In an exciting move towards modernizing Pakistan’s trade systems, the government is pushing for a fully digital and paperless approach to cross-border trade. This ambitious plan, which aims to automate trade processes and reduce dependency on manual systems, is not just a government-led initiative. The private sector is being called upon to join forces with regulatory bodies to accelerate this transformation.
The Pakistan Single Window (PSW), led by CEO Aftab Haider, is at the forefront of this digital shift. Haider recently met with a delegation led by Asif Parvez, CEO of Galaxefi, a cutting-edge digital trade solutions company. Galaxefi stands out because it provides real-time solutions, unlike conventional systems that still rely heavily on outdated manual processes. With tools like real-time tracking, automated documentation, and streamlined logistics, Galaxefi is set to revolutionize the way Pakistan conducts cross-border trade.
Pakistan’s trade sector has long struggled with inefficiencies caused by reliance on traditional methods. This includes a significant portion of private sector activities like freight forwarding, non-vessel operating common carriers (NVOCCs), and related services that still depend on legacy systems. These outdated methods lead to delays, high costs, and lost opportunities, which hinder the country’s competitiveness in the global market.
The PSW CEO expressed strong support for companies like Galaxefi, acknowledging their role in digitizing trade. He emphasized that the government is committed to supporting private firms in automating their trade processes, a move that will improve speed, transparency, and reliability in Pakistan’s trade ecosystem.
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Despite the government’s efforts to digitize through initiatives such as Digital Pakistan, Uraan Pakistan, and PSW, a large portion of the private sector has yet to make the leap to modern technology. Around 70% of private-sector activities still rely on manual processes for post-shipment documentation and regulatory compliance. These outdated systems are a major barrier to efficiency, leading to billions of dollars in lost revenue. In a world where global competitors are rapidly adopting real-time, automated systems, Pakistan risks falling behind if it does not embrace these technological changes quickly.
To address this issue, the upcoming Pakistan Logistics and Shipping Summit (PLSS) 2025, set to be held in Karachi on February 20, 2025, will focus on modern trade technologies. This event will bring together key industry players to discuss the importance of adopting cutting-edge trade solutions and the impact of digital transformation on the future of Pakistan’s trade sector.
The transition to a fully digital, paperless trade system is not just a trend—it’s a necessity. By adopting real-time tracking, automated systems, and modern logistics tools, Pakistan can unlock new growth opportunities, reduce costs, and compete globally. The collaboration between the private sector and the government is crucial to making this vision a reality.
As the world moves towards faster, more efficient trade systems, Pakistan must act now to embrace the digital future. The partnership between companies like Galaxefi and regulatory bodies like PSW will be key to driving the success of this transformation. Through innovation, investment in technology, and the support of both the government and private sector, Pakistan’s trade landscape is poised for a major overhaul.
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