World Bank terms FBR performance under Pakistan Raises Revenue Program as Satisfactory

BusinessWorld Bank terms FBR performance under Pakistan Raises Revenue Program as Satisfactory

ISLAMABAD, Pakistan: A meeting was held between the Chairman Federal Board of Revenue (FBR) Asim Ahmad and the Country Director World Bank Najy Benhassine to review the progress of Pakistan Raises Revenue Program (PRRP) on Thursday at the FBR Headquarters in Islamabad.

The FBR is implementing Pakistan Raises Revenue Program with financial assistance from the World Bank.

The program is expected to contribute to a sustainable increase in domestic revenue by broadening the tax base and facilitating compliance.

The World Bank has recently concluded the Mid-Term Review of the program in October to November 2022.

Based on initial findings, the World Bank has expressed overall satisfaction with the progress of the Project due to major reforms in simplifying tax regime, automating tax administration, expanding tax net, harmonizing GST etc.

The Chairman FBR praised the efforts of the teams on both sides and added that the program is going to further strengthen Information Communication Technology (ICT) based tax administration through upgrading and enhancing IT based capacities of FBR.

The FBR and World Bank agreed to keep pursuing the reforms agenda under the project with renewed vigor and focus to ensure that all the desired results are achieved.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

President for enhanced partnership with WHO to overcome health challenges

ISLAMABAD, Pakistan: President Dr. Arif Alvi has called for further enhancing the partnership between the World Health Organization (WHO) and health authorities in Pakistan...

8,912 Pakistani workers employed in Romania over last five years

ISLAMABAD, Pakistan: In a distinguished ceremony commemorating the Romanian National Day, the Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis and Human...

Polio Campaign: Health Minister visits nomadic population in Mianwali

MIANWALI, Pakistan: The Health Minister Dr. Nadeem Jan demonstrated a hands-on approach to the ongoing polio campaign by visiting the nomadic population in the...

AUD to INR: Australian Dollar to Indian Rupee Today – 30 November 2023

The Australian Dollar (AUD) was trading at 55.41 as per the Indian Rupee (INR) on Thursday.Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 30 November 2023

The US Dollar (USD) was being bought and sold at Rs 285.4 and Rs 288 in the Open Market against the Pakistani Rupee (PKR)...