Nearly Rs 25 billion refunds paid in March

The Federal Board of Revenue (FBR) has paid nearly Rs25 billion refunds to the business community during March 2020.
According to sources, the FBR has finalised the process for issuance of Rs70 billion in the next few days.
These refunds are related to the past tax periods. So far, the FBR has paid refunds of Rs98.238 billion during July-March (2019-2020) against Rs59.579 billion paid in the same period of 2018-19, reflecting an increase of Rs38.659 billion.