FBR initiates online refunding for exporters
FBR has released Rs 8.70 billion to pay back refundable amount to 700 exporters who had made claims.
KARACHI (Dunya News) – The Federal Board of Revenue (FBR) on Monday has initiated online payments of sales tax refunds to exporters.
The FBR has released Rs 8.70 billion to pay back the refundable amount to 700 exporters who had made claims.
The refundable amount will be transferred to the bank accounts of the exporters, FBR added.
The economists have expressed that issuance of funds to exporters will help them to avoid mega loans from banks.
The experts added that through the implementation of this policy, production cost is expected to reduce. They asserted that if government maintains the adjustments of amount, a prominent decline in the goods’ imports is also expected.
