Comprehensive package being implemented for textile sector

ISLAMABAD: A comprehensive package is being implemented to improve performance of textile sector.

Talking to Radio Pakistan, spokesperson for the Textile Ministry has said that under the package, seven percent duty drawback is being provided on garments and six percent on made- ups. Processed Fabric is getting 5 percent and Yarn and Greige Fabric 4 percent duty drawback.

He said that customs duty and sales tax on cotton imports have also been withdrawn while there is zero rating of textile machinery imports.

He said sales tax of five export oriented sectors textile, leather, sports, goods, surgical goods and carpet has been made part of the zero rated tax regime.

The spokesperson said that facility of duty free imports of textile machinery will continue while the mark-up rates on Export Refinance Facility have been brought down to 3 percent.