On behalf of Pakistan Customs, the Pakistan Single Window (PSW) Company has signed an agreement with blockchain-based logistics platform TradeLens, looking to digitise import-export documentation of containerised cargo moving in and out of the country.
The country’s authorities are looking to reap the benefits of digitising supply chains for efficiencies, enhanced transparency and data-driven decision making.
Shaukat Tarin, advisor to the Prime Minister of finance and revenue, said: “Our government is committed to bring ease of doing business for the importers and exporters of Pakistan. We are making a determined effort to move away from complex, manual, paper-based documentation towards digital solutions that drives value for trade.
“Joining the TradeLens platform is allowing us to enhance our ecosystem in a way that all the involved stakeholders get access to a transparent and secure platform that makes processes more efficient.”
TradeLens, which is a neutral platform founded by Maersk and IBM, which is now supported by five of the six largest ocean carriers globally.
It brings together data from the entire global supply chain ecosystem including shippers and cargo owners, 3PLs and freight forwarders, intermodal operators, customs and government authorities, and ports and terminals.
The data allows the partners to provide their customers with deeper visibility into the entire journey for their cargo from origin to destination and reduce uncertainty allowing for better planning and reduced inventory costs.
Marvin Erdky, head of TradeLens at IBM, commented: “The growth of the TradeLens’ network is evidence that participants from all across the supply chain ecosystem can derive significant value through digital collaboration.
“Pakistan now joins an increasing number of connected Customs Authorities on the TradeLens platform exploring innovative solutions to enhance global trade access and enhance process efficiencies for all involved.”
In today’s complex cross-border containerised supply chains, it is not uncommon for 30 independent parties, 100 people and up to 200 exchanges of information to be connected to a single shipment.