KARACHI: The State Bank of Pakistan (SBP) on Monday proposed a framework for facilitating Pakistani exporters to sell products through international digital marketplaces.
The central bank has proposed changes in its regulatory instructions for exports of goods from Pakistan.
“These changes aim at promoting ease of doing business by simplifying the existing instructions. The key amendments proposed include framework for facilitating Pakistani exporters to sell their products through international digital marketplaces including Amazon, e-Bay and Ali Baba under Business to Business to Consumer (B2B2C) e-Commerce model,” read the press release issued by the SBP.
The bank said that the amendments required in export regulations to implement Pakistan Single Window Project, which would eliminate the requirement of Electronic Form-E, are also part of the revised draft.
“Likewise, in some other areas, regulatory approvals required from SBP have been proposed to be delegated to banks to facilitate the business community,” it added.