PARCO Seeks Govt’s Help in Sales Tax Refunds

Finance Minister Muhammad Aurangzeb met the Executive Vice President Oceania & South Asia PARCO Mehmet Celepoglu accompanied by CEO & MD Total PARCO Asif Iqbal at the Ministry of Finance today. Celepoglu expressed appreciation for the government for its robust macroeconomic performance, emphasizing its positive impact on the business environment. He expressed gratitude for the government’s proactive measures significantly benefiting the industry. The delegation requested facilitation regarding sales tax refunds and documentation procedures with the SBP. The finance minister appreciated the business plans of PARCO in Pakistan and thanked the delegation for their constructive feedback. He highlighted the substantial increase in Pakistan’s foreign exchange reserves and underscored the ongoing support from multilateral institutions and the IMF, which are expected to further stabilize the economic landscape. The minister also outlined the government’s efforts to enhance the tax-to-GDP ratio & tax base to improve economic growth and fiscal discipline and reiterated investment facilitation processes of the government.