BR100 Increased By (1.3%)
BR30 Increased By (1.3%)
KSE100 Increased By (1.14%)
KSE30 Increased By (1.19%)
AGHA 7.87 Increased By ▲ 0.12 (1.55%)
BECO 5.19 No Change ▼ 0.00 (0%)
BML 58.01 Decreased By ▼ -0.65 (-1.11%)
BOP 34.57 Increased By ▲ 0.88 (2.61%)
CNERGY 10.86 Increased By ▲ 0.25 (2.36%)
CSIL 5.43 Increased By ▲ 0.13 (2.45%)
FCCL 54.55 Increased By ▲ 0.81 (1.51%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.43 Increased By ▲ 0.15 (2.06%)
KOSM 5.69 Increased By ▲ 0.05 (0.89%)
LOTCHEM 29.92 Increased By ▲ 0.27 (0.91%)
MLCF 97.00 Increased By ▲ 0.64 (0.66%)
NBP 206.35 Increased By ▲ 2.82 (1.39%)
NCPL 58.27 Increased By ▲ 1.42 (2.5%)
NPL 69.35 Increased By ▲ 2.04 (3.03%)
OGDC 320.70 Increased By ▲ 2.48 (0.78%)
PACE 10.70 Increased By ▲ 0.07 (0.66%)
PAEL 42.74 Increased By ▲ 0.97 (2.32%)
PIBTL 17.17 Increased By ▲ 0.36 (2.14%)
PPL 223.48 Increased By ▲ 3.31 (1.5%)
PRL 51.95 Increased By ▲ 2.90 (5.91%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 29.63 Increased By ▲ 0.49 (1.68%)
TBL 9.86 Increased By ▲ 0.09 (0.92%)
TELE 9.02 Increased By ▲ 0.20 (2.27%)
TPL 17.47 Increased By ▲ 0.30 (1.75%)
TPLP 13.00 Increased By ▲ 0.49 (3.92%)
TREET 22.91 Increased By ▲ 0.32 (1.42%)
TRG 60.50 Increased By ▲ 0.28 (0.46%)

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) on Sunday demanded the government to immediately pay refunds for sales tax, saying Federal Board of Revenue (FBR) had not paid a single penny of sales tax refund in last two years.

In a statement, PML-N secretary information Marriyum Aurangzeb said that closure of industrial units manufacturing tractors and agricultural tools was an alarming sign for the country’s economy and a proof of the destruction of both agriculture and industry because of the ‘corrupt and incompetent’ PTI regime.

She warned that this could lead to food inflation and insecurity in Pakistan, adding the country was already suffering from extreme food inflation, especially in rural areas.

If the revenue had increased so much according to Prime Minister Imran Khan, she added, why was the Sales tax refund not paid for two years, she questioned.

“This inability of FBR to pay billions in sales tax refunds was a contradiction of the prime minister’s claims,” she said.

She said shutting down of these units would lead to further inflation in the already economic crisis struck country, adding 200,000 families would be hit by it while 6 million were already unemployed and 20 million were living below poverty line.

She demanded that the amount be paid immediately to save 200,000 families from misery and starvation.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.