BR100 Increased By (1.41%)
BR30 Increased By (1.43%)
KSE100 Increased By (1.25%)
KSE30 Increased By (1.31%)
AGHA 7.85 Increased By ▲ 0.10 (1.29%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 58.96 Increased By ▲ 0.30 (0.51%)
BOP 34.48 Increased By ▲ 0.79 (2.34%)
CNERGY 10.92 Increased By ▲ 0.31 (2.92%)
CSIL 5.44 Increased By ▲ 0.14 (2.64%)
FCCL 54.85 Increased By ▲ 1.11 (2.07%)
FFL 16.76 Increased By ▲ 0.30 (1.82%)
FNEL 1.25 Increased By ▲ 0.03 (2.46%)
KEL 7.47 Increased By ▲ 0.19 (2.61%)
KOSM 5.68 Increased By ▲ 0.04 (0.71%)
LOTCHEM 29.95 Increased By ▲ 0.30 (1.01%)
MLCF 96.86 Increased By ▲ 0.50 (0.52%)
NBP 206.00 Increased By ▲ 2.47 (1.21%)
NCPL 58.09 Increased By ▲ 1.24 (2.18%)
NPL 69.00 Increased By ▲ 1.69 (2.51%)
OGDC 321.05 Increased By ▲ 2.83 (0.89%)
PACE 10.72 Increased By ▲ 0.09 (0.85%)
PAEL 43.35 Increased By ▲ 1.58 (3.78%)
PIBTL 17.13 Increased By ▲ 0.32 (1.9%)
PPL 223.77 Increased By ▲ 3.60 (1.64%)
PRL 52.40 Increased By ▲ 3.35 (6.83%)
PTC 71.18 Increased By ▲ 1.17 (1.67%)
SSGC 29.64 Increased By ▲ 0.50 (1.72%)
TBL 9.94 Increased By ▲ 0.17 (1.74%)
TELE 8.97 Increased By ▲ 0.15 (1.7%)
TPL 17.98 Increased By ▲ 0.81 (4.72%)
TPLP 13.20 Increased By ▲ 0.69 (5.52%)
TREET 22.92 Increased By ▲ 0.33 (1.46%)
TRG 60.66 Increased By ▲ 0.44 (0.73%)

KARACHI: In a significant development aimed at improving trade operations and Customs clearance procedures, Wajid Ali, Chief Collector of Customs (South), has constituted a Joint Trade Facilitation Committee (JTFC) following recommendations from the country’s apex trade body.

The formation of the committee comes in response to a proposal by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) made during a recent meeting of its Standing Committee on Economic Services Operations.

Muhammad Arshad Jamal, Convener of the FPCCI Committee, highlighted the pressing need for such a mechanism, particularly to tackle challenges arising from the faceless clearance system currently in operation.

He expressed appreciation to the chief collector for maintaining regular coordination with the business community and actively working to address their concerns.

The chief collector has formally issued a notification establishing the JTFC, bringing together key stakeholders to ensure comprehensive representation from both public and private sectors. The committee’s mandate includes facilitating trade and industry, reducing the cost of doing business, and fostering a more secure and business-friendly economic environment.

Saquib Fayyaz Magoon, Senior Vice President of FPCCI, reaffirmed the federation’s commitment to supporting Pakistan’s trade and industrial sectors. He emphasised that the JTFC would provide a platform for all relevant stakeholders to collectively address and resolve ongoing challenges confronting the business community.

The FPCCI has nominated three prominent representatives to the committee: Asif Sakhi (Vice President, FPCCI), Muhammad Arshad Jamal (former vice president, FPCCI), and Khurram Ejaz (former vice president, FPCCI).

Magoon described the initiative as a significant milestone in strengthening public-private partnership and creating a more efficient, transparent, and responsive trade facilitation ecosystem in Pakistan. The move is expected to enhance coordination between customs authorities and the business community while addressing operational bottlenecks in the clearance process.

The establishment of the JTFC reflects the government’s commitment to ease of doing business reforms and demonstrates the Customs department’s proactive approach to engaging with trade stakeholders in addressing systemic challenges.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.