PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN
TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774
Ref. No. PHMA/Cir-075/2016
Dated: 06th October, 2016
TO ALL MEMBERS OF THE ASSOCIATION
TECHNOLOGY UP-GRADATION FUND ORDER 2016 FOR TEXTILE SECTOR UNDER TEXTILE POLICY 2014-19
We are attaching herewith a letter received from Ministry of Textile Industry Ref: No.3(19)TID/15-RDA dated 3rd October, 2016 and “Technology Up-gradation Fund Order 2016” Notification No.3(18)TID/10-P-I dated 3rd October, 2016 for your information and necessary action, accordingly.
Benefits under TUF Support: Every manufacturer will be provided one time financial support per annum on purchase and installation of new machinery in the textile sector, at rates and limits specified in Schedule – I of this Order. Support shall not be available for machinery imported / procured having L/C retirement before 1 st July, 2016 or after 30th June, 2019.
Further details of eligibility terms and conditions are contained in attachments.
Yunus Bin Aiyoob
Encl: As above.