ISLAMABAD, Mar 12 (APP): The Standing Committee on Finance, Revenue and Economic Affairs of the National Assembly Thursday directed Federal Board of Revenue (FBR) to expedite payments of refund claims of the exporters and traders.
The meeting which met here under the chairmanship of Faiz Ullah, pointed out that the refund payments were not being made for several months causing liquidity problems specially among the exporters.
Discussing the agenda regarding issues being based by the textile exporters/importers, textile industries and traders relating to refunds and Computerized National Identity Card (CNIC) conditions, MNA Ali Pervaiz demanded that the refund payment system must be made effective and transparent by eliminating discrimination in the refund processing system.
He also demanded restoring the zero rating facility for five export oriented sectors saying that this facility would help boosting the country’s exports.
APP/ Saeeda /reha
