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

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

Ref. No. PHMA/Cir-033/2013

Dated: 1^st March, 2013

  TO ALL MEMBERS OF THE ASSOCIATION

Consequent to the Press Conference of Value Added Textile Export Sector held on 28^th February, 2013 at PHMA House, Karachi, we are attaching herewith several Press Clippings dated 1^st March, 2013 on the harsh steps of FBR to withdraw the Zero Rating Regime on the five Export Oriented Sectors and oncoming imposition of 2% Sales Tax at each stage on the Textile Sector as well as on import of plant and machinery and the draconian 5% withholding tax at import stage on import of plant and machinery and raw material covered by the Sales Tax Zero Rated Regime with S.R.O.140(I)/2013 dated 26-02-13 and S.R.O.98(1)/2013 dated 14-02-2013.

Thanks & Best Regards