FBR’s FASTER dubbed slower
KARACHI: Exporters on Wednesday dubbed Federal Board of Revenue’s (FBR) Fully Automated Sales Tax e-Refund (FASTER) system as “SLOWER”, as payments limbo persists amid a liquidity crunch that has worsened following imposition of 17 percent sales tax on formerly zero-rated sectors.
“The FBR’s commitment to instantly release exporters’ refunds seems to be eyewash,” said Muhammad Jawed Bilwani, chairman Pakistan Apparel Forum, and Chaudhry Salamat Ali, central chairman Pakistan Hosiery Manufacturers and Exporters Association in a joint statement Wednesday.
“The board claimed it would now pay sales tax refunds through the newly installed FASTER system to the exporters of five sectors within 72 hours of submission of claims but even after a lapse of hundreds of hours no payments have been made.”
-
Why Travis Kelce Says Taylor Swift Has Made Him 'so Much Better'? -
Halle Berry Credits This Hairstyle With Launching Her Acting Career -
Hailee Steinfeld Spills Her 'no-phone' Rule With Husband Josh Allen -
Bowen Yang Gets Honest About Post SNL Life: 'It’s An Adjustment' -
Charlize Theron Delivers Strong Message At 2026 Winter Olympics Opening Ceremony -
Lil Jon Reacts To Son Nathan Smith's Death: 'Devastated' -
Bianca Censori Reveals Where She And Kanye West Stand On Having Children Together -
Taylor Swift Hypes Olympic Athletes In Surprise Video Message -
Timothy Busfield Charged With Four Counts Of Child Sexual Abuse -
Amy Schumer Explains Why Her Sudden Photo Surge Is ‘not A Cry For Help’ -
Kanye West First Contacted Bianca Censori While In Marriage To Kim Kardashian? -
Travis Kelce Reveals What His Nieces Really Do When He, Taylor Swift Visit -
Lola Young Makes Career Announcement After Stepping Back From Touring -
Priyanka Chopra Shares Heartfelt Message For Nick Jonas -
Spotify, Major Labels File $13b Lawsuit Over Alleged Music Scraping -
Travis Kelce Opens Up About Being Backup Plan For His Nieces