Pending tax refunds remain pending

The ECC of the Cabinet has, put on ice Commerce Division’s (CD) proposal to clear pending tax refunds of exporters. CD had prepared its proposal on the request of private sector which is running from pillar to post to get their claims worth PKR 36Bn. Secretary Commerce, Younus Dagha has said that it has been deferred with directions to develop a mechanism to implement Commerce Ministry’s proposal for prompt payment to exporters on Sales Tax refunds by FBR and DLTL payments by SBP.