The Pakistan Single Window (PSW) Company has signed an agreement with the blockchain logistics platform TradeLens, on behalf of Pakistan Customs, to digitise import-export documentation of the containerised cargo moving in and out of the country.
In this way, PSW, the initiative of Pakistan’s federal government with a focus on transforming the trade and industry ecosystem, is supporting Customs in modernising documentation through a secure, paperless and digital solution to strengthen its controls against trade-based money laundering.
“Our Government is committed to bring ease of doing business for the importers and exporters of Pakistan. We are making a determined effort to move away from complex, manual, paper-based documentation towards digital solutions that drives value for trade” commented Shaukat Tarin, advisor to the Prime Minister on Finance and Revenue.
“Joining the TradeLens platform is allowing us to enhance our ecosystem in a way that all the involved stakeholders get access to a transparent and secure platform that makes processes more efficient,” added Tarin.
PSW integration with TradeLens is expected to help Pakistan Customs and other trade regulators through the platform, while the immutability of blockchain-underpinned document information is important in the identification of illegal activities, as well as, improving the smooth operation of legal trade.
“Pakistan now joins an increasing number of connected Customs Authorities on the TradeLens platform exploring innovative solutions to enhance global trade access and enhance process efficiencies for all involved,” noted Marvin Erdly, head of TradeLens at IBM.
