Due to great efforts of Zubair Tufail, Minister of Finance announced to pay further Rs.30 billion by 31st October: Gulzar Firoz

Business & Finance Press Release

Karachi, October 25, 2016 (PPI-OT):In a statement issued by Mr. Gulzar Firoz, Chief Spokesman, UBG said that the efforts of Zubair Tufail have brought result and Minister of Finance announced on the occasion of inauguration of FPCCI new Building that the sales tax refund would be paid to the tune of Rs.30 billion by 31st October 2016. The Minister also announced that income tax refund will all be paid by 31st December 2016.

Mr. Gulzar Firoz subsequently and leading exporters of Towel Mr. Naqi Bari also member of Core Committee UBG highly appreciated the efforts of Zubair Tufail in resolving the pending rebate issue. They said that on the direction of Chairman, Iftikhar Ali Malik and Patron-in-Chief, Mr. S.M. Munir, Zubair Tufail regularly visited Islamabad at his own expenses and persuaded the Ministry of Finance to agree to give the refunds to exporters so that the liquidity crunch faced by exporters be made ease and help the exporters to make further efforts to increase the exports.

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