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Related Keywords: benefit garment sector, cotton yarn, fabric commercial and value addition sector exporters, facing 10 percent regulatory duty on import, import of cotton yarn, Pakistan Apparel Forum, Pakistan government, reduction in regulatory duty

Pakistan government likely to consider reduction in regulatory duty on the import of cotton yarn to benefit the garment sector as the cotton yarn, fabric commercial and value addition sector exporters are now facing 10% regulatory duty on imports from November 1, 2015, a source in the Ministry of Finance has hinted.

The performance of value addition by woven garments sector is 846%, hosiery/knit garments 616% and spinning sector is 59%.

Related Keywords: APTMA, Export Re-Finance Facility rate, ginning and spinning sectors, grey and processed fabric, import of cotton yarn, impose ten percent regulatory duty, Pakistan government, promotion of tax culture, qualify for Long Term Finance Facility, reduced by one percent

After a meeting between Finance Minister Ishaq Dar and a delegation of the All Pakistan Textile Mills Association (APTMA) led by its Chairman Tariq Javed on Saturday, announced the decision of imposition 10 percent regulatory duty on import of cotton yarn and grey and processed fabric from November 1.