Islamabad:The fifth meeting of the Prime Minister's Committee to Review the Export Facilitation Scheme took place in Islamabad today, chaired by Minister of State for Finance and Railways Bilal Azhar Kayani.

According to Radio Pakistan, the committee reviewed proposed amendments aimed at making the Export Facilitation Scheme (EFS) simpler, more predictable, and responsive to exporters' operational needs while enhancing risk-based oversight.

The meeting focused on reducing compliance costs and export-related overheads, facilitating new investments and local value addition, and ensuring that concessions are tied to genuine export performance. The Minister of State emphasized uniform application of eligibility requirements and procedures, with no exemptions allowed.

Further discussions involved simplifying exporter categorization, rationalizing authorization periods, and improving access for new and existing exporters. The aim is to facilitate compliant exporters, introduce a transparent mechanism, and streamline security requirements while maintaining safeguards against misuse. The proposed amendments seek to promote export growth and ensure the scheme remains responsive to exporters' needs.

The Minister also highlighted the importance of simplifying procedures without compromising revenue safeguards and reiterated the government's commitment to ongoing consultations with exporters and trade bodies.