FBR has released PKR 22Bn of verified sales tax refunds to exporters through newly installed Fully Automated Sales Tax e-Refund (FASTER) system. Adviser on Finance Dr Hafeez Shaikh said that the govt. is to release PKR 22Bn as sales tax refunds immediately, along with PKR 1.7Bn of income tax refunds (up to Rs100, 000) for all years. Meanwhile, income tax refunds between PKR 100,000-500, 000 for all years will be paid in Oct’19. In a FBR statement, it was highlighted that only 9 refund claims of 5 export-oriented sectors were received by 30th Aug’19, and the payment has been made. The FBR is encouraging exporters to submit their claims in form Annex-H at the earliest so that their claims can be processed and paid.