ISLAMABAD: Despite tall claims of the Pakistan Tehreek-e-Insaf (PTI) government, exporters are pillar to post for sales tax refund as the Federal Board of Revenue (FBR)’s new system has not been working for the past 20 days, a local newspaper has reported.
Exporters have been unable to fulfill their export commitments due to extreme liquidity crunch coupled with cash flow problems as FBR failed to clear the pending refund claims to the tune of billions of rupees.
READ MORE: FBR ordered to pay refund claims of exporters in 72 hours
The FBR high up admitted the fact during a meeting of special committee of the National Assembly Standing Committee on Finance which was chaired by PTI MNA Dr Ramesh Kumar.
The exporters claim that stuck refund claims (sales tax, income tax, duty drawback and textile policy incentives) were adversely affecting the production, employment and exports.
