LAHORE: The Pakistan Customs Land Freight Unit (LFU) at Wagah generated Rs 13 million in wake of duty/taxes only on the import of Indian cotton yarn during first ten months of current fiscal year 2015-16.
According to the details, Pakistan imported cotton yarn worth Rs 1,719 million from India through Wagah border during the period, while it imported the same worth Rs 1,685 million during same corresponding period of last year.
The LFU Wagah collected Rs 16 million in wake of duty/taxes during the first ten months of fiscal year 2014-15.
The import of raw cotton and cotton yarn has increased due to poor yield in Pakistan which imported millions of cotton bales from India and China to meet the demand of the local textile industry.
