PAKISTAN TEXTILE EXPORTERS WELCOME NEW TAX CONCESSIONS
February 1st, 2019
GOVERNMENT moves in Pakistan to rationalise taxes, duties and other levies for exporting manufacturers have been widely welcomed by the country's textile sector.
The government has withdrawn a 3% customs duty, 2% additional customs duty and 5% sales tax on imports of raw cotton, meeting a further long-standing demand of the textile industry, besides allowing a five-year tax break for new textile manufacturing plants. Textile exporters say waiving taxes and duties on imported raw cotton will help ensure sufficient supplies of cotton in the country which is ...
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