Pakistan’s new national single window customs portal, which allows traders to submit and access all relevant documents relating to a trade via a single electronic gateway, is to integrate with its Chinese counterpart after the customs authorities in the two… Read More ›

Pakistan
UAE added and Pakistan kept on FATF grey list
The UAE is the only new jurisdiction to have been put on the Financial Action Task Force (FATF) ‘grey list’ of countries at the global financial watchdog’s plenary meetings last week. The emirates are now actively working with the task… Read More ›
Pakistan first country in the region to join Tradelens to strengthen TBML controls
Pakistan Customs has become the first authority in the region to sign an agreement with TradeLens, a blockchain-underpinned logistics platform supported by five out of six of the world’s largest ocean carriers to digitise import-export documentation of containerised cargo. Jointly… Read More ›
Single window customs portal expected to curb TBML in Pakistan says former finance minister
Pakistan’s new national single window customs portal, which allows traders to submit and access all relevant documents relating to a trade via a single electronic gateway, is expected to curb trade-based money laundering (TBML) according to a former finance minister…. Read More ›
No evidence of under-invoicing by Pakistan’s MG car importer
No evidence of under-invoicing in favour of the importer of MG cars into Pakistan has been found by the country’s Federal Bureau of Revenue (FBR) after its six month investigation into the importer and the vehicles’ Chinese manufacturer. Originally one… Read More ›
Pakistan’s MG car importer denies TBML allegations
The importer of MG cars into Pakistan has denied allegations of trade-based money laundering (TBML) as his company seeks to establish a market position in Pakistan. Originally one of Britain’s leading car marques and now ultimately owned by Chinese state-owned automotive giant… Read More ›
Comprehensive strategy for under-invoicing needed in Pakistan
Under-invoicing of imported goods is a huge challenge to Pakistan’s economy that requires serious attention and a comprehensive strategy, according to senator Mirza Muhammad Afridi. Chairing a meeting of the senate standing committee on commerce and textiles, Afridi said that… Read More ›
Calls for Pakistan’s FBR to clampdown on trade-based financial crime
Business leaders in Pakistan are calling for the Federal Board of Revenue (FBR) to seriously address a wide range of trade-based financial crimes. Pakistan Ships Agents Association and former vice president of the Federation of Pakistan Chambers of Commerce and… Read More ›