FBR issues Rs 51.5 billion refunds through FASTER

MG News | April 15, 2020 at 12:00 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 14, 2020: The Federal Board of Revenue (FBR) has so far made refund payments of Rs 51.5 billion to the exporters and businessmen through FASTER, the fully automated Sales Tax E-Refund System.

As per the record since July 2019, refunds amounting to Rs. 64.5 billion were claimed through FASTR System, out of which cases of Rs 57 billion were processed, said an FBR press statement issued here Tuesday.

Out of these processed cases, refund payment of Rs 51.5 billion have been made to the exporters and businessmen so far, the statement added.

The remaining unpaid refund cases have been withheld due to incomplete data provided by the exporters and businessmen, it added.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,680.00	60,680.00 59,790.00	685.00 1.14%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	103.50	0.00 0.00	0.25 0.24%
ROTTERDAM COAL MONTHLY	113.35	114.25 113.00	-0.05 -0.04%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%