PM orders clearance of tax refunds
The move aims to ease cash-flow pressure on exporters and businesses as the government prepares broader budget measures for industrial growth.
- On Wednesday, Prime Minister Muhammad Shehbaz Sharif met with leading industrialists in Islamabad, directing the Federal Board of Revenue to resolve all pending tax refund cases by June 15.
- The government delayed the budget announcement, originally slated for June 5, to next week after failing to timely resolve expenditure allocations and secure International Monetary Fund approval for fiscal adjustments.
- Planning Minister Ahsan Iqbal confirmed the government is allocating Rs87 billion for coalition-recommended schemes, describing the spending as the "cost of the coalition government" while pursuing National Finance Commission award adjustments.
- Officials briefed the delegation on tax tribunal reforms and special commercial courts, while outlining infrastructure projects including the M-10 Motorway and M-13 Motorway to improve freight connectivity from Karachi's ports.
- Sharif reaffirmed that export-led growth remains the "core" of Pakistan's economic policy, with the upcoming budget designed to provide public relief and attract foreign investment to stabilize the economy.
16 Articles
16 Articles
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PM Shehbaz directs FBR to clear pending tax refund cases.Govt plans new measures to boost industrial production growth.Premier orders relocation of PRAL office to Karachi.Prime Minister Shehbaz Sharif said on Monday that the country's...
PM orders clearance of tax refunds
A delegation of top leadership from chambers of commerce and industry across the country met with the prime minister, presenting proposals for the upcoming budget. The prime minister directed that all pending tax refund cases be cleared by June 15. Prime Minister Muhammad Shehbaz Sharif met with the delegation, where detailed discussions were held on the upcoming federal budget, industrial development, export growth and the overall economic situ…
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