The business community of the entire country was passing through a very tough time due to the impact of Covid-19 pandemic and it was high time that FBR should allow adjustment of income tax and sales tax refunds against payable taxes to facilitate business sector of Pakistan. This demand was made by Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry. He said that refunds amounting to billions of rupees of business community were stuck up with FBR while the refunds of 2015 were still not paid due to which private sector was facing liquidity issues. However, he said that in the prevailing circumstances, FBR should allow adjustment of all refunds against customs duty and other payable taxes that would greatly facilitate the business community. Muhammad Ahmed Waheed said that due to Covid-19 pandemic, businesses and industrial units have suffered massive losses and they were also facing great problems in payment of taxes. Therefore, adjustment of income tax and sales tax refunds against payable taxes would provide them a great relief in these difficult times. ICCI President said that chambers of commerce and industry of the country have sent their budget proposals to the government and he appealed to the Adviser on Finance Dr. Hafeez Sheikh to personally monitor that budget proposals of business community were not assigned to dustbins, but they were included in the Federal Budget 2020-21. He said that for the first time in Pakistan’s history, our economy was likely to show negative growth due to Covid-19, therefore, it was very important to give due weightage to the budget proposals of private sector to steer the economy out of current challenges.