Rs. 16 Billion Tax Refunds Paid by FBR to a Select Few Companies

In July 2020 news reports drew attention to the exponential amount of Rs. 16 billion made as tax refunds to a select few companies by a former Chairman of the Federal Board of Revenue during his tenure between May 2019 and April 2020. The matter was reported to have been brought up before the National Assembly Standing Committee on Finance, however, no comments were provided by FBR at the time. In it’s RTI to FBR, PILAP asked whether this information is true and the details of the payments made.