ISLAMABAD - Negotiations between the government and business community over the issue of imposition of 17 percent General Sales Tax (GST) on textile sector ended on a positive note, as former agreed to continue zero rating for the export sector however it would impose few taxes on several commodities. Issues were resolved in long hours meeting between Federal Minister for Finance and Economic Affairs Abdul Hafeez Shaikh and business community. According the sources, Government has agreed with the business community to continue zero rating facility for textile sector and zero per cent Federal Excise Duty, however it will impose withholding tax of one percent on this sector, six per cent tax at yarn and four percent tax at dyed fabric. He also added that this scheme would be only for registered entities, companies and exporters. Sources disclosed that government would issue notifications in this regard on Monday. Meanwhile, duty on import of raw materials would also remain zero. It might be mentioned here that the government has withdrawn zero rating facility on export oriented sectors through presidential ordinance on March 15, however the business community resisted on it, as this could produce problem of huge tax refunds. Business community in the meeting demanded of the government to provide some relief to them, as they were already facing unfriendly situation in the country. They were of the view that the government had increased problems for them through Presidential Ordinance. They added that government should curtail their expenditures rather than putting additional taxation burden the masses and business community, sources added. Sources also disclosed that Finance Minister briefed the businessmen about the economic situation of the country and said that sacrifices are required in the larger interest of the country.