FBR releases Rs8.92bn against duty drawback claims

FBR releases Rs8.92bn against duty drawback claims

ISLAMABAD: Federal Board of Revenue (FBR) has issued an amount of Rs8.92 billion against duty drawback claims during last four months, according to a statement issued on Tuesday.

The FBR said that following the vision of Prime Minister, Pakistan Customs wing has resolved the long-standing demand of exporters by paying Rs. 8.92 billion duty drawback claims during January- April 2021.

A total of Rs. 12.367 billion under fully automated rebate system has been sanctioned to exporters.

This will go a long way in addressing the liquidity issue of the local industry and shall result in boosting export led economy, the FBR said.

Pakistan Customs said that fully automated rebate system is in addition to DLTL payments by Ministry of Commerce.

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