WB terms FBR’s performance under Revenue Program satisfactory

November 10, 2022 (MLN): The World Bank (WB) on Thursday termed the performance of the Federal Board of Revenue (FBR) under the Pakistan Raises Revenue Program satisfactory, said a statement released today.

A meeting was held between the chairman of FBR, Mr. Asim Ahmad, and the Country Director of World Bank, Mr. Najy Benhassine, Pakistan, to review the progress of the Pakistan Raises Revenue Program today.

FBR is implementing Pakistan Raises Revenue Program (PRRP) 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, it added.  

The World Bank has recently concluded the Mid-Term Review of the program from 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 the tax regime, automating tax administration, expanding the tax net, and harmonizing GST, etc, it noted.

The chairman of 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.

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