President Dr Arif Alvi while accepting the representation of a woman entrepreneur from Sialkot, directed a private bank to pay her the Local Taxes and Levies Drawback worth over Rs 3.73 million and report compliance to the Banking Mohtasib within 60 days.
According to the details, the complainant Shabnum Asif, a woman entrepreneur running a shoe export industry in Sialkot, had submitted LTLD cases to the authorized dealer i.e., the United Bank Limited’s SIE Branch, Sialkot during January, June and September 2018 for the year 2017-18 amounting to Rs 1.8 million which were duly received by the Bank’s Trade Officer.
Mrs Asif was never informed about any discrepancy by UBL or the State Bank of Pakistan (SBP) regarding her pending cases despite regular follow-ups.
On February, 17, 2018, she was informed about seven case files that were discrepant, however, she was not provided with any details.
She instantly resubmitted the files to the bank, after which the bank authorities intimated that the pending cases had been “time-barred” and advised her to re-submit the files but the SBP refused to consider the cases as being time-barred. Mrs Asif, then, approached the bank to compensate the full amount of their refund i.e Rs 1.86 million and consequent increment of Rs 1.86 million which came to Rs 3.73 million in total, but without any result. –APP
