PSW to bring $500 mln annual savings, reduce cargo clearance time by integrating 75 regulatory depts: PM
MG News | April 12, 2021 at 02:53 PM GMT+05:00
April 12, 2021 (MLN): The Pakistan Single Window (PSW) Act 2021, which paves the way for ease in imports & exports will bring about $500 million annual savings & reduce cargo clearance time from days to hours, Prime Minister Imran Khan through his official Twitter handle said.
This landmark reform by the PTI government will bring annual savings and reduce cargo clearance time by integrating 75 regulatory depts which include customs, banks, port authorities, shipping companies & brokers, etc, he added.
He further stated that an independent authority will manage the PSW which will be pivotal in unlocking Pakistan’s potential to become a hub for international transit & trade.
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