Pakistan, Dec. 6 -- The Federal Board of Revenue (FBR) on Thursday issued a cash amount of 30 billion refundable to a total of 554 exporters after the cancellation of bonds issued, the FBR's Member Inland Revenue Policy Dr Hamid Ateeq Sarwar confirmed.
The government had issued bonds of worth Rs30 billion to exporters a few months back but the exporters were facing difficulties because these bonds were not tradable, causing problems for exporters. The exporters had demanded of the government to cancel the bonds and provide them a cash amount of Rs30 billion. The FBR high-ups confirmed that the cash amount was released on Thursday to hundreds of exporters that will help them overcome their liquidity crunch.
The government has taken this st...