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-068/2013

Dated: 17^th May, 2013

MOST IMPORTANT

TO ALL MEMBERS OF THE ASSOCIATION

IMPROVEMENT IN TAX TO GDP RATIO:

WE HAVE BEEN ASKED TO GIVE OUR PROPOSALS ON THE SUBJECT WITH REGARDS TO THE FOLLOWING POINTS:

Ø  BROADENING OF TAX BASE

Ø  RATIONALIZATION OF TAX RATES & EXEMPTIONS

Ø  ENCOURAGING CORPORATIZATION & DOCUMENTATION

Ø  SIMPLIFICATION OF TAX PROCEDURES / FACILITATION TO STAKEHOLDERS.

SINCE WE HAVE TO SUBMIT OUR PROPOSALS BY 20^TH MAY, 2013, AND AS THE MATTER IS VERY IMPORTANT AND OF GREAT CONCERN TO OUR MEMBERS, PLEASE SEND YOUR PROPOSALS POSITIVELY BY 19^TH MAY, 2013.

THANKS & BEST REGARDS,

M. JAWED BILWANI

CENTRAL CHAIRMAN