By Abdul Wajid Khan ISLAMABAD, June 07, (INP-WealthPK): The Pakistan Single Window (PSW) has signed a memorandum of understanding (MoU) with two companies for capacity building of traders and connecting them to the international supply chain to boost trade, reports WealthPK. According to the MoU signed with Trade Foresight (TF) and Trioca Ventures Private Limited (TVPL), traders and other stakeholders will be trained to use the single-window system. The partnership is meant to impart training to various groups of PSW users including traders, government officials, entrepreneurs and micro, small, and medium-sized enterprises (MSMEs), with a specific focus on women-led ventures. The PSW and TF will collaborate in designing, developing and executing training programmes, using blended learning methodologies. TVPL will provide support in developing and monitoring the programme’s key performance indicators and timely communicate to PSW any deficiency and deviation in the enforcement of the programme. The MoU marks the first collaboration between PSW and private sector firms. It is expected to extend PSW’s reach for training and capacity building initiatives to a diverse group of stakeholders in various cities. “We are excited to have entered into our first partnership arrangement with any private sector company. We believe in public and private sector collaboration for maximising PSW offering to the general public. We hope that the MoU will pave the way for a deeper and more impactful engagement with other stakeholders,” said Syed Aftab Haider, the chief executive officer of PSW. He said that PSW is also exploring the idea of developing a trade knowledge management portal to devise interactive learning modules, certifications and accredited programmes for trainers and other PSW users, who might want to have a deeper understanding of trade-related issues. It will be in addition to the PSW Trade Information Portal of Pakistan (TIPP), which provides a single access point for all import, export and transit-related information. “Encouraged by the successful launch of TIPP, we would like to take it further and provide all trade-related training courses, certifications and other knowledge products to the stakeholders on the PSW platform,” said Aftab Haider. The PSW is an initiative of the federal government with a focus on transforming the trade and industry ecosystem. The platform allows parties involved in trade and transport to file standardised information and documents at a single-entry point for all import, export, and transit-related regulatory requirements. The successful implementation of the PSW initiative will save the country around $500 million annually by transforming its international trade. The initiative will transform Pakistan’s international trade by adding great value to it. The initiative has integrated 77 government divisions and departments into a single digital platform, reducing cost and delay besides easing international trade. Aftab Haider told WeathPK that the PSW would also be integrated with other international data platforms to get a timely, reliable and authentic database for customs clearance. The system is being developed and rolled out in phases by the PSW company, which is the notified ‘operating entity for its system under the provision of the Pakistan Single Window Act, 2021. Trade Foresight is a TradeTech company striving to digitise and complete the global trade value chain. It is the owner and operator of an analytic and data-driven trade platform by the same name that connects Pakistani traders with potential buyers abroad. Trioca Ventures Private Limited (TVPL) is an Islamabad-based company, which identifies potential startups and their financing to promote them.