Import of machinery

Import of machinery: At present Pakistan's textile sector has made considerable advances in production. Over the last ten years (1999-2010) this sector has invested more than $ 7.0 billion in modernization and higher value addition. Import of textile printing and finishing machines increased from Rs 587.85 million in 2008-09 to Rs 1.41 billion in 2009-10, thus showing an increase of 140% in terms of value. Import of textile printing and finishing machinery into Pakistan is given in Table 2.

Due to withdrawal of custom duties and taxes and introduction of concessional financing and LTFF on the import of textile machinery, the new investment in the textile sector has started coming in.