ISLAMABAD, (APP): Karachi Cotton association has demanded the government to cut three percent tax on imports due to low prduction of crop in the country in this season.
Textile mills are facing problems due to lower production of cotton this season.
Association concerned has demanded the authorities to cut two percent
import duty and one percent regulatory duty on cotton import, private news
channel reported.
Lessened duty will decrease the production cost at the mills.
Pakistan’s exported products will benefit in the international market owing to lessened manufacturing cost.