PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

(SOUTHERN ZONE)

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-072/2010

DATED: 29^th May 2010

TO ALL MEMBERS OF THE ASSOCIATION

SUBJECT:         PRESS CLIPPING of 29^th May 2010

We are attaching herewith Press clipping of The News of 29^th May 2010 captioned “VAT to block liquidity in refunds, cripple textile sector”; in the Daily Business Recorder of 29^th May 2010 captioned “VAT regime to break backbone of nation’s economy” and also other news clipping of URDU Newspaper of 29^th May 2010 being circulated to all members of the association for their information.

Thanks & Best Regards,

Rana Muhammad Mushtaq Khan                    M. Jawed Bilwani

Central Chairman                                                Chief Coordinator