Payment Gateway , Ecommerce Policy , ர்யாஸக் தாவூத் , ஆசிய வளர்ச்சி வங்கி , வங்கி அல்பாலா , பஞ்சாப் நுகர்வோர் ப்ரொடெக்ஶந் சபை , தேசிய நிறுவன வசதி தொழில்நுட்பங்கள் , தேசிய வரிவிதிப்பு சபை , வணிக பரிமாற்றம் துறை ,

Pakistan climbs on Trading Across Border Index


Pakistan climbs on Trading Across Border Index
FBR’s reforms help country jump from 142nd to 111th place
PHOTO: AFP/FILE
ISLAMABAD:
Pakistan has managed to improve its place by 31 spots on the Trading Across Border Index as the ranking jumped from 142nd to 111th, a major achievement towards ensuring ease of doing business.
The Federal Board of Revenue (FBR) made trading across borders easier by focusing on three crucial areas - enhancing the integration of various agencies with the Web-Based One Customs (WeBOC) electronic system; reducing the number of documents required for import/ export clearances; and enhancing capacity of Pakistan Customs officials for playing a proactive role in smoothly regulating border trade. ....

Regional Improvement Of Border Services , World Bank Ease Of Doing Business Index , World Trade Organisation , Trading Across Border Index , Federal Board , Web Based One Customs , Pakistan Customs , World Bank , Doing Business Index , Trade Facilitation Agreement , Trading Across Border , Regional Improvement , Border Services , Pakistan Single Window , பிராந்திய முன்னேற்றம் ஆஃப் எல்லை சேவைகள் , உலகம் வங்கி எளிதாக ஆஃப் செய்து வணிக குறியீட்டு , உலகம் வர்த்தகம் ஆர்கநைஸேஶந் , வர்த்தக குறுக்கே எல்லை குறியீட்டு , கூட்டாட்சியின் பலகை , வலை அடிப்படையிலானது ஒன்று சுங்க , பாக்கிஸ்தான் சுங்க , உலகம் வங்கி , செய்து வணிக குறியீட்டு , வர்த்தக குறுக்கே எல்லை , பிராந்திய முன்னேற்றம் , எல்லை சேவைகள் ,

FBR revs up efforts to boost cross-border trade


Business
January 20, 2021
ISLAMABAD: The Federal Board of Revenue (FBR) is trying to further improve its services on border crossings to increase trade with India and Afghanistan, it said on Tuesday.
“In order to further improve Pakistan’s position in trading across border criterion, the Federal Board of Revenue is pursuing simultaneous completion of regional improvement of border services and Pakistan Single Window,” the FBR said in a statement.
“Regional improvement of border services is being implemented at Torkham, Chaman, and Wagah and is the flagship program that aims at improving border-crossing facilities which are key transit points to Afghanistan and India. 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.” ....

World Bank Doing Business , World Trade Organization , Federal Board , Pakistan Single Window , World Bank , Doing Business , Web Based One Customs , Pakistan Customs , South Asia , உலகம் வங்கி செய்து வணிக , உலகம் வர்த்தகம் ஆர்கநைஸேஶந் , கூட்டாட்சியின் பலகை , பாக்கிஸ்தான் ஒற்றை ஜன்னல் , உலகம் வங்கி , செய்து வணிக , வலை அடிப்படையிலானது ஒன்று சுங்க , பாக்கிஸ்தான் சுங்க , தெற்கு ஆசியா ,

Border trade ranking improves to 111th: FBR - Newspaper


The announcement of the FBR did not mention the year in which the index was calculated. APP/File
ISLAMABAD: Pakis­tan’s rank on the trading across border index jumped by 31 positions from 142nd to 111th due to considerably improved implementation of several measures, the Federal Board of Revenue (FBR) said on Tuesday.
The improvement is linked with the ongoing reforms that led to huge improvements in trading across the borders index. The announcement of the FBR did not mention the year in which the index was calculated.
An official announcement said the FBR made trading across borders easier by focusing three crucial areas: 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; and enhancing capacities of Pakistan Customs officials for playing pro-active role in smoothly regulating border trade. ....

World Trade Organisation Facilitation , World Bank Ease Of Doing Business Index , Federal Board , Web Based One Customs , Pakistan Customs , Trading Across Border Index , World Bank , Doing Business Index , South Asia , World Trade Organisation , Trade Facilitation Agree , Green Channel , உலகம் வர்த்தகம் ஆர்கநைஸேஶந் வசதி , உலகம் வங்கி எளிதாக ஆஃப் செய்து வணிக குறியீட்டு , கூட்டாட்சியின் பலகை , வலை அடிப்படையிலானது ஒன்று சுங்க , பாக்கிஸ்தான் சுங்க , வர்த்தக குறுக்கே எல்லை குறியீட்டு , உலகம் வங்கி , செய்து வணிக குறியீட்டு , தெற்கு ஆசியா , உலகம் வர்த்தகம் ஆர்கநைஸேஶந் , பச்சை சேனல் ,

SAMAA - Pakistan climbs 28 spots on Ease of Doing Business index


Pakistan climbs 28 spots on Ease of Doing Business index
FBR has made trading across borders easier
SAMAA |
Press Release - Posted: Jan 19, 2021 | Last Updated: 3 months ago
SAMAA |
Press Release
Posted: Jan 19, 2021 | Last Updated: 3 months ago
Photo: File
Listen to the story
Pakistan climbed up 31 positions in the Trading Across Border Index, which enabled the country in jumping up 28 places, from 136th to 108th, in World Bank s Ease of Doing Business 2020 , a press release said on Wednesday.
Pakistan has improved from 142nd to 111th on the rank of the Trading Across Border Index, which helped it improve its ranking in the WB s Ease of Doing Business index. ....

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