FPCCI lauds release of refunds worth Rs.50 billion by government

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have lauded the decision of the government to release sales tax refunds of worth Rs.50 billion in the running month. 

Abdul Rauf Alam, President FPCCI, said that Finance Minister Ishaq Dar is fulfilling his commitment by releasing one fourth of the total refunds which will improve confidence in the business community and boost exports.

“Almost all the pending refunds whose refund payment orders (RPOs) have been approved until April 30th will be paid shortly which will boost business activities across Pakistan,” he said.

Rauf Alam said that after the payments the FBR will start process to clear the entire amount under all the heads including sales tax, income tax and duty drawback estimated at Rs.201 billion within few months.