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Resolution of ST refunds issues to spur economy

Resolution of ST refunds issues to spur economy

KARACHI: Trade Development Authority of Pakistan (TDAP) Chief Executive SM Muneer informed that the Sale Tax refund issue will be resolved on priority basis as the government was making strenuous efforts to spur the national economy.

Addressing the inaugural ceremony of MKB logistics, he said that the advisory council of Federal Board of Revenue (FBR), its first meeting, discussed various issues including boosting exports, sales tax refunds and broadening tax net.

The TDAP chief stated that sale tax refund and some other issues were hampering economic development and exports which would be settled on war footings. The government is serious to put the economy on track and has made various decisions in this regard, he added.

SM Muneer termed the sales tax refund one of the biggest issues the small businesses had confronted with, adding that the advisory council had laid emphasis on the earlier resolution of the issue.

On the occasion, All-Karachi Industrial Alliance (AKIA) President Mian Zahid Hussain said that MKB logistics would prove to be a successful institution.

MKB logistics Chairman Malik Khuda Bakhsh said that a safe and integrated transport system was need of the hour. The company would cater to the needs of transportation of petroleum products of the country.