FPCCI welcomes release of tax refund claims

By APP
Published: August 13, 2017
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Tax. PHOTO: REUTERS

Tax. PHOTO: REUTERS

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday lauded Finance Minister Ishaq Dar for clearing pending refunds of Rs23 billion and termed it a step which would encourage exporters and taxpayers.

The government has fulfilled its promise of clearing their refund dues after refund payment orders (RPOs) were issued for payment till April 30, 2017, the statement released by FPCCI said.

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FPCCI Regional Committee on Industries Chairman Atif Ikram Sheikh highlighted strong growth in exports during the first month of the current fiscal year, adding that the payment of pending refund claims would further boost external trade in the months to come.

He also noted the strong growth in revenue collection during the past few years, stressing that more needs to be done to achieve tax potential.

Published in The Express Tribune, August 13th, 2017.

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