FBR Refunds Rs. 197 Billion in First 2 Months of FY27

In practice, the Senate Standing Committee on Finance and Revenue has directed the Federal Board of Revenue (FBR) to provide details of tax refunds issued over the last 10 years within one week.

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• The session additionally reviewed the matter of foreign currency accounts confiscated in 1999 and the non-payment of profits on those accounts.
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• The authorities stated the International Monetary Fund (IMF) has set a Rs.
• 197 billion in refunds were issued during the first two months of the current fiscal year.

FBR authorities informed the committee that Rs. 197 billion in refunds were issued during the first two months of the current fiscal year. Refund payments were Rs. 40 billion higher than during the same period last year. FBR Scraps Super Tax for Exporters Earning Above Rs. 500 Million.

For context, the authorities stated the International Monetary Fund (IMF) has set a Rs. 390 billion limit for refunds, and the FBR cannot retain refunds above this amount. The tax authority issued Rs. 500 billion in refunds during the previous fiscal year.

Meanwhile, the session additionally reviewed the matter of foreign currency accounts confiscated in 1999 and the non-payment of profits on those accounts. Stay Connected with ProPakistani.

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In short, FBR Refunds Rs. 197 Billion in First 2 Months of FY27 is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.