The State Bank of Pakistan (SBP) on Friday eliminated the requirement of Electronic E-Form by amending the foreign exchange regulations to facilitate exporters.
Through the Pakistan Single Window and International Platforms, it has notified revisions in foreign exchange regulations for export of goods from the country, the central bank said.
Key changes include amendments in regulations to facilitate export transactions through the Pakistan Single Window when it becomes operational. “This will eliminate the requirement of EFE for carrying out exports from Pakistan,” said the SBP.
Another key amendment introduced in the revised export regulations is the framework for facilitating Pakistani exporters and entrepreneurs to sell their products through international digital marketplaces including Amazon, e-Bay and Alibaba under the Business-to-Business-to-Consumer (B2B2C) e-Commerce model.