Trade Facilitation Board approved to streamline cross-border trade
MG News | September 03, 2026 at 03:29 PM GMT+05:00
September 03, 2026 (MLN): Prime Minister Muhammad Shehbaz Sharif has
approved the establishment of a Trade Facilitation Board, which he will
personally chair, tasked with improving the country's entire trade supply chain
and addressing non-tariff issues linked to cross-border trade.
The Prime Minister gave the approval while chairing a
meeting on trade facilitation in Islamabad on Thursday.
The proposed board will formulate a roadmap for the
promotion of trade, develop a Trade Facilitation Index and devise a strategy
for monitoring progress on trade-related reforms, said a press release issued.
The Prime Minister directed that work to improve the
operational capacity of the country's ports be carried out on an emergency
basis, and that various working groups be constituted for this purpose.
These groups will focus on enhancing port capacity,
improving coordination among relevant departments, ensuring compliance with the
regulatory framework, enabling pre-arrival clearance, and increasing the
participation of small and medium-sized enterprises in international trade.
He further directed that importers and exporters be
extended maximum facilities at ports, and that procedures related to the
transportation and clearance of goods, along with other related matters, be
simplified.
The meeting was informed that as part of ongoing
reforms, port charges have been reduced, resulting in a significant improvement
in the utilization of ports.
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