Daily The Business

Hammad Azhar assures reimbursement of all pending refunds

Our Special Correspondent
LAHORE: Minister of State for Revenue Muhammad Hammad Azhar has
assured traders and industrialist that the government is determined to
liquidate all pending refunds to improve liquidation.

He was addressing traders and industrialists during his visit to
Lahore on Saturday.

He said that the field formations of FBR will be directed to process
pending refunds, enabling the industry to avail the instrument of
promissory note. At the same time, he said the old refunds of the
industry would be paid in cash. He also assured that the tax credit,
due on account of investment, would also be processed. He has assured
of constituting a committee to redress fiscal matters of the exporting
industry.

The industrialists thanked the PTI government for taking drastic
measures for the sector growth, including the announcement of
affordable energy package for exporting industry and  removal of sales
tax and custom duty on import of cotton , basic raw material; which is
already short for consumption in the country.

They assured the visiting minister of not disappointing the government
struggling for reduction in the trade account deficit by increasing
exports. The positive results of the major decisions taken by
government for industrial growth will be encouraging from January 2019
onwards, he added.

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