ST, duty exemptions on imported cotton, yarn being withdrawn, Aurangzeb tells NA

Govt Withdraws Sales Tax Exemption on Imported Cotton Yarn

ISLAMABAD: The federal government has officially withdrawn sales tax and duty exemptions on imported cotton and yarn, aiming to strengthen domestic cotton farming and revive Pakistan’s textile sector. Finance Minister Muhammad Aurangzeb announced during his concluding speech on the Finance Bill 2025-26 in the National Assembly. He said that previous policies had allowed exporters to import raw materials, including cotton and yarn, free of taxes …

ST, duty exemptions on imported cotton, yarn being withdrawn, Aurangzeb tells NA

ISLAMABAD: Finance Minister Muhammad Aurangzeb informed the National Assembly on Monday that the government has decided to withdraw sales tax and duty exemptions on imported cotton and yarn to support local cotton farmers and revive the domestic textile industry. In his winding-up speech on the debate on the Finance Bill 2024-25, he said the government had introduced an export facilitation scheme several years ago that allowed exporters to impor…