Islamabad: Adviser to the Prime Minister on Finance and Revenue Dr Hafeez Shaikh has issued instructions for the Federal Board of Revenue (FBR) to disburse PKR 15 billion as refund sales tax claims to exporters within the next two days, according to news sources.
As
per the publication, FBR Spokesman Dr Hamid Ateeq revealed that the
aforementioned directives were issued after exporters met with the Prime
Minister (PM) Imran Khan and other top officials. They explained their
liquidity issues created by stuck refunds to the meeting.
This issue was also raised on Thursday in the meeting of National Assembly’s Standing Committee on Finance and Revenue, held under chairmanship of Member National Assembly (MNA) Faiz Ullah. The meeting ordered FBR to expedite the disbursement of refund claims of traders and exporters.
FBR Inland Revenue (IR) Operations
Member Seema Shakeel said that a committee has been constituted that includes exporters
and senior FBR officers. The committee is tasked with the resolution of the
technical issues surfacing in the submission of exporters’ claims in form ‘Annex-H’ via FBR’s Fully
Automated Sales Tax E-Refund (FASTER) system.
She later admitted that some
cases of refunds were pending because requirements weren’t properly met.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
