To: All Members of the Association (Southern Zone)

REF. NO. PHMA-075/2016 DATED: 06 October, 2016

Subject: TECHNOLOGY UP-GRADATION FUND ORDER 2016 FOR TEXTILE SECTOR UNDER TEXTILE POLICY 2014-19

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

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Ref. No. PHMA/Cir-075/2016

Dated: 06^th October, 2016

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TO ALL MEMBERS OF THE ASSOCIATION

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TECHNOLOGY UP-GRADATION FUND ORDER 2016 FOR TEXTILE SECTOR UNDER TEXTILE POLICY 2014-19

We are attaching herewith a letter received from Ministry of Textile Industry Ref: No.3(19)TID/15-RDA dated 3^rd October, 2016 and ?Technology Up-gradation Fund Order 2016? Notification No.3(18)TID/10-P-I dated 3^rd October, 2016 for your information and necessary action, accordingly.

Benefits under TUF Support: Every manufacturer will be provided one time financial support per annum on purchase and installation of new machinery in the textile sector, at rates and limits specified in Schedule ? I of this Order. Support shall not be available for machinery imported / procured having L/C retirement before 1 ^st July, 2016 or after 30^th June, 2019.

Further details of eligibility terms and conditions are contained in attachments.

Best Regards

Yunus Bin Aiyoob

Secretary General

Encl: As above.