Government to settle Rs82bn tax refunds to resolve cashflow issues of businessmen

ISLAMABAD: The government on Thursday vowed to settle at least Rs82 billion worth of sales and income tax refunds in a week to resolve liquidity crunch and cash flow issues of trade and industry aggravated by the coronavirus lockdown, local media reported. Adviser to the Prime Minister on Finance and… Continue reading

Value added textile exporters shutting down production units due to liquidity crunch

KARACHI: The export oriented value added textile sector is going through a severe liquidity crunch and over 40 units have closed, as government contrary to their claims failed to issue sales tax refunds, which only in the last four months piled up to Rs100 billion, Chairman Pakistan Apparel Forum Jawed… Continue reading

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