FPCCI appreciates SBP for the waiver of the E-form requirement up to US $5000

News Image

By MG News | December 18, 2020 at 04:49 PM GMT+05:00

0:00

December 18, 2020: Mian Anjum Nisar President “The Federation of Pakistan Chambers of Commerce and Industry” (FPCCI) and Shaikh Sultan Rehman Vice President applaud The State Bank of Pakistan for the waiver of the E-form requirement for up to the US $5000 per consignment for small industries.

He said that this move will facilitate the small exporters, especially women business entrepreneurs, and will tremendously boost the exchequer.

The State Bank of Pakistan has exempted exports from the E-form requirement for up to the US $5000 per consignment in order to boost exports in the changing situation of global consumer markets due to the Covid-19 epidemic crisis. The State Bank of Pakistan has issued a detailed regulatory framework to facilitate Business-to-Consumer (B2C) E-Commerce exports from Pakistan.

They further said that this exemption will facilitate the exporters for sending goods directly to consumers market and will encourage many others who were not able to face the documentations complications. FPCCI always recommends the Government for business-friendly policies for the small traders and enterprises. FPCCI appreciates the Government and the State Bank of Pakistan for addressing the concerns and considered the recommendations of FPCCI in this regard.

The FPCCI welcomes the SBP statement in the perspective of global lockdown for Covid-19 pandemic, that consumer market place has now shifted from traditional market place to E-commerce. Pakistan needs to adopt the modern business dynamics of E-commerce. In line with these trends, the SBP focused on facilitating cross border trade for B2C exports from Pakistan.

The SBP collaboration with the relevant stakeholders including the Business Community, Pakistan Customs, Ministry of Commerce, Courier Companies, and Banking Industry in a bid to develop a regulatory framework was also appreciated which will not only address the market needs but also take into account regulatory objectives.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

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