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Pak FBR directed to ease tax process for textile sector

06
Dec '19
Pic: Shutterstock
Pic: Shutterstock
Adviser to Pakistani prime minister on finance and revenue Abdul Hafeez Shaikh recently directed the Federal Board of Revenue (FBR) to take suggestions from textile exporters and simplify the H-Form to expedite the processing and payment of sales tax refunds to exporters. He was attending a meeting of the All Pakistan Textile Mills Association (APTMA).

He also directed FBR to expedite the payment of nearly Rs 10 billion worth of customs duty drawback to the exporters.

Shaikh told the exporters that the government is not at all interested in keeping their money held up for long, according to Pakistani media reports.

Adviser to the prime minister on institutional reforms and austerity Ishrat Hussain; adviser to the prime minister on commerce, textile, industry and production Abdul Razak Dawood; chairman of the task force on textile Ali Habib; FBR chairman Syed Shabbar Zaidi; former finance minister Shaukat Tareen and finance secretary Naveed Kamran Baloch were also present at the meeting.

Fibre2Fashion News Desk (DS)


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