Officials in Pakistan agreed to a cut in customs duty on the import of second hand textile machinery from the US, it was reported on Friday.

According to Paknews.com, finance chiefs have agreed to reduce the levy by an undisclosed amount as importers are keen to take advantage of the wave of US textile factory closures by snapping up the left-over machinery.

Quoting a senior official, the website said the move would allow domestic textile firms to acquire modern technology and get used to it before the removal of quotas in 2005.