The Pakistan Single Window (PSW), a virtual system envisioned to make international trade management easier, will enable Pakistan to unlock its potential of becoming a hub for regional and international trade and transit as deep-rooted reforms are being undertaken under the PSW program.
This was stated by Federal Minister for Finance and Revenue Mr. Shaukat Tarin while presiding over the maiden meeting of the PSW Governing Council held at the Finance Division on Friday.
Secretary PSW Governing Council apprised the Finance Minister of the key functions of PSW, a virtual system connecting the concerned Ministries, Customs, port authorities, banks, and other relevant departments after major process re-engineering to provide a single-window for management of international trade.
He said PSW is a facility that allowed the parties involved in trade and transport in Pakistan to lodge standardized information and documents at a single registration point. “This eliminates the hidden costs and removes inefficiencies in the governance of international trade including logistics,” he underlined.