PM approves establishment of trade facilitation board
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday approved the establishment of a Trade Facilitation Board (TFB) to streamline the country’s trade supply chain and address non-tariff barriers to cross-border trade. The prime minister will chair the proposed board himself, which will take decisions on issues affecting the entire trade supply chain and devise a roadmap for trade promotion, a…
Prime Minister Shehbaz Sharif has approved the establishment of a Trade Facilitation Board (TFB) to streamline Pakistan's trade supply chain and address non-tariff barriers to cross-border trade. The TFB will be chaired by the prime minister, who will make decisions on issues affecting the entire trade supply chain and devise a roadmap for trade promotion.
The board will also develop a Trade Facilitation Index and a monitoring strategy. Additionally, the prime minister directed authorities to improve port capacity and efficiency, coordinate among government departments, ensure regulatory compliance, and facilitate the participation of small and medium-sized enterprises in international trade.
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