Small businesses often face challenges in securing payment transactions, especially in international trade. A trusted payment method that can mitigate risks and ensure timely payments is crucial for their success. This is where a Letter of Credit can come in handy. A Letter of Credit is a payment method that assures both the buyer and…
As a business owner, one of the biggest challenges you may face is finding buyers for your export business. Your business will need a reliable customer base to grow and expand into new markets. The process of finding buyers can be time-consuming and frustrating, but it is ultimately essential to the success of your business.…
Cryptocurrency has been making waves in the financial industry for the past decade, and more than 2,000 digital currencies are now available on the market. With the recent explosion of cryptocurrency and its technology, blockchain, investors, entrepreneurs, and corporations have begun to embrace the potential of a new currency and question its potential to reshape…
As the business world evolves, entrepreneurs need to stay informed to stay competitive. Understanding and incorporating new technologies and trends are essential in the modern age. In the next several years, many of these technologies and trends will be essential to the success of new enterprises. This blog post will discuss some of the best…
Pakistan is a land of opportunity for import export businesses. The country has a large population, a growing economy, and a strategic location. Import export business plays a vital role in the economy of Pakistan. Handling financial transactions could be difficult for some importers and exporters. A financial transaction requires a reliable source like a…
Every entrepreneur wants to expand and grow their business. When it comes to developing your business with new market strategies, search engine optimization (SEO) is one of the most valuable & effective strategies. It’s not a new concept, but it has proven to be one of the most effective ways of increasing website traffic. Search engines…
E-commerce is a platform that facilitates you to run your online business in a developed manner. This medium allows you to monitor and control your business activities at your fingertips. It has become so common in today’s world that every person who starts their business considers it. It is an essential part of the business…
HS code is very important if you want to import or export products because it will help determine the customs duty and taxes. Normally you can get the HS code from your supplier if you import a product, and if you are trying to analyze the product for import or export, you have to find…
2020 has brought with it a serious problem in the form of COVID-19, commonly known as coronavirus disease, which has damaged the economies around the world. The virus has killed more than 60,000 people so far and it is still spreading rapidly in the different countries of the world. The coronavirus has affected the economy…
Tax collection is very important to run the economy of the country that’s why every business needs to have a sales tax registration number. You cannot file a sales tax return if you don’t have a sales tax registration certificate. You can register the sales tax number with the FBR (Federal Board of Revenue). After the…
To file GD in WeBOC account is compulsory in the import export business. WeBOC is a great platform provided by the FBR to facilitate traders, agents, and customs officers. WeBOC has made the GD filling process fast and simple, and the container tracking very easy. The manual method of filling GD is no longer working.…
Starting a shipping company requires a lot of hard work and hard money of course. To start a shipping company you will need a lot of hard cash, to be precise more than $200 million of course. Why start a shipping company? We live in a universal society where goods and products are the most…
After making the export decision, you have to decide where to export the product? Sometimes the process is easy due to the obvious demand from a particular market or because the businessman has certain connections that help to create the right conditions for selling as an exporter. But if none of these situations exist, how…