APTMA FBR the GST rate from 17% to 6% on yarn and 4% GST

Upon successful negotiations with All Pakistan Textile Mills Association (APTMA), the Federal Board of Revenue (FBR) has reduced the GST rate from 17% to 6% on yarn and 4% GST will be levied on dyed fabrics for un-registered persons. FBR has also agreed to withdraw 2.5% special excise duty (SED) on textile sector, continuation of zero-rating for export sector.