SBP proposes framework for Pakistani exporters to sell products on ecommerce websites

Dunya News

SBP proposes framework for facilitating Pakistani exporters.

KARACHI (Web Desk) – State Bank of Pakistan (SBP) has proposed a framework for facilitating Pakistani exporters to sell products through international digital marketplaces including Amazon, e-Bay, Ali Baba under Business to Business to Consumer e-Commerce model to promote ease of doing business.

According to a statement issued by SBP, Amendments required in export regulations to implement Pakistan Single Window Project, which would eliminate the requirement of Electronic Form-E, are also part of revised draft. Likewise, in some other areas, regulatory approvals required from SBP have been proposed to be delegated to banks to facilitate the business community.

The central bank further said that the proposed changes are a part of SBP’s broader agenda to revise the existing foreign exchange regulations to align them with the changing market dynamics, business needs and global trade practices.