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-057/2015

Dated: 01^st July, 2015

TO ALL MEMBERS OF THE ASSOCIATION

FBR’s SRO 486(I)/2015 dated 30.06.2015 amends SRO 1125(I)/2011 dated 31.12.2011

We are attaching herewith SRO 486(I)/2015 dated 30.06.2015 amends SRO 1125(I)/2011 dated 31.12.2011.

In SRO 1125(I)/2011, concessionary rate of 2%, 3% and 5% were applicable to five export oriented sector, namely, textile leather, carpet, surgical and sports goods. The rate of 2% is being enhanced to 3%.

The said notification is also being revamped and simplified without disturbing the existing provisions in order to facilitate the registered persons as well as field officers. Value addition tax on commercial imports of these sectors @ 2% is being reduced to 1%.

Best regards,

Yunus Bin Aiyoob

Secretary General