Proper planning and scheduling, selection of good service providers, training of staff and complete documentation are the essential elements for managing cost component during international trade transactions. TAQ Organisation Manager Corporate Development Faquir Ullah Sabir opined this while addressing the participants of a workshop on “Efficient Logistics for Reducing Cost in International Trade” held at the Trade Development Authority of Pakistan (TDAP), Lahore here on Monday. Global Research Facilitation Council Vice President Rizwan Ahmed talked about the importance of logistics. “Business community could foster fast results by manipulating rapid and express logistics which save time and cost of the businessmen,” he added.