ISLAMABAD: The Pakistan Single Window (PSW) has expanded the scope of its recently launched "subscription module".
This will enable online subscription and customs registration of Free Tax Number (FTN) holders that include federal and provincial government departments, diplomatic missions, non-governmental organisations, public hospitals, universities, and research institutes etc.
The FTN holders are no longer required to visit Customs offices for obtaining WeBOC user IDs, which are now issued electronically through the PSW platform.
The new system reduces the average time of customs registration from 10 days to few minutes and is integrated with the NADRA, the FBR, and other government databases for electronic validations and verifications.
PSW global system ‘shall’ apply to FBR, SECP & SBP
All FTN holders are requested to get themselves registered with the PSW to avail online customs and regulatory clearance services as they become available on the PSW platform.
Member Customs (Operations) Syed Muhammad Tariq Huda noted the benefits of improved efficiency through time and cost savings and said he was pleased to see the PSW services now being extended to the public sector.
"Customs has always been at the forefront of reform and technology driven innovation in public sector and we are proud to be the lead agency of Pakistan Single Window. Its full implementation will indeed transform how international trade is managed and regulated in Pakistan".
The PSW is an electronic platform, which allows its users to conduct cross-border trade and all ancillary activities through a single, online portal.
Once implemented, the PSW will allow parties involved in trade and transport to lodge standardized information and documents at a single-entry point for all import, export, and transit-related regulatory requirements.
Copyright Business Recorder, 2021
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