The Federal Board of Revenue (FBR) has stated that in order to provide liquidity support to the business and to promote economic activities in the country, Government of Pakistan has decided to issue verified Sales Tax refund of Rs 22 billion for all the years. Further, verified Income Tax Refund of Rs 1.7 billion (every case up to Rs 1 lac) have also been released for the taxpayers.
The verification process for the remaining outstanding refunds is being expedited vigorously. The Government of Pakistan plans to issue the outstanding verified refunds between Rs 1 lac to 5 lacs for all the years in the next month.-PR