Sept 01, 2020: FBR Takes a Significant Step to Launch an Authorized Economic Operator Program

Several initiatives have been taken by the Government of Pakistan to improve trade and business environment in the country and Authorized Economic Operator (AEO) is one of the many steps towards achieving that objective. Directed towards the purpose of launching AEO and in order to provide it legal underpinnings, Section 212A was inserted in the Customs Act, 1969 through the Finance Act, 2018. FBR has also issued AEO rules considering SRO 798 (I)/ 2020 dated 28.08.2020. The software for business process and WeBOC modules for AEO programme has already been developed and at this current point in time is ready for launching. FBR intends to start the Pilot project of the AEO programme at MCC Port Qasim (Exports) Karachi in October, 2020, which will later be extended to the import sector as well.

The World Customs Organization’s (WCO) Authorized Economic Operator (AEO) programme is one of WCO’s Framework of Standards to secure and facilitate Trade (SAFE). The programme is widely acknowledged as a key driver for a solid customs-business partnership; secure, transparent and predictable trading environment; and in a wider context economic growth.