ISLAMABAD: With the aim to further facilitate taxpayers, the Federal Board of Revenue (FBR) is developing a system through which sales tax refunds could be transferred directly to bank accounts of exporters.
This was revealed by Federal Finance Minister Mohammad Ishaq Dar, while addressing sales tax refund cheques distribution ceremony. He said that the prime minister had fulfilled his promise made with the exporters, regarding zero-rated tax regime on five major export sectors and payment of Rs 21.44 billion sales tax refund.
The minister said that the symbolic cheques were being distributed among some top exporters whereas other cheques would be sent by courier service. He said efforts were being made and next time, the refunds would be transferred online directly into the bank accounts of exporters.
The international monetary and financial institutions had acknowledged the robust growth rate in Pakistan, which now stood among the top 10 most growing economies of the world, the minister added. He said Pakistan was the fourth country in the world which had parliamentarians’ tax directory.
Special Assistant to the Prime Minister Humayun AkhtarKhan on the occasion said the government was committed to resolve all the issues confronted by the exporters and business community. He said the major economic indicators of the country had witnessed great improvement in the last three years. He said the history would remember Prime MinisterNawaz Sharif for bringing about $46 billion investment to the country in the form of China Pakistan Economic Corridor(CPEC).
FPCCI President Abdul Rauf Alam and Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan also spoke on the occasion and highlighted the achievements made in the economic, revenue and business sectors.
