OICCI asks FBR to clear Rs103 billion in pending tax refunds

The Overseas Investors Chamber of Commerce and Industry (OICCI) has asked the Federal Board of Revenue (FBR) to accelerate payment of around Rs103 billion in pending tax refunds owed to its member companies as of June 2026.

In a letter to FBR Chairperson Rashid Mahmood Langrial, the chamber said outstanding claims included about Rs68 billion in income tax refunds and Rs35 billion in sales tax refunds.

The latest figures were compiled from OICCI members and followed an earlier communication sent to the FBR on June 3.

The chamber said prolonged delays were placing pressure on the liquidity and working capital of member companies, many of which are among Pakistan’s largest foreign investors.

It added that slow refund processing was disrupting business operations and cash flows, while also affecting investor perceptions of Pakistan’s tax administration, policy consistency and ease of doing business.

The OICCI said an efficient and predictable refund system was necessary to retain investor confidence and support efforts to attract foreign investment.

It sought the FBR chairperson’s intervention for the early settlement of verified claims.