Share this post on

FBR Issues Rs20bn Sales Tax Refund Claims to Exporters, Meeting IMF Requirements

  • FBR issues Rs20 billion in sales tax refund claims to exporters
  • Exporters have faced liquidity crunch due to stuck up refunds
  • There is a concern about fake/flying invoices amounting to Rs3,000 billion
  • FBR has been meeting IMF requirements for revenue collection and refunds
  • FBR cleared Rs65 billion in pending refunds and another Rs20 billion recently
  • FBR met March 2024 revenue target of Rs879 billion
  • FBR needs to collect Rs2,705 billion in the last quarter to achieve annual target of Rs9,415 billion by June 30, 2024
  • IMF and FBR have readjusted monthly targets for the last quarter, with a focus on June 2024 revenue collection.


Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.


VAT news
VAT news