REF. NO. PHMA/CIR-138/2013 DATED: 24 December, 2013

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-138/2013

Dated: 24^th December, 2013

TO ALL MEMBERS OF THE ASSOCIATION

BUDGET PROPOSALS FOR THE YEAR 2014-15

The Federal Budget plays an important role in the growth of exports of the country.

Pakistan Hosiery Manufacturers & Exporters Association (PHMA) submits its recommendations to the Government of Pakistan for incorporation in the forthcoming Federal Budget, after obtaining proposals / inputs from our valued members. We are pleased to inform all valued members that PHMA has initiated the exercise of preparing budgetary proposals for the year 2014-2015.

In view of the above, all our valued members are requested to send to the association relevant proposals / inputs relating to exports; Sales Tax; Customs; Income Tax etc in the enclosed format.

We would highly appreciate if you could furnish your proposals and Inputs at the soonest, which after consideration by the Association will be submitted to the Government.

Thanks Best Regards,