PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi. Tel: 0092-21-34522769, 34522685, 34544765
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Ref. No. PHMA/Cir-038/2018
To: All Members of the Association (Southern Zone & Northern Zone)
TECHNOLOGY UP-GRADATION FUND ORDER 2016 FOR TEXTILE SECTOR
Please find attached self-explanatory letter No.3(19)TID/15-RDA dated 7th June, 2018 on the subject which received today from the Ministry of Textile Industry, Islamabad.
The Textile Division issued Technology Up-Gradation Fund Order 2016 for Textile Sector through Notification No.3(19)TID/15-RDA dated 3rd October, 2016.
The requisite funds have been released by Federal Govt. to make payments during current financial year under TUF Order 2016 for LCs retired during the period from 01-07-2016 to 30-06-2017 for import of new machinery.
The State Bank of Pakistan IH&SMEF Department issued Circular dated 22nd May, 2018 on the subject matter. (http://www.sbp.org.pk/smefd/circulars/2018/C2.htm)
It is requested that members may lodge claims, before closing i.e. up-to June 20, 2018, with the concerned offices of SBP-BSC as there would be no extension for submission of claims as funds would lapse on June 30, 2018.
Thanks and Best Regards,
TUF Order 2016 http://www.sbp.org.pk/smefd/circulars/2018/C2-Annex-II.pdf