ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Shaikh announced that Federal Board of Revenue has cleared Rs15.6 billion in sales tax refunds on Wednesday.
Taking to the micro-blogging website Twitter, Hafeez Shaikh said that the amount was released against 8415 Refund Payment Orders (RPOs) to enhance the liquidity of businesses and economic activity in the country.
He said, “This is on top of Rs5.4 billion refunds cleared as bonds and adjustments.”
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