KARACHI:

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Federal Board of Revenue (FBR) leadership to expedite the settlement of long-pending income and sales tax refund claims amounting to Rs96.6 billion, citing adverse effects on the financial liquidity and investment outlook of foreign investors in Pakistan.

In a letter addressed to FBR Chairman Rashid Mahmood Langrial, OICCI reiterated its concern over the substantial backlog of refunds despite recent progress by the tax authority. The chamber noted that as of September 2025, outstanding claims included Rs62.2 billion in income tax refunds and Rs34.4 billion in sales tax refunds, according to a summary enclosed with the communication.

"We value the continued cooperation of FBR in addressing refund claim

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