Trade Facilitation Board approved to streamline cross-border trade

News Image

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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,765.22
212.46M
0.16%
266.28
ALLSHR 103,241.06
481.66M
0.13%
137.96
KSE30 50,813.89
65.25M
0.15%
74.20
KMI30 244,391.30
71.96M
0.08%
186.13
KMIALLSHR 66,928.26
309.74M
0.08%
55.24
BKTi 47,274.31
12.11M
0.30%
141.41
OGTi 35,009.43
4.22M
0.13%
46.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 84,365.00 85,730.00
83,510.00
-545.00
-0.64%
BRENT CRUDE 104.08 106.59
103.11
-2.52
-2.36%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
6.50
5.26%
ROTTERDAM COAL MONTHLY 137.10 0.00
0.00
-0.80
-0.58%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 92.25 94.75
91.51
-2.36
-2.49%
SUGAR #11 WORLD 18.54 18.75
18.43
-0.07
-0.38%

Chart of the Day


Latest News
September 25, 2026 at 06:15 PM GMT+05:00

Asaan Tax Scheme draws nearly 10,000 shopkeepers in first month


September 25, 2026 at 05:25 PM GMT+05:00

PSX Closing Bell: Bulls Keep It Close


September 25, 2026 at 04:50 PM GMT+05:00

Searle swings to Rs536m profit, declares Rs1/share dividend


September 25, 2026 at 04:24 PM GMT+05:00

Trust Securities & Brokerage eyes PVARA licenses, SPAC launch



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg