Friday, April 19, 2024

Pakistan’s single window will save the country $500 million every year

Pakistan is on track to save $500 million per year as a result of port and shipping sector reforms.

According to government sources, cargo clearance time will be cut from days to hours as a result of these measures.

According to sources, these reforms have already been implemented following the enactment of the Pakistan Single Window Act 2021.

Prime Minister Imran Khan announced in a tweet yesterday that the PTI administration has passed the Pakistan Single Window (PSW) Act 2021, which makes it easier to import and export goods.

By combining 75 regulatory departments, including customs, banks, port authorities, shipping companies, and brokers, the Prime Minister claims that Pakistan Single Window will save 500 million dollars annually and shorten cargo clearing time from days to hours.

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