The government is exploring revisions to the Export Facilitation Scheme (EFS) to lower exporters’ operating costs and simplify regulatory procedures while safeguarding public revenue.
Minister of State for Finance Bilal Azhar Kayani chaired a session of the Prime Minister’s Review Committee on the scheme, where participants examined recommendations aimed at making the facility more accessible to exporters and extending its benefits to both newly established and existing businesses.
The committee discussed streamlining the various exporter categories and reassessing the validity periods of permits granted under the scheme.
Other proposals focused on offering additional support to exporters who comply with regulations, alongside making security requirements more straightforward and transparent.
The government also intends to motivate exporters to undertake new investments and expand value addition within Pakistan.
Kayani stated that access to facilities under the scheme would be determined by exporters’ actual performance. He emphasised that all exporters would be required to follow the prescribed regulations.
He further maintained that the government would balance the provision of export-related facilities with the need to protect public revenue.
Participants also reviewed measures to strengthen monitoring and prevent any misuse of the scheme.
