• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Green channel: Facility to compliant traders may be extended

September 7, 2025
in Business & Finance
Green channel: Facility to compliant traders may be extended
Share on FacebookShare on TwitterWhatsapp

KARACHI: In a significant show of support to the business community, Wajid Ali, Chief Collector, Customs Appraisement South, said that more than 80 percent traders particularly the industrial importers declare their consignments honestly; therefore, the authorities want to expand and empower the system to extend the facility of green channel to compliant traders.

It is pertinent to note that Wajid Ali, visited FPCCI Head Office, for a detailed, interactive and consultative session with the business, industry and trade community to address their issues and grievances vis-à-vis customs appraisement.

Wajid Ali continued that planning, coordination and implementation efforts are underway to progressively minimize the human contact and interaction to make customs department more efficient, business-friendly, transparent and fair. Customs department sincerely wants to facilitate trade and industry in all manners; which are practically possible and permitted under the regulations, he added.

Atif Ikram Sheikh, President FPCCI, has said that the business community supports the implementation of Faceless Customs Assessment (FCA) system in the customs department to reduce human interaction and increase the use of technology.

He demanded that traders should be facilitated through increase in green channel clearance; minimizing dwell time and full operationalisation of complaints resolution cell for timely redressal of issues, grievances and serious apprehensions – and, traders’ financial losses and costs should be curtailed.

Atif Ikram Sheikh stressed that the dwell time in Pakistan is approximately 7.7 days; which is almost double as compared to its regional competitors; other countries with similar economic conditions and much higher than international best practices – resulting in perpetuating financial losses for traders of the country on account of demurrages, detention charges, storage costs and cost of capital stuck in the process.

Saquib Fayyaz Magoon, SVP FPCCI, highlighted that the complaints resolution cell has become inactive in dealing with genuine, legitimate and time-sensitive complaints of the importers – which is resulting in demurrages and detention charges unnecessarily.

He maintained that the business, industry and trade community welcomes the plan to implement Artificial Intelligence (AI) based customs valuation system – as it will align the country with the emerging trends in trade; and, will be more precise, swift and error-free.

Asif Sakhi, VP FPCCI, appreciated the Faceless Customs Assessment (FCA) system being implemented to increase transparency, efficiency and revenue collection – as the system randomly assigns import goods declarations to assessing officers in a Central Appraisement Unit (CAU) and keeps both parties anonymous.

He elaborated that the recommendations by FPCCI on Customs Appraisement represent the aggregate feedback of 290+ chambers, associations and trade bodies of entire Pakistan as FPCCI is the apex trade body of the country.

Hence, FPCCI offers a platform to the customs department that can be effectively utilized for improvements and efficiency of customs processes for the whole nation.

Arshad Jamal, Convener of FPCCI’s Central Standing Committee on Economic Services Operations, explained that FPCCI only supports the genuine and lawful complaint resolution of the traders in an expeditious manner – and, its recommendations should be given due weightage.

Copyright media, 2025

Tags: business communitycompliant traderscustomsFCA systemFPCCIgreen channeltraders
Share15Tweet10Send
Previous Post

PPMA refutes reports of medicine shortage – Business & Finance

Next Post

SECP alerts public against Ponzi scheme

Related Posts

Pak-Qatar Family Takaful aims to raise over Rs1bn via IPO next week
Business & Finance

Pak-Qatar Family Takaful aims to raise over Rs1bn via IPO next week

December 5, 2025
Pakistan’s OGDC ramps up unconventional gas plans
Business & Finance

Pakistan’s OGDC ramps up unconventional gas plans

December 5, 2025
Pakistan’s growing economy: Kyrgyz investors urged to tap opportunities
Business & Finance

Pakistan’s growing economy: Kyrgyz investors urged to tap opportunities

December 5, 2025
Crucial NFC session finally kicks off after months of delay
Business & Finance

NFC session: centre, provinces agree to form technical sub-groups

December 4, 2025
British American Tobacco plans to offload stake in India’s ITC Hotels
Business & Finance

British American Tobacco plans to offload stake in India’s ITC Hotels

December 5, 2025
Pakistan curbed sale of toxic paints by more than half in 3 years: study
Business & Finance

Pakistan curbed sale of toxic paints by more than half in 3 years: study

December 4, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.