PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

(SOUTHERN ZONE)

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

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com  URL www.phmaonline.com

REF. NO. PHMA/CIR-051/2011

DATED: 6^th April, 2011

TO ALL MEMBERS OF THE ASSOCIATION

SRO 288(I)/2011 Dated 1^st April regarding direct tax is Being circulated to all members of the association for their information.

·         Reduced rate of withholding tax U/S 153(I) on taxpayers registered under Sales Tax Zero rating regime.

·         Exemption from provisions of Clause (a) of sub section (1) of section 111 of the Income Tax Ordinance.

Best regards,

M. Jawed Bilwani

Chief Coordinator