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-039/2015 Dated: 28th April, 2015 TO ALL MEMBERS OF THE ASSOCIATION
MEASURES TO PROTECT PAKISTANI EXPORTERS FROM THE BANKRUPTCY OF EU IMPORTERS AND BANKS
It is reliably learnt that due to recession prevalent in some EU Countries, some banks and importers over there are facing bankruptcy or are on the verge of bankruptcy. In the best interests of all our valued members, we request such members who have been affected due to the above or their funds are blocked and not paid by the importers in EU Countries to inform the Association giving therein contact details of their Defaulting Buyers and Banks as we are taking up the issue with the Ministry of Finance. Your prompt action and reply in this matter is awaited. Thanking you, With best regards, Saleem Parekh Central Chairman |