PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

(S/B ZONE)

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-4543774

E-MAIL: phamsbz@yahoo.com  URL www.phmaonline.com  

REF. NO. PHMA/CIR-032/2010

DATED: 27^th March 2010

TO ALL MEMBERS OF THE ASSOCIATION

MOST IMPORTANT

SUBJECT:   1. FUNDS ALLOCATED FOR EXPORT FINANCE MARKUP RATE FACILITY.

2. FUNDS ALSO ALLOCATED FOR MARKUP RATE FACILITY FOR TEXTILE SECTOR AGAINST LONG TERM LOANS.

We are attaching herewith a copies of State Bank of Pakistan SMEFD Circular No.03 dated 22^nd March, 2010 and SMEFD Circular No.04 of 2010 dated 22^nd March, 2010 on the subject of “ Export Finance Mark-Up Rate Facility Payment for the period 01-09-2009 to 28-02-2010” and “Mark up Rate Support for Textile Sector against Long Term Loans Payment for the period 01-09-09 to 28-02-2010” respectively from which you will find that the government has allocated funds to State Bank of Pakistan for the subsidy on above 2 schemes to eligible companies in textile sector for 6 months period from 01-9-2009 to 28-2-2010.

ALL MEMBERS ARE ACCORDINGLY ADVISED TO AVAIL THESE FACILITIES.

Thanks & best regards,

Rana Muhammad Mushtaq Khan

Central Chairman