KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Finance Minister Asad Umar to release the export sector’s overall outstanding refund claims, including deferred claims, Customs duty drawback, DLTL, etc, which have been lying pending for payment since long, a statement said on Thursday.
FPCCI President Daroo Khan Achakzai recalled that during the finance minister’s pre-budget visit to the FPCCI head office on January 12, 2019 and thereafter on his post-budget visit to the FPCCI regional office in Lahore, he had stressed the need for an early clearance of backlog of refund claims and automatic payment within the stipulated time limit, as the inordinate delay had made the exporters suffer from liquidity crunch in meeting future export orders well in time.
Achakzai said, “There is a very slow progress in processing of the pending sales tax refunds and issuance of RPOs.”
The SECP recognizes the need for responsible and ethical marketing practices and call centre operations
Saquib Ahmad, Country Managing Director SAP Pakistan , Afghanistan. — Screengrab/YouTube/Nutshell Group/FileKARACHI:...
Gold rates decreased by $5 to $2,170 per ounce in the international market. Silver rates decreased by Rs20 at Rs2,580...
The U.N. agency last year agreed to target a 20 percent emissions cut by 2030
China's activity data broadly stabilised at the start of the year
SBP issued guidelines permitting exporters to freely utilize funds in ESFCAs for international payments related to...