Under sales tax: Outstanding funds to be reimbursed

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) appreciated the government for its commitment to disburse the exporting industry’s outstanding refunds.

PIAF Chairman Irfan Iqbal Sheikh, Senior Vice Chairman Tanveer Ahmed Sufi and Vice Chairman Khawaja Shahzeb Akram said in a media statement on Sunday that the finance minister had assured business leaders that Rs100 billion will be refunded under sales tax until the incumbent government completes its five-year term.

They lauded the government for fulfilling its commitment regarding the refunding exporters, asserting that it was a good omen that the Federal Board of Revenue (FBR) had prepared cheques while other documentation was in process.

Reports suggested the FBR was going to disburse refunds against those cases which had been verified up until March.

Published in The Express Tribune, May 21^st, 2018.