ISLAMABAD: The Federal Board of Revenue (FBR) has issued an advice to the State Bank of Pakistan (SBP) for making payment of sales tax refunds amounting to Rs8.74 billion to facilitate the exporters of the zero-rated sectors.

An official statement issued on Saturday said the payment will benefit 739 claimants from five export-oriented zero-rated sectors — textiles, carpets, leather, sports goods and surgical instruments.

The payments will be transmitted electronically to the respective bank accounts of claimants by the SBP by the close of banking hours on Nov 12.

The payments have been made to all those claimants of the five zero-rated categories who had provided their bank account details in IBAN format.

Those refund claimants who have not provided account number in IBAN format are requested to provide the same through their user ID on FBR’s web portal.

Published in Dawn, November 11th, 2018