E-custom clearance system installed in Gwadar Free Zone
Now all foreign and local companies already registered or to be registered in Gwadar Free Zone will observe a phenomenal growth of their businesses enjoying paperless, ultra-fast, cost-effective and transparent processes and procedures.
It will be an impetus to foreign investors always asking for the activation of E-custom functionality in Gwadar Free Zone. After fulfilling the prerequisite, foreign investment is highly likely to come, which is desperately needed for the struggling Pakistani economy in the current scenario.
The game-changing e-initiative aims to facilitate companies in Gwadar Free Zone to get integrated with Gwadar Port, customs, NLC, FBR, banking channels and other institutions to increase efficiency and reduce the time taken for processing in various departments.
WeBOC in Gwadar Free Zone will help with the automation, standardisation and harmonisation of all trade procedures and logistic services related to land, air and sea routes under the Pakistan Single Window (PSW).
China Overseas Port Holding Company (COPHC) official said that investors and operators of the Free Zone have hailed the development as a watershed moment in the progress of Gwadar Free Zone. “It will increase the efficiency of consignment processing,” they added.
