ISLAMABAD: The Prime Minister’s Committee to Review the Export Facilitation Scheme convened its fifth meeting today, chaired by Bilal Azhar Kayani, the Minister of State for Finance and Railways. The session focused on evaluating proposed amendments aimed at simplifying the scheme, strengthening oversight, and making it more beneficial for exporters.

According to Radio Pakistan, the Committee examined changes intended to lower compliance costs and export-related overheads while enhancing new investment and local value addition. The discussions highlighted the importance of linking concessions to genuine export performance and applying eligibility requirements and procedures uniformly, without exemptions.

Amendments under review included simplifying exporter categorization, rationalizing authorization periods, and improving access to the scheme for both new and existing exporters. The Committee emphasized the introduction of transparent mechanisms and streamlined security requirements to support compliant exporters while safeguarding against misuse.

The Minister of State reaffirmed the Government’s commitment to maintaining revenue safeguards while simplifying procedures. He emphasized ongoing consultations with exporters and trade bodies to ensure the scheme remains responsive to their needs and continues to promote export growth.