FBR issues Rs65bn refunds to exporters

MG News | March 05, 2024 at 09:49 AM GMT+05:00

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March 05, 2024 (MLN): The Federal Board of Revenue has issued all outstanding refunds as on March 03, 2024 to exporters amounting to Rs65 billion, said a press release issued on Monday.

The refunds were issued after directives given by the Prime Minister, Shehbaz Sharif, during his first speech at the floor of the National Assembly on March 03, 2024 after being elected to the Office of the Prime Minister.

The refunds issued to exporters will lead to better exports and increase in forex reserves of Pakistan.

Trade bodies and export-oriented sectors have welcomed the move by the Prime Minister and said that the move will lead to economic prosperity and creation of more jobs in the textile industry.

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