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Good News on Pakistan’s Trade & Commerce
1. Ambitious Export Growth Plan
Prime Minister Shehbaz Sharif directed a strategic framework to boost exports to $60 billion in five years, emphasizing tariff rationalization, growth in IT, services, and agriculture, and reforms in the Export Development Fund.
The government is updating the Strategic Trade Policy Framework (2025–30) and finalizing a national e‑commerce policy for Cabinet approval.
2. Modernized Trade Infrastructure
Subject: Pakistan advances cross‑border efficiency with Pakistan Single Window (PSW)
The Pakistan Single Window (PSW) now enables online submission for cross-border trade documentation, reducing delays and eliminating paperwork across ports.
Integrated with the Federal Board of Revenue (FBR) and other agencies, the PSW enhances customs clearance and guarantees post-clearance audits .
3. Expansion of Trade Missions in China
Subject: Pakistan approves 20 new trade posts in China to foster exports & investment
The Commerce Ministry has approved 20 new trade mission positions in China, backed by a ₨5.5 billion investment, to boost engagement and investment.
These missions aim to enhance exports to Pakistan's largest trading partner (exports to China stand at $2.56 billion), attract FDI, and explore opportunities to relocate Chinese manufacturing.
These initiatives show Pakistan’s proactive efforts toward export growth, streamlined trade, and international collaboration—creating a solid foundation for sustained economic advancement.
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