The fifth meeting of the Prime Minister's Committee to Review the Export Facilitation Scheme was held in Islamabad today, with Minister of State for Finance and Railways Bilal Azhar Kayani in the chair.

During the meeting, the Committee reviewed proposed amendments to make EFS simpler, more predictable, and responsive to exporters' operational requirements, while strengthening risk-based oversight.

The review seeks to reduce compliance costs and export-related overheads, facilitate new investment and local value addition, and ensure that concessions are linked to genuine export performance.

The Minister of State emphasized that eligibility requirements and prescribed procedures must be applied uniformly, with no exemptions.

The Committee further reviewed the proposed amendments to the EFS, with particular emphasis on simplifying exporter categorization, rationalizing authorization periods, and improving access to the scheme for new and existing exporters.

The discussions also focused on facilitating compliant exporters, introducing a transparent mechanism, and streamlining security requirements while maintaining appropriate safeguards against misuse. The proposed revisions aim to reduce compliance costs, encourage new investment, promote export growth, and ensure that the scheme remains responsive to the needs of the exporting community.

The Minister of State stressed the need to simplify the relevant procedures without compromising revenue safeguards and reiterated the Government's commitment to sustained consultations with exporters and trade bodies.