{"id":70965,"date":"2020-09-29T10:37:28","date_gmt":"2020-09-29T05:37:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70965"},"modified":"2020-09-29T11:51:19","modified_gmt":"2020-09-29T06:51:19","slug":"fbr-directed-expand-faster-tax-refund-systems-sectors","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-directed-expand-faster-tax-refund-systems-sectors.html","title":{"rendered":"FBR directed to expand FASTER tax refund systems to other sectors"},"content":{"rendered":"\n<p>Islamabad: Advisor to the Prime Minister on Finance Hafeez Shaikh recently directed the Federal Board of Revenue (FBR) to expand the FASTER tax refund system to also include sectors that are not zero rated, particularly those that have exhibited potential for growth \u2014 according to a news source published on September 28. The tax authority was further ordered to provide speedy returns to the said sectors.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-refunds-56b-exports-faster.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR refunds PKR 56bn to exporters through FASTER system<\/a><\/p>\n\n\n\n<p>The above decision was taken in a meeting that was held to review the progress of the tax refunds being made under the FASTER system \u2014 with the session chaired by Mr. Shaikh. On the occasion, the advisor stated that the number of sectors and industries that were receiving tax refunds should be increased.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/faster-clears-up-75-refund-claims-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FASTER clears up to 75% of refund claims: FBR<\/a><\/p>\n\n\n\n<p>Currently, the tax refunds are only being provided to five export oriented sectors, which include textile, carpets, leather, sports goods and surgical goods. Now, efforts are being made to expand this list to include other sectors of the economy as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Advisor to the Prime Minister on Finance Hafeez Shaikh recently directed the Federal Board of Revenue (FBR) to expand the FASTER tax refund system to also include sectors that are not zero rated, particularly those that have exhibited potential for growth \u2014 according to a news source published on September 28. The tax authority was further ordered to provide speedy returns to the said sectors. Read: FBR refunds PKR 56bn to exporters through FASTER system The above decision was taken in a meeting that was held to review the progress of the tax refunds being made under the FASTER system \u2014 with the session chaired by Mr. Shaikh. On the occasion, the advisor stated that the number of sectors and industries that were receiving tax refunds should be increased. Read: FASTER clears up to 75% of refund claims: FBR Currently, the tax refunds are only being provided to five export oriented sectors, which include textile, carpets, leather, sports goods and surgical goods. Now, efforts are being made to expand this list to include other sectors of the economy as well.<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[40475,40474,40477,19230,40476],"persona":[],"class_list":{"0":"post-70965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-export-sectors","9":"tag-faster-tax-refunds","10":"tag-fbr-directed-to-expand-faster-tax-refund-systems-to-other-sectors","11":"tag-federal-board-of-revenue-fbr","12":"tag-zero-rated-sectors","13":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR directed to expand FASTER tax refund systems to other sectors - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Advisor the Prime Minister on Finance Hafeez Shaikh has directed Federal Board of Revenue to expand the FASTER tax refund system to sector other than zero rated ones as well, particularly the ones that have been showing potential for growth \u2013 a news source reported on September 28.\" \/>\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\/fbr-directed-expand-faster-tax-refund-systems-sectors.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR directed to expand FASTER tax refund systems to other sectors - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Advisor the Prime Minister on Finance Hafeez Shaikh has directed Federal Board of Revenue to expand the FASTER tax refund system to sector other than zero rated ones as well, particularly the ones that have been showing potential for growth \u2013 a news source reported on September 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-directed-expand-faster-tax-refund-systems-sectors.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-29T05:37:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-29T06:51:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR directed to expand FASTER tax refund systems to other sectors - Zameen News","description":"Islamabad: The Advisor the Prime Minister on Finance Hafeez Shaikh has directed Federal Board of Revenue to expand the FASTER tax refund system to sector other than zero rated ones as well, particularly the ones that have been showing potential for growth \u2013 a news source reported on September 28.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-directed-expand-faster-tax-refund-systems-sectors.html","og_locale":"en_US","og_type":"article","og_title":"FBR directed to expand FASTER tax refund systems to other sectors - Zameen News","og_description":"Islamabad: The Advisor the Prime Minister on Finance Hafeez Shaikh has directed Federal Board of Revenue to expand the FASTER tax refund system to sector other than zero rated ones as well, particularly the ones that have been showing potential for growth \u2013 a news source reported on September 28.","og_url":"https:\/\/www.zameen.com\/news\/fbr-directed-expand-faster-tax-refund-systems-sectors.html","og_site_name":"Pakistan Real Estate News &amp; 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