The Senate Committee on Finance has asked the FBR for the details of refunds for the last 10 years within a week.

Federal Board of Revenue (FBR) officials say that refunds worth 197 billion rupees were issued in 2 months of the current fiscal year, which is 40 billion rupees more than the previous fiscal year.

Officials say that the IMF has set a limit of 390 billion rupees to keep refunds, FBR cannot keep refunds of more than 390 billion rupees.

FBR officials further say that refunds worth Rs 500 billion were issued last financial year.