Four days before he passed away, Bibek Debroy wrote his obituary: ‘There is a world outside that exists. What if I am not there? What indeed?’
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FBR to disburse Rs32 bln tax refunds to exporters
Federal Board of Revenue (FBR) said that the board will disburse Rs.32 billion pending sale tax refunds to exporters on November 1 (today). This move comes after the Chairman FBR directed the speedy processing of refund payment orders up to September 30, 2024, said a FBR statement. Separately, the Federal Board of Revenue (FBR) launched an advanced Stock Register system via the Information Center 2.0 platform to provide officers real-time, in-depth access to registered persons’ data, bolstering transparency and securing compliance with Income Tax (IT) and Sales Tax (ST) regulations. A press statement said the board launched the system under the direction of the Chairman FBR as part of FBR’s comprehensive digitalization efforts to optimize tax administration and boost revenue collection. Read more: FBR rules out further extension in deadline for filling income tax returns The system functions as a sophisticated management information and reporting system, empowering tax officers t