Govt reviews proposed EFS amendments to facilitate exporters

Pakistan is considering changes to its Export Facilitation Scheme (EFS) to make participation easier, lower exporters’ compliance expenses and retain controls against abuse. Business Recorder reported that the proposals were examined on Wednesday at the fifth session of a government committee chaired by Minister of State for Finance and Railways Bilal Azhar Kayani.

The review covered exporter categories, the duration of approvals, access for new and existing participants, security rules and a clearer process for compliant businesses. Under the EFS, eligible firms can bring in production inputs and machinery without paying specified taxes in advance, on condition that the goods are used to make exports. The proposed revisions are also intended to support investment and domestic value addition, while keeping concessions tied to actual export performance; officials and exporter representatives will continue consultations.