Pakistan climbs on Trading Across Border Index
FBR’s reforms help country jump from 142nd to 111th place
PHOTO: AFP/FILE
ISLAMABAD:
Pakistan has managed to improve its place by 31 spots on the Trading Across Border Index as the ranking jumped from 142nd to 111th, a major achievement towards ensuring ease of doing business.
The Federal Board of Revenue (FBR) made trading across borders easier by focusing on three crucial areas - enhancing the integration of various agencies with the Web-Based One Customs (WeBOC) electronic system; reducing the number of documents required for import/ export clearances; and enhancing capacity of Pakistan Customs officials for playing a proactive role in smoothly regulating border trade.
Pakistan climbs 28 spots on Ease of Doing Business index
FBR has made trading across borders easier SAMAA | Press Release - Posted: Jan 19, 2021 | Last Updated: 3 months ago SAMAA | Press Release Posted: Jan 19, 2021 | Last Updated: 3 months ago
Photo: File
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Pakistan climbed up 31 positions in the Trading Across Border Index, which enabled the country in jumping up 28 places, from 136th to 108th, in World Bank s Ease of Doing Business 2020 , a press release said on Wednesday.
Pakistan has improved from 142nd to 111th on the rank of the Trading Across Border Index, which helped it improve its ranking in the WB s Ease of Doing Business index.
Pakistan improves on Trading Across Border Index ranking: FBR
By
A Federal Board of Revenue office. APP/File
ISLAMABAD: In a major achievement towards ensuring ease of doing business, Pakistan has improved 31 positions, from 142nd to 111th, on the Trading Across Border Index, Federal Board of Revenue (FBR) said on Tuesday.
The board has made trading across borders easier by focusing on three crucial areas, including enhancing the integration of various agencies in the Web-Based One Customs (WEBOC) electronic system; reducing the number of documents required for import/export clearances; and enhancing capacities of Pakistan Customs officials for playing pro-active role in smoothly regulating border trade.
ADB lends €166mn to China to improve conditions along Inner Mongolia border
ADB approved the $420 million multitranche financing facility (MFF) to improve economic opportunities and living conditions among communities along the border between the IMAR in the PRC and Mongolia on 21 October 2020.ADB | Manila | Updated: 11-12-2020 10:57 IST | Created: 11-12-2020 10:57 IST
Representative Image Image Credit: ANI
The Asian Development Bank (ADB) and the Government of the People s Republic of China (PRC) have signed a loan agreement and project agreements for the Inner Mongolia Sustainable Cross-Border Development Investment Program Project 1 totaling €166.53 million (about $200 million).
Signing for ADB today was People s Republic of China Resident Mission Country Director Yolanda Fernandez Lommen while PRC Deputy Director-General of Finance Han Bin and designated officials from the Inner Mongolia Autonomous Region (IMAR), including Chairman of IMAR government Bu Xiaolin, mayors