PSW Integrates with Global E-Phyto Hub for Faster Agricultural Trade
PSW, in collaboration with the Department of Plant Protection (DPP), has initiated the electronic exchange of phytosanitary certificates through the IPPC e-Phyto Hub. This integration is a critical element of PSW's commitment to modernizing trade processes and adopting digital solutions for a more efficient global trade environment. This move signifies a significant leap toward eliminating paper-based procedures, reducing processing times, and enhancing trade competitiveness.
PSW integrates with global E-Phyto Hub for faster agricultural trade
In collaboration with the Department of Plant Protection (DPP), PSW has initiated the electronic exchange of phytosanitary certificates through the IPPC e-Phyto Hub. This integration is a critical element of PSW's commitment to modernizing trade processes and adopting digital solutions for a more efficient global trade environment. This move signifies a significant leap toward eliminating paper-based procedures, reducing processing times, and enhancing trade competitiveness.
PSW integrates with the International Plant Protection Convention Secretariat’s (IPPC) E-Phyto Hub
PSW proudly announces its successful integration with IPPC's E-Phyto Hub, a leap forward in global digital trade for electronic phytosanitary certificates. This milestone fosters seamless international agricultural trade by enabling swift, secure, and cost-effective exchanges. Pakistan joins 88 countries in this transformative digital platform, reducing export costs and minimizing shipment delays at foreign ports.
Trade facilitation: country achieves major milestone
Pakistan has achieved a significant milestone in trade facilitation by linking to the IPPC's e-Phyto Hub, enabling the electronic exchange of phytosanitary certificates with 127 countries via PSW. The NPPO and PSW integration aims to digitize trade functions and enhance global trade efficiency. CEO PSW also highlighted the elimination of paper certificates, enhancing national trade digitization, and benefitting entry points and traders nationwide.
Pakistan Automotive Sector Seeks Immediate Policy Reforms
Dr. Aadil Nakhoda suggests that boosting exports will involve promoting SME involvement, which includes addressing bureaucratic obstacles, digitalizing trade procedures through further integration of PSW, reducing import tariffs to eliminate anti-export bias, and ensuring that currency movements align with expectations. and reduce risks.
Experts seek auto sector revamp
Dr. Aadil Nakhoda, Assistant Professor & Research Fellow (CBER) at IBA, Karachi, suggests that boosting exports will involve promoting SME involvement, which includes addressing bureaucratic obstacles, digitalizing trade procedures through further integration of PSW, reducing import tariffs to eliminate anti-export bias, and ensuring that currency movements align with expectations. Dr. Nakhoda adds that these measures will reduce the risk of engaging in cross-border trade.
Export Competitiveness in Auto Sector
The automobile sector in Pakistan is facing the brunt of the current economic crisis. The balance of payments-related challenges, which have led to not only restrictions on imports but also an economic slowdown, have hurt sales of new automobiles in the country. According to recent statistics shared by Pakwheels.com, car sales in the first quarter of the current fiscal year plunged 44%, while bus sales dived 32%.
TDAP, SBP Hold Session on ACU for Exporters
The Trade Development Authority of Pakistan (TDAP) in collaboration with the State Bank of Pakistan (SBP) organised an awareness session for the exporters on Thursday, aimed at facilitating their import payments and transactions through the Asian Clearing Union (ACU). The session, held at the TDAP headquarters in Karachi, was attended by more than 150 exporters from various sectors.
Enhancing Regional Trade Facilitation through National Single Window: Pakistan's Experience
PSW and the Central Asia Regional Economic Cooperation (CAREC) Institute jointly organized a webinar titled, “Enhancing Regional Trade Facilitation through National Single Window: Pakistan's Experience”. The webinar highlighted the best practices, challenges, governance models, techniques, and tools that come with National Single Window Systems to streamline trade regulatory processes. Participants also studied Pakistan's experience in implementing a single window.
Awareness Session on Cross-Border Trade Held
Pakistan Single Window and Hyderabad Chamber of Commerce and Industry (HCCI) jointly organized An awareness session regarding cross-border trade in Conference Hall of the Chamber here Sunday. Senior Vice President HCCI Najam ud Din Qureshi, while welcoming the participants, said that the HCCI was working as a bridge between the government and the business community as the prosperity of the industry, trade and exports was among our top priorities.