Islamabad, Jan 26: The government has revised two significant parliamentary acts, empowering the commerce minister to grant one-time exemptions for importing and exporting goods, including vehicles, without requiring federal cabinet approval.
These changes, introduced through the Imports and Exports (Control) Amendment Act 2023 and the Trade Organisations (Amendment) Act 2023, took effect following their approval by President Asif Ali Zardari.
Under the new amendments, the commerce minister can now issue written notifications to permit the import, re-import, export, or re-export of goods on a case-by-case basis. This authority bypasses existing prohibitions and restrictions, aiming to enhance trade facilitation. Previously, such approvals, especially for vehicle imports violating the Import Policy Order, required a lengthy process involving cabinet approval.
The commerce ministry supports this shift, emphasizing its potential to reduce bureaucratic delays and simplify the process for businesses and individuals seeking exemptions. By centralizing this authority within the ministry, decision-making is expected to become more efficient, fostering a more dynamic trade environment.
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Further changes to the Trade Organisations Act 2013 have transferred additional regulatory powers from the federal cabinet to the commerce division. The commerce secretary and the Director General of Trade Organisations now oversee operational and policy matters for trade bodies, such as chambers of commerce and industries. This move aims to ensure effective nationwide management of trade organisations.
The tenure of trade organization office bearers is now two years, ensuring leadership continuity. Upcoming elections will follow this new framework.
Parliament passed these amendments in 2023, but former President Dr. Arif Alvi delayed them, opposing cabinet power delegation to one minister. Despite resistance, the amendments are now law, reshaping Pakistan’s trade management.
These reforms reflect the government’s commitment to streamlining trade policies, boosting efficiency, and empowering the commerce ministry to address challenges proactively.
