KARACHI The government has revised the duty drawback rates for towel sector allowing enhancement with effect from March 31, 2011, Towel Manufacturers Association (TMA) spokesman Muzammil Husain said on Thursday. Following coordination with IOCO (Input-Output Coefficient Organization), TMA had been working for enhancement of duty drawback rates of terry towel for the last two years and conducted requisite survey of various factory premises by the IOCO team and collection of all relevant data provided to IOCO team and preparation of work sheets based on the data collected were submitted in F.B.R for their final approval. Finally, F.B.R gave its approval vide SRO No.4(KE)2011 dated 31.03.2011 wherein it has allowed duty drawback rates on cotton/polyester blended towels bleached and cotton/polyester towels partly or fully dyed or printed first time. As per SRO the FBR has allowed 0.71 per cent drawback on cotton towels (bleached) fully white instead of 0.44 per cent, 1.88 per cent on cotton towels partly or fully dyed) instead of 1.08 per cent while 0.88 per cent on cotton polyester blended/ bleached and 2.29 per cent drawback has been allowed on cotton/polyester blended fully dyed or printed. If FBR had issued SRO early, exporters of towel might have more benefited and subsequently fetched more badly needed foreign exchange for the country, said Chairman, TMA, Syed Usman Ali.