Through e-mail

PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi. Tel: 0092-21-34522769, 34522685, 34544765

Fax: 0092-21-34543774, E-mail: info@phmaonline.com 

Ref. No. PHMA/Cir-002/2019
Dated: 2^nd January, 2019

To: All Members of the Association (Southern Zone & Northern Zone)

SBP RESTORED FACILITY OF ADVANCE PAYMENT AGAINST IMPORT

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) is pleased to inform its all valued members that with Association’s best efforts, the State Bank of Pakistan (SBP) has restored and decided to allow the Authorized Dealers to effect advance payments upto USD 10,000 per invoice on behalf of exporters-cum-importers for import of raw materials and spare parts for their own use only. (Copy of EPD Circular Letter No.01 of 2019 dated 1st January, 2019 enclosed herewith for your information and ready reference)

Thanking you and assuring PHMA’s highest considerations and cooperation at all times.

Best Regards,