In this blog, we’ll take our readers through the steps required to successfully export products from Pakistan. It encompasses choosing the right product to export, going through thorough market research in order to find potential buyers, preparing necessary export documents, and finally organizing the shipment process. This post would offer a clear and simple roadmap for all those who wish to start their exporting journey.
Step 1: Pre-export preparation
- Product selection: There should be a product that is in current demand in international markets, with appropriate competitive pricing, and an acceptable profit margin.
- Market research: Conduct in-depth market research to find potential target markets, customer preferences, and competition.
- Registration of the Business: Registration under sole proprietorship, partnership, or private limited company.
- Website Development: Design a professional website so you can be online and establish credibility and visibility.
Social Media: Set up a strong presence on a relevant social media site.
Step 2: Export Ready
- Buyer Acquisition: Using the online platform, social media marketing, and networking to acquire potential buyers.
- Product Details: Provide product details such as product specification, cost, and conditions of sale.
- Draw a Performa invoice to outline details about the transaction for which preliminary commitment from the buyer is being sought.
Stage 3: Paperwork
- FIA: Obtain FIA from your banker to permit receipt of foreign exchange.
- Custom Clearing Agent: Seek professional custom clearing agent to handle the company on customs procedure.
- Freight Forwarder: Arrange shipping logistics through a freight forwarder.
- Documentation: To be filled up the following documents: packing lists, commercial invoice, bill of lading (BL), certificate of origin, and certificates including Halal, ISO, etc.
Step 4: Shipment
- Booking Confirmation: Confirmed by the freight forwarder
- Container Loading: Load the commodity in the container and arrange its transportation to the port.
- Customs Clearance Ensure that your clearing agent facilitates smooth customs clearance.
- Shipping The container will be shipped to the port of destination.
- Payment Payment will be made as agreed upon LC or even advance payment
Some Extra Tips
- Keep open and effective communication with the buyers, the clearing agent and freight forwarders.
- Ensure that you strictly comply with all export regulations and requirements.
- Join trade fairs and exhibitions by getting a network of industry professionals.
Conclusion
Pakistan offers lucrative prospects for exporters. If carried out in letter and spirit, these steps can indeed help tap international markets and expand business ventures to an optimum level by way of alluring products exclusive to this country.
