The Government, through Presidential Ordinance, must abolish all duties and taxes and allow duty free import of Cotton yarn which is the raw material of value-added textile sector in order to sustain and achieve milestone in enhancement of exports. Government should also place ban on export of cotton yarn of… Continue reading

FPCCI appreciates PM Imran Khan for removing 5% regulatory duty on import of cotton yarn on FPCCI’s recommendation

Karachi (PR) Mian Anjum Nisar, President “The Federation of Pakistan Chambers of Commerce and Industry” (FPCCI) said the decision of the withdrawal of 5% regulatory duty on the import of cotton yarn will greatly support the textile sector of Pakistan and will contribute to the economic stability of the country…. Continue reading

5.0% regulatory duty on cotton yarn import abolished

KARACHI: The government has abolished five percent regulatory duty on yarn import amid anticipated shortage of the industrial input on falling cotton output in the country. The Economic Coordination Committee (ECC) of the cabinet decided to remove the regulatory duty on import of cotton yarn till 30 June next year… Continue reading

Government withdraws RD exemption on cocoa powder, cotton yarn, iron & steel

KARACHI: The Federal Government has withdrawn regulatory duty (RD) exemption available on the import of cotton yarn, iron and alloy steel, which would now be subject to statutory rate of regulatory duty, has learnt. These withdrawals would fetch around $15 million in a year SRO 614(I)/2016 has withdrawn regulatory… Continue reading