This was my dream to educate and train the communities of Pakistan to start their own Import Export Business from Pakistan and can be independent in their earnings.
How to start import export business in Pakistan step by step?
Starting an import-export business in Pakistan can be a great way to tap into the country’s growing economy, but it does require some planning and preparation. Here are the general steps you would need to take:
- Research the market: Before you start your import-export business, you will need to research the market to find out what products are in demand and what kind of competition you will be up against. You can use online resources such as trade statistics, market reports, and industry associations to gather this information.
- Obtain a National Tax Number (NTN) and Sales Tax Registration: You will need to register your business with the Federal Board of Revenue (FBR) and obtain a National Tax Number (NTN) and Sales Tax Registration. This is required for all businesses in Pakistan, including import-export businesses.
- Obtain a Chamber of Commerce Membership: You will need to register with the local Chamber of Commerce and Industry for obtaining the certificate of origin and other import-export documents.
- Get Export Registration Certificate (ERC) from Trade Development Authority of Pakistan (TDAP) : This certificate is required for exporting goods out of Pakistan.
- Identify potential buyers and suppliers: Once you have your business set up, you will need to find buyers and suppliers for your products. You can use online platforms such as Alibaba or Global Sources to find suppliers, or you can find local suppliers in Pakistan.
- Shipping and logistics: Arrange the shipping and logistics for your import and export business, you can use freight forwarders or shipping lines to handle the logistics.
It’s important to note that while these are the general steps, there may be additional considerations and regulations you need to take into account when starting an import-export business in Pakistan. Additionally, it’s highly recommended to research and consult with experts in this field and also to study regulations and laws related to this business.
How to start import export business in Pakistan step by step?