PAKISTAN SINGLE WINDOW REGISTRATION
PSW stands for the Pakistan Single Window. This is a new trade system and PSW is license is very important for Import and Export Business and PSW replace VEBOC. PSW provides a means for parties involved in trade and transport to lodge standardized information and documents with a single point of entry for fulfilling all import/export and transit requirements.
PSW Registration is required for all importers and exporters. We offer ONE (1) DAY PSW Registration Service. PSW (Pakistan Single Window) The purpose of PSW is to improve cross-border trade processing through centralized ICT-based services, simpler processes, effective and reliable automation, a harmonized data exchange, and risk-based selection of government regulations.
(Pakistan Single Window) is registered under section 42 of the Companies Act 2017 and administered by the Federal Board of Revenue Customs Department of the Government of Pakistan.
According to the Prime Minister’s Office, Pakistan has committed to launching its Single Window (PSW) by 2022, also called Pakistan Single Window (PSW). For the creation of this important reform initiative, Pakistan Customs has been designated as the ‘Lead Agency’. A Program Management Office (PMO) has been established by the Federal Board of Revenue (FBR) to coordinate and supervise this initiative
Requirements of PSW
- The main requirements of PSW are as under
- Registered Business NTN
- Sole proprietorship or AOP/Partnership or Pvt Ltd
- Bank Maintenance Certificate
- GST (General Sales Tax)
- Chamber of Commerce
Time Required for PSW license 8 to 10 Days.
Benefits for the Traders
- Reduced costs and time
- Faster clearance
- Transparency & Predictability
- Less Opportunity for interpretation of laws, regulations etc