Official sources told Business Recorder that as a process of periodic review of the import and export regulations and procedures, the private and public sector stakeholders pointed out certain anomalies and improvements in the regulatory provisions. Besides, the Prime Minister''s Office on submission of summaries for waiver of certain provisions of IPO and EPO on case- to-case basis directed/suggested to incorporate amendments in the policy order.
The sources said re-export of imported goods in their original and unprocessed form is allowed in the Export Policy Order (EPO) subject to certain conditions. Pakistani exporters/ entrepreneurs are engaged in the following types of trading activities which complement exports and earn profits in foreign exchange: (i) supply part of shipment from domestic production and the remaining part by sourcing from other countries; (ii) sourcing the entire shipment from a third country and re-shipping from the Pakistani ports to the foreign buyers without getting it cleared for domestic consumption; and (iii) sourcing from third countries and supplying directly to the foreign buyer without bringing it to Pakistani ports.
Commerce Division had also sought removal of following regulatory anomalies in the Export Policy Order: (i) Export of tobacco and tobacco products. Under the Pakistan Tobacco Board (BTB) Ordinance 1968, the export of tobacco and its products is subject to licence issued by the PTB but is not mentioned in the Export Policy Order.
