How To Start Import and Export Business in Pakistan?

First of all, I would like to you thanks to my readers who liked my posts and give them the inspiration to write the other article regarding this topic.

Let's come to the topic of How to Start Import And Export Business in Pakistan, Nowadays export & Import license is no more required to do export & import Business in Pakistan. Only the following initial documents are required to export:

How To Start Export Business in Pakistan

1) NTN

Get your company‘s NTN(National Tax Number) Certificate, which is issued by the Income Tax Department on the filing of the application form accompanied with one attested copy of NIC. Click here for Online NTN Registration.

2) Sales Tax Registration

The commercial exporter is not required to register with the Sales Tax Department. But if you pay the sale tax on the goods from a local market it will be better for you to get yourself registered with the sales tax department so that you may claim your input tax deducting on your purchases. Once you are registered in the sales tax department you will be obliged to the monthly sales tax return irrespective of the fact that you have been involved in any sales tax activity or not.

3) Bank Account

A current Bank Account is required for export proceedings and documents.

4) Chamber Membership

A membership certificate of the Chamber of Commerce and Industries or any relevant trade association is required.

5) Documents For Clearing Agent

Once the consignment, to be exported arrives at the port, usually, a clearing agent service is sought. The following documents are required to provide to the clearing agent to clear the consignment.

  • i) Packing List.
  • ii) Commercial Invoice.
  • iii) Letter of Credit (L/C).
  • iv) Certificate of Origin which is issued by the Chamber of Commerce.
  • v) National Tax Number Certificate.

7) Submission of Export Documents to the bank.

All shipping documents covering goods exported from Pakistan and declared on form „E‟ must be passed through the medium of the bank within 14 days from the date of shipment. The exporter must submit the shipping documents, invoices, etc., to the bank.

(Note: Now in Pakistan Form-E Issues Electronically in WeBoc System, Therefore no need to physically submit Form-E )

How To Start Import Business in Pakistan

1) NTN

Get your company‘s NTN(National Tax Number) Certificate, which is issued by the Income Tax Department on the filing of the application form accompanied with one attested copy of NIC. Click here for Online NTN Registration.

2) Bank Account

A current Bank Account is required for import proceedings and documents.

3) Sales Tax Registration

Sales Tax Registration is required to import into Pakistan. For registration, Form ST-1is required to send to the local sales tax registration office via post with acknowledgment due (courier is preferable). The local registration office shall transmit filled up applications to the Central Registration Office based in CBR Islamabad. The previous requirements of furnishing supporting documents have been done away with now there is no need to attach any document with the application. The Central Registration having online access to the database of NTN as well as of NADRA shall verify the particulars declared in the application with the database. On verification, it shall generate and issue a registration certificate to the applicant directly at his given address.

4) Chamber Membership

Membership certificate of Chamber of Commerce and Industries or any relevant trade association of Pakistan.

Location: Multan, Punjab, Pakistan

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