Islamabad, Aug 29: According to the recently issued PSW Assessment report, Pakistan Single Window (PSW) declared a profit or surplus revenue of Rs. 135 million in the financial year 2022–23, as opposed to the losses of Rs. 177 million reported in 2021–22.
Despite being a non-profit organization, PSW functions similarly to a corporation. In its first two years of operation, PSW has been able to produce excess income and savings. This excess may increase as the number of subscribers rises and customers get more accustomed to an automated trading process.
Over 82,000 users are currently utilizing the many services provided by the digital integrated platform for international trade. PSW levies a subscription fee of Rs. 500. A goods declaration fee, which ranges from Rs. 500 to Rs. 1,000, is further levied on shipments up to Rs. 10 million.
Future projects are planned by PSW, either with funds from donors or internally. The organization will only be able to sustain itself if it can continue to make enough money to pay back loans and maintain operational costs.Since PSW is non-profit, all profits are saved for upcoming initiatives.
Based on an analysis of the money received from subscription fees and the functional expenses that are necessary to operate PSW, the evaluation team has determined that PSW has recently achieved financial sustainability. As long as it can continue to cover its operating costs, it will remain sustainable.
