*ISLAMABAD: Adviser to the Prime Minister on Finance and Economic AffairsDr Abdul Hafeez Shaikh announced on Monday the government has takenimportant decision on release of tax refunds.*
“Important Decision by the Government on Tax Refunds for the promotion ofeconomic activity in the country and to provide liquidity support tobusinesses,” he tweeted.
Mr Shaikh said Rs22 billion worth of verified sales tax refunds for allyears will be released immediately.
Rs1.7 billion worth of income tax refunds (up to Rs 1 Lakh) for all yearswill also be released immediately, he said.
Read Top Stories
The PM aide said the verification process for other outstanding refundswill be expedited.
Income tax refunds between Rs1 billion to Rs 5billion for all years will bepaid next month, he added.
