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Trade matters
March 6, 2021
In a recent appeal by the Sarhad Chamber of Commerce and Industry (SCCI), the businessmen and industrialists of Khyber Pakhtunkhwa have called for including export items to the Central Asian Republics in the Web Based One Customs (WeBOC) system to boost trade. WeBOC is a system developed for the Federal Board of Revenue (FBR) and its divisions such as Customs to facilitate the ease of doing business. Exporters, importers, and customs clearing agents can use this system to file goods declarations for their export and import cargo. The SCCI has been demanding the removal of hurdles that impede trade with the Central Asian Republics (CARs). Though the FBR is reported to have taken some steps in that direction, trade with the CARs remains dismally low. The SCCI has developed a flagship project to promote trade with Central Asia and has been seeking the cooperation of the FBR and other relevant government authorities, but progress has been slow.