PM Shehbaz directs speedy refunds to boost exports |
ISLAMABAD: Amid falling merchandise exports for the fifth consecutive month, Prime Minister Shehbaz Sharif said on Wednesday that no negligence would be tolerated in the timely payment of tax refunds to exporters.
Reviewing the commodities exports, especially a decline in rice shipments, the premier directed to expedite institutional reforms, augmenting exports, and provision of facilities to exporters.
Two years after the government introduced legislation mandating sales tax refunds to exporters within 72 hours, the law remains unimplemented. In practice, the Federal Board of Revenue (FBR)........