FBR takes yet another initiative for sales tax repayments

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FBR takes yet another initiative for sales tax repayments

KARACHI – The Federal Board of Revenue (FBR) has taken yet another initiative for sales tax repayments.

FBR on Monday has initiated online payments of sales tax refunds to exporters.

The FBR has released Rs 8.70 billion to pay back the refundable amount to 700 exporters who had made claims.

The refundable amount will be transferred to the bank accounts of the exporters, FBR added.

The economists have expressed that issuance of funds to exporters will help them to avoid mega loans from banks.