June 25, 2022

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Pakistan Revenue

Tag: Pakistan Hosiery Manufacturers and Exporters Association

PHMA cries foul on gas suspension to textile industry
Feb 9
Trade & Industry

PHMA cries foul on gas suspension to textile industry

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Wednesday harshly condemned gas utility for abrupt suspension to export sector. In a statement PHMA central chairman Shahzad Azam Khan said that Sui Southern Gas Company (SSGC) without serving any notice and offering any alternate arrangement suspended the gas supply, which is causing severe hindrances in […]

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PSW to link 27 banks for trade facilitation
Oct 27
Trade & Industry

PSW to link 27 banks for trade facilitation

KARACHI: Naveed Abbas, Additional Director and Chief Domain Officer, Pakistan Single Window (PSW) has said that 27 banks will be integrated with the PSW for the facilitation of import and exports. He was addressing at an orientation session organized by Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Wednesday. He said that the facility will […]

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PHMA organizes seminar on export facilitation scheme
Sep 8
Trade & Industry

PHMA organizes seminar on export facilitation scheme

KARACHI: A seminar was organized by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) in collaboration with the Federal Board of Revenue (FBR) on new Export Facilitation Scheme 2021 (EFS 2021). The export facilitation scheme was notified through SRO957(I)/2021 dated July 30, 2021. The seminar was organized on Wednesday simultaneously at PHMA House, Karachi, Lahore, […]

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Value added textile exporters demand 50 percent reduction in withholding tax
Jun 9
Budget 2021-2022, Trade & Industry

Value added textile exporters demand 50 percent reduction in withholding tax

KARACHI: The association of value added textile exporters on Wednesday demanded to reduce the withholding income tax by 50 percent in order to reduce burden on manufacturers and improve country’s foreign exchange earnings. In a joint press conference, the exporters demanded the government of restoring Zero Rating – No Payment No Refund System, continuation of […]

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Industry perturbs over rampant street crime
May 11
Trade & Industry

Industry perturbs over rampant street crime

KARACHI: Business community is worried over rampant incidents of street crimes in the metropolis ahead of Eid holidays, according to a statement issued on Tuesday. The statement issued by Pakistan Hosiery Manufacturers Association (PHMA) informing the Chief Minister of Sindh about the rampant incidents of car snatching and stealing valuables and expensive parts from a […]

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Business community demands Pakistan Customs to launch Authorized Economic Operator certification
Oct 16
Trade & Industry

Business community demands Pakistan Customs to launch Authorized Economic Operator certification

KARACHI: The business community has demanded Pakistan Customs of launching Authorized Economic Operators (AEO) certification program, which will enable business and industrial units to become trustworthy member of international supply chain. In view of its significance and importance, it is imperative that Pakistan Customs, being member of the World Customs Organizations, should immediately launch the […]

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Export sector complains non-compliance by power utilities
Feb 20
Trade & Industry

Export sector complains non-compliance by power utilities

KARACHI: The zero-rated textile export sector has complained the government for non-compliance by power utility companies in giving subsidized rates. In a letter to Abdul Razak Dawood, Adviser to the Prime Minister on Commerce and Textile Industry, the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) pointed out non-compliance of Para 3 of SRO 12(I)/2019 dated […]

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Value added sector seeks tax credit on equity investment for individuals, AOPs
Jan 12
Trade & Industry

Value added sector seeks tax credit on equity investment for individuals, AOPs

KARACHI: The value added sector has urged Finance Minister Asad Umar to allow tax credit on equity investment for business individuals and Association of Persons (AOPs). In a letter sent to Finance Minister Asad Umar on Saturday, Pakistan Hosiery Manufactures and Exporters Association (PHMA) said that the the government through Finance Act 2010 passed amendment […]

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