Duty-free machinery imports for textile firms in Pakistan

11/06/2014
Two textile associations in Pakistan, the Textile Exporters Association (PTEA) and the All Pakistan Textile Mills Association (APTMA), have applauded the federal government’s budget for fiscal year 2014-15, which will run from July this year until June next year.

They said the budget is pro-investment and pro-textile industry.

Textile-specific measures the budget contains include a long-term financing package to help textile manufacturers invest in new technology and a new duty-free arrangement for imports of textile machinery for the next two years.