Karachi  (Staff Reporter): President of  KCCI Abdullah Zaki has welcomed the Federal Finance ministry’s decision to settle refund claims of 26,000 cases by April 15, 2014 whose refund claims are less than Rs1 million. Abdullah Zaki pointed out that a total of 36,000 cases pertaining to refund claims were lying pending at FBR, of which claims of 26,000 cases were less than Rs1 million. In a statement, Abdullah Zaki appreciated the Federal Finance Minister Ishaq Dar for directing the concerned authority to settle refund claims of 26,000 cases which will certainly provide a sigh of relief to exporters who were very concerned about the likely losses to be suffered by them due to depreciation of US dollar.

Within one year of its rule, PML-N government has shown that it has given the task of economic revival to intellectual policymakers who are trying their best to effectively pull the country out of crisis under the leadership of Prime Minister Nawaz Sharif and the supervision of Finance Minister Ishaq Dar.

Abdullah said that weakening of dollar against rupee and other economic indicators showing signs of improvement have helped restore the confidence of local business community and foreign investors, who believe the economy is on the right path to progress and prosperity.

Abdullah further hoped that the government will continue to unveil such pro-business initiatives in the day to come as only these steps can rescue Pakistan’s economy from the clutches of IMF. “We are ready to utilize all our expertise and resources to promote industrialization and expansion in the country but the government must also continue to support the business community and refrain from taking anti-business moves which if done would ensure further progress and prosperity for the country”, he added.