Times of Islamabad

Authorised Economic Operator Programme, PTI government launches an unprecedented economic initiative

Authorised Economic Operator Programme, PTI government launches an unprecedented economic initiative

ISLAMABAD – Authorised Economic Operator Programme, PTI government launchesan unprecedented economic initiative.

The government has launched a first-of-its-kind trade facilitation programcalled “Authorised Economic Operator (AEO)” to reduce the cost of doingbusiness.

FBR Chairman stated that the program is a great step towards tradefacilitation and ease of doing business as “red-tapism” of governmentdepartments will be replaced with “red carpet” for trustworthy businessentities, providing an enabling environment for the business community toachieve their potential.

linkSyed Shabbar Zaidi@ShabarZaidilinklink

FBR yesterday launched ‘Authorised Economic Operator’ (AEO) programdesigned to transform processes from ‘red tap’ into ‘red carpet’ forcompliant trusted traders especially the exporters. An AEO will befacilitated locally but also at destinations almost all around the world.link

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The program was chalked out in line with the best international practicesand the World Customs Organisation security standards, according to anofficial announcement issued on Friday.

He briefed the participants that initially, the AEO program will beimplemented on the export stage that will not only boost national exportsbut also play a vital role in job creation.