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Tarin directs early completion of PSW

By Our Staff Reporter 2021-04-30
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has asked the Federal Board of Revenue to make all-out efforts for the early completion of Pakistan Single Window (PSW) to pave the way for ease in imports and exports.

The direction came from the finance minister while reviewing the implementation of the first phase ofthe PSW. Special Assistant on Revenue Dr Waqar Masood was also present during the meeting.

Member Customs Operation Tariq Huda briefed the new minister on the progress made regarding implementation of the first phase of the PSW.

An of ficial announcement said the PSW project director outlined the efforts under way to integrate the system with majority of banks, Nadra and other departments concerned.`It is a landmark reform that will create a conducive environment for tradeand investment by streamlining cargo clearance and other allied processes,` Mr Tarin said.

The finance minister said the digitisation of regulatory processes of relevant government departments will also reduce loss of revenue due to undervaluation and misdeclaration thereby improving transparency and promoting Ease of Doing Business.

Mr Tarin also approved the procedural matters and urged to accelerate the whole process on the occasion.