ISLAMABAD – The authorities has launched Rs100 billion to industry in tax refunds beneath the stimulus package deal of one,240 billion rupees announced by means of the prime Minister.

consultant to the high Minister on Finance and revenue Dr Abdul Hafeez Shaikh in a statement termed it as an unprecedented step taken by the government to assist enterprise and employment in difficult instances.

The tax refunds launched to the industry are the highest in the united states s records.

Dr Hafeez Shaikh similarly said the stimulus package ambitions to address the liquidity challenges confronted with the aid of the industry.

in the course of the current monetary year, the authorities has to this point launched 163 billion rupees in tax refunds to industry under GST and profits tax, that's over 61percent boom from one hundred and one billion rupees released in closing economic.