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FBR withdraws 5pc regulatory duty on cotton import

In compliance with the government’s decision, the Federal Board of Revenue (FBR) has withdrawn five per cent regulatory duty on the import of cotton yarn.The Economic Coordination Committee (ECC) of the federal cabinet in a meeting held on December 2 had approved the removal of regulatory duty on import of cotton yarn.The Ministry of Commerce had presented a proposal before the ECC in this regard.

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