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FBR Fails to Establish Settlement Company to Clear Pending Refunds

The Federal Board of Revenue (FBR) has failed to establish FBR Refund Settlement Company Limited to clear pending refunds of billions through the issuance of sales tax bonds to the exporters. The Auditor General of Pakistan (AGP) has directed the Federal Board of Revenue (FBR) to explain the excess reporting

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SBP Increases Limit for Agri-Financing to Rs. 5 million

The State Bank of Pakistan (SBP) has enhanced the limit of agriculture financing from Rs. 1 million to Rs. 5 million through amendments in ‘Prudential Regulations’ (PRs) aimed at enabling banks and development financial institutions (DFIs) to streamline the flow of credit to farm and non-farm sectors. According to the

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