Govt reviews proposed EFS amendments to facilitate exporters
Pakistan government is reviewing proposed amendments to the Export Facilitation Scheme (EFS) to simplify procedures, reduce compliance costs, and improve access for exporters while strengthening safeguards against misuse. The development came during the fifth meeting of the Prime Minister’s Committee to Review the EFS, held at the Ministry of Finance on Wednesday under the chairmanship of…
The Pakistani government is currently reviewing proposed amendments to the Export Facilitation Scheme (EFS) with the aim of simplifying procedures, reducing compliance costs, and improving access for exporters. During the fifth meeting of the Prime Minister’s Committee to Review the EFS, held at the Ministry of Finance, senior officials from the Ministry of Commerce and Federal Board of Revenue, representatives of exporters’ associations, and prominent exporters discussed various proposals to streamline the scheme.
These proposals include simplifying exporter categorisation, rationalising authorisation periods, and improving access to the scheme for both new and existing exporters. The government’s main objective is to ensure that the concessions remain linked to genuine export performance while maintaining safeguards against potential misuse.
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