ISLAMABAD: Prime Minister Imran Khan on Monday said the Pakistan Tehreek e Insaf (PTI) government had introduced another landmark reform of Pakistan Single Window Act 2021, which paves the way for ease in imports and exports.
“Pakistan Single Window will bring 500 million dollars annual savings and reduce cargo clearance time from days to hours by integrating 75 regulatory departments, including customs, banks, port authorities, shipping companies and brokers,” he said in a tweet.
The prime minister said an independent authority would manage the Pakistan Single Window, which would be pivotal in unlocking Pakistan’s potential to become a hub for international transit and trade.
In Nov 2020, President Dr Arif Alvi had proposed establishing a ‘trade triangle’ among Pakistan, China and the Association of Southeast Asian Nations (ASEAN) to maximize the quantum of intra-regional business opportunities.
In his virtual address to the 17th China-ASEAN Expo (CAEXPO) held in China’s Nanning city, the president had said Pakistan’s stable macro-economic policies and ease of doing business offered an attractive market to both China and the ASEAN countries for trade cooperation in diverse areas.