The meeting, which met under the chairmanship of MNA Faizullah, pointed out that refund payments were not being made for several months, causing severe liquidity problems, especially among the exporters. She informed that the FBR had cleared 97.7pc refunds of July 2019, 95pc of August and 90pc each of September, October, November and December 2019. She informed that a committee, comprising of exporters and senior FBR officers, was appointed to resolve the technical problems of Form “H” and they have completed their assignment. Meanwhile, the committee also discussed matters regarding encashment of security of Reliance Petroleum Industries (Pvt) Limited by the customs authorities. He deplored that builders were exceeding their limits by selling more flats or plots as per the approved plan.

Source: Pakistan Today March 12, 2020 14:15 UTC