Summary The Federal Board of Revenue has moved to ease the cash-flow crunch faced by Pakistani businesses. In a major relief step, the FBR chief refunds order has cleared the way for Rs126 billion in pending tax refunds. The amount includes Rs83 billion in sales tax refunds and Rs43 billion in customs duty rebates. Traders across Karachi welcomed the decision as a much-needed liquidity boost. Background Tax refund delays have long been a sore point between the business community and tax authorities in Pakistan. Exporters and traders frequently complain that…
Read MoreFBR Chief Orders Rs126bn Tax Refunds for Traders
