Weeks after Amazon added Pakistan to its sellers’ list, the country’s central bank has proposed a fresh framework for easing the exports of Pakistani goods on global digital market platforms. The State Bank of Pakistan has issued a statement, saying the changes have focused on modernizing foreign exchange regulations, and increasing exports of goods on digital platforms.
  
“The key amendments proposed include a framework for facilitating Pakistani exporters to sell their products through international digital marketplaces including Amazon, e-Bay and Ali Baba under business to business to consumer (B2B2C) e-commerce model," the central bank said in a statement. 

One of the key changes suggested in the plan is the implementation of the Pakistan Single Window project, eliminating the existing multiple regulations, Dawn said. 

"Regulatory approvals required from SBP have been proposed to be delegated to banks to facilitate the business community. The proposed changes are a part of SBP’s broader agenda to revise existing foreign exchange regulations to align them with the changing market dynamics, business needs, and global trade practices," the central bank said.

(SAM)