Summary At least 110 factories are shut at the time, says association chairman
LAHORE (Dunya News) – All Pakistan Textile Mills Association (APTMA) has demanded the government to wave off customs duty on cotton imports while provision of five percent rebate on textile products export, Dunya News reported Wednesday.
The association has put forth the demands in light of low cotton production. Currently the importers are paying three percent customs duty on cotton. The association has also demanded a five percent rebate on export of textile products.
The textile mills association Chairman Tariq Saud said that at least 110 factories are shut at the time.
He said that as many as 40 mills could open on immediate basis if the government imposes ten percent duty on import of artificial yarn and clothes.
He further said that the act would increase government’s finances.
