Home / Knowledge / News / Textiles / Pakistan imposes 2% duty on import of cotton, yarn
Pakistan imposes 2% duty on import of cotton, yarn
11
Jul '18
Pakistan imposes 2% duty on import of cotton, yarn
A 2 per cent customs duty was recently imposed by Pakistan’s Federal Board of Revenue (FBR) on import of cotton and yarn to encourage use of the local crop and save foreign exchange reserves. The duty goes into effect from July 15. The board also withdrew exemption of additional customs duty on import of basic raw materials for the textile industry.

The country spent foreign exchange of around $915 million on importing raw cotton between July 2017 and May this year, showing a rise of around 20 per cent, according to Pakistani media reports.

Cotton output grew 11.8 per cent to 11.935 million bales in fiscal 2017-18. Cotton production was 10.671 million bales during fiscal 201-17. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Jun 2020

Follow civil society approach in EU textile strategy: MEPs

A group of 53 members of the European Parliament has written a letter ...

Pic: Shutterstock

Apparel/Garments | On 6th Jun 2020

Cambodia postpones indemnity pay in garment-footwear units

The Cambodian labour ministry recently announced postponing the...

Pic: Shutterstock

Textiles | On 6th Jun 2020

India-Bangladesh land-route trade resumes in West Bengal

After Indian traders agreed to create a pool of truck drivers, who...

Interviews View All

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search