Customs duty on imported textile machinery withdrawn

The Federal Minister for Finance Senator Mr. Shaukat Tareen took a decision to withdraw customs duty on import of textile machinery and equipment. Mr. Muhammad Mansha Churra, Acting President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) lauded this decision, as zero-rated duty on import of textile machinery was the major demand of Pakistan textile industry. The industry has been facing several problems, such as steep fall in exports of textile products and expansion in the sector has totally halted to a stop.