One of Pakistan’s leading tractor manufacturers, Millat Tractors Limited, on Monday rebuked the Federal Board of Revenue (FBR) over a Rs18 billion sales tax demand, terming it “unrealistic and illegal”. In a notice to the Pakistan Stock Exchange (PSX), Millat said it shall avail all appellate forums to contest the FBR’s order. “This refers to the news published in BUSINESS RECORDER regarding the order of Rs18 billion in respect of Sales Tax liabilities and penalties by FBR. “The said order is related to the disclosure made on June 24, 2024,” it said. BUSINESS RECORDER on Monday reported that FBR has raised a huge sales tax demand of Rs18 billion against a leading tractor manufacturing company in line with the implementation order of President Asif Ali Zardari. “The FBR has timely implemented an order of the President and completed an audit of the said company, resulting in sales tax demand of Rs18 billion,” stated the report. The FBR has also confirmed to the President of Pakistan that the quasi-judicial /adjudication proceedings have been finalized against the said…