ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the decision of Federal Board of Revenue to facilitate trade in the erstwhile FATA.
In a statement, FPCCI President Mian Nasser Hyatt Maggo and Vice President Nasir Khan appreciated the FBR for its efforts to improve ease of doing business and trade facilitation by allowing clearance of goods imported by erstwhile FATA and installations of tracking devices manually to ensure route monitoring and tracking till the development of the functionality in the WEBOC system.
They further said that under the FBR directives, the processing of such consignments may be cleared in the system by the respective collectorate after implementation of the required conditions.
TPL Trakker Ltd has been assigned for manually installation of tracking devices for consignments. The control mechanism for clearance of such consignments will remains with the collectorate while it may get the written confirmation for concerned clearing agents/bonded carriers.
They said that FPCCI have been emphasising for the development of economically deprived regions through enhancement of transit trade by improving trade facilitations.
They further added that the global economic scenario has drastically changed, e-commerce and digitalization has gained significance for international trade. Therefore, they said the FBR and other stakeholders should also follow and improve their working according to the new technological developments in trade.
