A new yet comprehensive package is being implemented to enhance the overall performance of the textile sector in Pakistan. While speaking to the media officials the official representative of textile ministry of Pakistan said that in this package about 7% duty drawbacks is being provided on garment and about 6% on the made ups.
Processed fabric is also getting 5% and the Greige Fabric and yarn with 4% duty drawback.
He further said that the sales and duty tax on the import of cotton has also been withdrawn while there is a 0 (zero) rating for export of textile machinery. 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 official also said that the facility of duty free imports of the textile machinery will also continue while mark-up rate on the export refinance facility has also been decreased to about 3%.
