Fulfilling Prime Minister Shehbaz Sharif’s pledge to address financial challenges encountered by exporters, the Federal Board of Revenue (FBR) has processed all outstanding tax refunds up to March 3, 2024, totaling a significant amount of Rs 65 billion.
This action meets a crucial demand from the export sector, injecting substantial liquidity back into the economy and providing much-needed relief to exporters facing cash flow difficulties due to delayed refunds.
Prime Minister Sharif’s emphasis on resolving the pending tax refunds issue, articulated in his inaugural address, underscores the government’s commitment to supporting businesses, a move that has been widely applauded by the business community.
