Tarin directs FBR to settle sales tax issues of pharmaceutical industry

Federal Minister for Finance and Revenue Shaukat Tarin has directed the Federal Board of Revenue (FBR) Chairman to take possible steps for the settlement of sales tax issues of the pharmaceutical industry.

The Finance minister on Tuesday held a meeting with a delegation of Pakistan Pharmaceutical Manufacturing Association (PPMA) headed by its Chairman Qazi Manzoor at the finance division.  

In the follow-up meeting, Chairman PPMA thanked the finance minister for addressing the problems being faced by the pharmaceutical manufacturers and further apprised the chair of the pending issues related to refund of sales tax on APIs.

Tarin said that the government is fully committed to address the issues of the pharmaceutical industry and provide maximum support to them. 

He listened to their issues keenly and assured them to resolve their issues. 

The finance minister further directed FBR to take possible steps for the settlement of the issues of the pharmaceutical industry related to sales tax on APIs in coordination with the representatives of the pharma industry. 

Chairman FBR also briefed the meeting on the steps being taken by the FBR for the resolution of the key issues being faced by the pharma industry and mechanism to settle the remaining issue related to refund of sales tax on APIs.