PID

PR No. 283 Sales Tax Refund Payment against RPOs issued up to 31st August, 2017 Islamabad: 31st October 2017

In a meeting with FBR management held in the Finance Division on 26^th October, the Minister for Finance and Revenue Senator Mohammad Ishaq Dar had issued directives for payment of sales tax refunds by 31^st October, 2017, against RPOs issued up to 31^st August, 2017. The directives were aimed at facilitating the business and resolving the liquidity problem faced by refund claimants particularly exporters.

Accordingly, FBR has advised State Bank of Pakistan for payment of Rs. 12.5 billion refund against 3,261 RPOs issued up to 31^st August, 2017, through direct electronic credit to the claimants’ account. The amount shall be so credited within 24 hours.

It is added that the government has been able to contain the problem of refund pendency despite the increase in taxpayer population and increase in tax payments. FBR has been trying to facilitate the businessmen so that they are encouraged to pay their taxes. These refunds are being paid to all segments and sectors of registered persons including exporters, textile, etc.

With the aforesaid payment, FBR has paid sales tax refunds amounting to Rs. 40 billion during the first four months of the current financial year, which is unprecedented. This step will substantially reduce the pendency of sales tax refunds.

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GOVERNMENT OF PAKISTAN PRESS INFORMATION DEPARTMENT

GOVERNMENT OF PAKISTAN

PRESS INFORMATION DEPARTMENT

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MEDIA CARD

NAME OF PUBLICATION

TOWN/CITY

ADDRESS

TELEPHONE/FAX NO

NAME OF EDITOR

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MEDIA QUESTIONNAIRE

Name of Publication

Established (Give exact date)

ADDRESS

TELEPHONE

FAX NO

NAME OF EDITOR

Name of Printer

Language

Frequency

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Any special edition

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MEDIA QUESTIONNAIRE

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I hereby declare that all the particulars given above are correct and that advertisement contract, from or on behalf of Government of Pakistan will be accepted on this understanding.

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APPLICATION FOR ACCREDITION ON BEHALF OF PAKISTANI MEDIA

APPLICATION FOR ACCREDITATION ON BEHALF OF PAKISTANI MEDIA

To, The Principal Information Officer,

   Press Information Department,

   Government of Pakistan,

   Islamabad

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Name of Newspaper/ News Agency/ TV Channel

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