Pakistan Custom Launches AEO Pilot Project At Karachi
Umer Jamshaid Published November 06, 2020 | 12:16 AM
The Pakistan Customs has launched first trade facilitation program of its kind under the name and banner of Authorized Economic Operators (AEO) through operationalization of AEO pilot project at Karachi
ISLAMABAD, (UrduPoint / Pakistan Point News - 5th Nov, 2020 ) :The Pakistan Customs has launched first trade facilitation program of its kind under the name and banner of Authorized Economic Operators (AEO) through operationalization of AEO pilot project at Karachi.
The program has been chalked out in line with best international practices and in accordance with WCO security standards, according to press statement issued by FBR here Thursday.
Under the said program, government would certify trustworthy business entities which could demonstrate that they are credible, secure and have a clean history of compliance with national laws and, in return, a policy of non-interference will be adopted by all government departments toward such trusted entities so that they could concentrate on the growth of their businesses.
The AEO Program is a great step towards traders' facilitation and ease of doing business as "red tapism" of government departments will be replaced with "red carpet" for the trustworthy business entities, and will provide enabling environment for the business community to achieve their maximum potential.
The AEO pilot project is the first step that has been launch at Model Customs Collectorate of Port Mohammad Bin Qasim Karachi through inclusion of M/s Artistic Denim Mills Karachi that is a renowned manufacturer-cum-exporter of textile sector.
Initially, AEO Pilot Project has been launched at export stage and gradually other areas of supply chain will be brought under the Pilot Project and eventually AEO Program will be rolled out for the facilitation of business community.
The traders and various chamber associations have appreciated the AEO initiative of the government and expressed that it was the first initiative of its kind which aims at recognition of trusted business partners at Federal Government level and entails benefits from all government departments.
Such unique initiative, the business community hoped, has great potential to boost export oriented businesses which are the backbone of national economy.
Related Topics
Recent Stories
Dubai Mum Becomes the First Ever Pakistani Woman to Climb 11 of the 14 Highest M ..
Over 37% Tobacco tax increase suggested to save lives, boost revenue
Mohsin Naqvi has offered a substantial incentive, pledging $100,000 to every pla ..
Citizens join Al Barsha Police in “An Hour for Dubai” Initiative
Art can be a powerful tool to relieve stress, Experts say at Sharjah Children’ ..
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 5 May 2024
Today Gold Rate in Pakistan 05 May 2024
Bugti assures transporters for addressing their problems
Deputy Prime Minister and Foreign Minister, Mohammad Ishaq Dar meets foreign min ..
3 drug peddlers arrested, hashish recovered
1496,990 children given polio drops in five days: DC
Six terrorists killed, hideout busted in N Waziristan IBO: ISPR
More Stories From Business
-
PIACL restructuring approved by SECP
8 hours ago -
Saudi trade delegation arrives in Pakistan for investment cooperation
9 hours ago -
Saudi trade delegation arrives Pakistan for mutual investment cooperation
11 hours ago -
FPCCI urges urgent action amidst Pakistan’s economic situation
12 hours ago -
Over 37% Tobacco tax increase suggested to save lives, boost revenue
12 hours ago -
Pak-Saudi investment conference to be held on Monday
13 hours ago
-
NPO launches program for development of gemstone sector
16 hours ago -
PFC to take part in Riyadh Intel. expo
17 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 5 May 2024
22 hours ago -
Today Gold Rate in Pakistan 05 May 2024
23 hours ago -
CRD survey unveils 18% Pakistanis quit smoking
1 day ago -
NTUF granted patent for Innovative Multilayered Natural Fiber Composite Helmet
1 day ago