{"id":59518,"date":"2020-01-07T14:13:57","date_gmt":"2020-01-07T14:13:57","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59518"},"modified":"2020-01-27T06:02:08","modified_gmt":"2020-01-27T06:02:08","slug":"exporters-request-govt-to-release-sales-tax-refunds","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/exporters-request-govt-to-release-sales-tax-refunds.html","title":{"rendered":"Exporters request govt to release sales tax refunds"},"content":{"rendered":"<p>Lahore: Garment manufacturers and exporters across the country have requested the government and the Federal Board of Revenue (FBR) to release their sales tax refunds through the latter\u2019s fully automated sales tax e-refund system within the 72 hours&#8217; time frame earlier committed, a news source reported.<\/p>\n<p>Pakistan Readymade Garments Manufacturers and Exporters Association Chairman Sohail Sheikh expressed his views on the matter during a press briefing on Monday.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/kpcci-calls-for-simple-export-procedures.html\" target=\"_blank\" rel=\"noopener noreferrer\">KPCCI calls for simple export procedures<\/a><\/p>\n<p>He welcomed Prime Minister (PM) Imran Khan\u2019s directives to the FBR for clearing the pending refunds and removing bottlenecks in the new refund payment system. However, he along with other members expressed reservations regarding the delays in the clearance of their pending refunds.<\/p>\n<p>The association also urged the premier to ensure that his directions were implemented on an immediate basis and in true letter and spirit, as exporters \u2013 especially small and medium enterprises \u2013 were facing severe liquidity crunch due to delays in payment of sales tax refunds.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/restoration-zero-rating-status-export-sector-denied.html\" target=\"_blank\" rel=\"noopener noreferrer\">Restoration of zero-rating status for export sector denied<\/a><\/p>\n<p>Sheikh further said that due to tight monetary policy banks were reluctant to finance small industries, so it becomes imperative that exporters should get speedy refunds of their money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Garment manufacturers and exporters across the country have requested the government and the Federal Board of Revenue (FBR) to release their sales tax refunds through the latter\u2019s fully automated sales tax e-refund system within the 72 hours&#8217; time frame earlier committed, a news source reported. Pakistan Readymade Garments Manufacturers and Exporters Association Chairman Sohail Sheikh expressed his views on the matter during a press briefing on Monday. Read:\u00a0KPCCI calls for simple export procedures He welcomed Prime Minister (PM) Imran Khan\u2019s directives to the FBR for clearing the pending refunds and removing bottlenecks in the new refund payment system. However, he along with other members expressed reservations regarding the delays in the clearance of their pending refunds. The association also urged the premier to ensure that his directions were implemented on an immediate basis and in true letter and spirit, as exporters \u2013 especially small and medium enterprises \u2013 were facing severe liquidity crunch due to delays in payment of sales tax refunds. Read:\u00a0Restoration of zero-rating status for export sector denied Sheikh further said that due to tight monetary policy banks were reluctant to finance small industries, so it becomes imperative that exporters should get speedy refunds of their money.<\/p>\n","protected":false},"author":57,"featured_media":8805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[14862],"persona":[],"class_list":{"0":"post-59518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-exporters-request-govt-to-release-sales-tax-refunds","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exporters request govt to release sales tax refunds - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Garment manufacturers and exporters across the country have requested the government and the Federal Board of Revenue (FBR) to release their sales\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/exporters-request-govt-to-release-sales-tax-refunds.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exporters request govt to release sales tax refunds - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: Garment manufacturers and exporters across the country have requested the government and the Federal Board of Revenue (FBR) to release their sales\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/exporters-request-govt-to-release-sales-tax-refunds.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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