Industry welcomes zero-duty on textile machinery imports
September 29, 2009 - Pakistan
The textile sector has welcomed the decision of the federal government to impose zero duty on imports of textile machinery and equipment. This is one of the first measures that have been implemented, since the announcement of the textile policy.
Zubair Motiwala, Advisor to Sindh Chief Minister said that, “The implementation of the Textile Policy in full spirit will help the textile industry to get back on its feet and the country will be able to compete with its rivals in international textile market”.
He added by saying that, “Due to extreme pressure on textile exporters and high overheads, Pakistan was unable to compete even against Bangladesh, which exported clothing and apparel worth $11 billion”.
Other experts of the sector also hailed the announcement and said that, zero-rating of textile machinery and other export-oriented items was an old demand of the industry and that this step has increased the trust of the industry stakeholders in the government.