The Pakistan Raises Revenue Program (PRRP) has received positive feedback from the World Bank as it moves forward. Asim Ahmad, the chairman of the Federal Board of Revenue (FBR), and Najy Benhassine, the country director for the World Bank, held a meeting to discuss the program’s implementation and development.
With financial support from the World Bank, the FBR has been actively implementing the Pakistan Raises Revenue Program, aiming to expand the tax base and enhance compliance, ultimately leading to a sustainable increase in domestic revenue.
Recently, the program underwent a mid-term review from October to November, and the World Bank has expressed satisfaction with its progress. Notably, the project has introduced significant reforms to the tax system, focusing on simplification, automation, tax base expansion, and harmonization of the Goods and Services Tax (GST).
The chairman of FBR appreciated the joint efforts of both teams and highlighted that the program will further enhance ICT-based tax administration by bolstering FBR’s IT capabilities.
To ensure the realization of all anticipated outcomes, the FBR and the World Bank have decided to continue their commitment to pursuing the reform agenda under the project, with increased strength and focus. The collaborative efforts are aimed at bringing about positive and transformative changes to Pakistan’s revenue generation landscape.
