Exporters of knitwear dismayed by delay in tax refunds.
The value-added knitwear industry has expressed its disappointment over the performance of the Federal Board of Revenue's (FBR) newly launched Fully Automated Sales Tax e-Refund (FASTER) system, seeking a new and foolproof system for full and speedy release of refunds.
Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Vice-Chairman Shafiq Butt, in a statement, criticised the revenue board for not releasing billions of rupees in refunds for the exporters despite promises.
"FBR's commitment to release exporters'...
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