Dr Mirza Ikhtiar Baig, Federal Advisor on Textiles, has welcomed notification relating to withdrawal of custom duty on import of textile machinery and equipment through SRO No 1/2009 dated 19th September 2009.

Import of textile machinery has been made zero rated in the Textile Policy announced but the Finance ministry intended to withdraw the custom duty from 1st January 2010 in view of revenue targets.

It may be noted that Dr Baig had been calling on both Finance Minister and Chairman FBR to explain that the industrial growth was impossible unless custom duty on textile machinery was withdrawn which would provide much needed job opportunity in the country. He also thanked Chairman FBR and Member Custom for expediting the process and issued the notification before Eid to save heavy demurrage on the textile machinery already arrived at the port.