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-047/2016

Dated: 11^th May, 2016

TO ALL MEMBERS OF THE ASSOCIATION

DLTL SCHEMES - REVISION IN CALCULATION METHOD

WE ARE ATTACHING HEREWITH  STATE BANK OF PAKISTAN LETTER DATED 9^TH MAY, 2016 ON THE SUBJECT WHICH IS SELF EXPLANATORY.

OUR VALUED MEMBERS ARE REMINDED THAT THE BUDGETARY ALLOCATIONS FOR THE DLTL SCHEME ARE LAPSABLE ON 30-06-2016 AND ARE REQUESTED TO SUBMIT THE REQUISITE DOCUMENTS AS EARLY AS POSSIBLE IN THEIR OWN INTERESTS AS THERE IS A SCRUTINY PERIOD OF 30 DAYS FOR THE CLAIMS AT SBP END AND DELAY IN SUBMISSION OF THE REQUISITE CERTIFICATES / UNDERTAKINGS MAY RESULT IN NON-PAYMENT OF THE CLAIMS DURING THE FINANCIAL YEAR AS DIRECTED BY STATE BANK OF PAKISTAN (SBP).

MEMBERS IMMEDIATE COMPLIANCE TO SBP INSTRUCTIONS IS ADVISED.

THANKS & BEST REGARDS,