ISLAMABAD (APP): A comprehensive package is being implemented to improve performance of textile sector, the textile ministry spokesperson said on Wednesday. While talking to Radio Pakistan, he said that under the package, seven percent duty drawback is being provided on garments and six percent on made-ups. Processed Fabric is getting five percent and Yarn and Greige Fabric is getting four 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 He said that customs duty and sales tax on cotton imports have also been withdrawn while there is zero rating of textile machinery imports.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.
