ISLAMABAD: The Country Director Asian Development Bank (ADB) Ms. Emma Fan called on Chairman Federal Board of Revenue (FBR) Rashid Mahmood Lagrial  at FBR headquarters.

During the meeting, they discussed the progress on ADB funded projects and various other areas of mutual cooperation, said a news release.

Chairman FBR apprised about the Transformation Plan which envisages making FBR more dynamic, modern and in line with the international standards.

The chairman said that the purpose of reforms was to maximise revenue growth while facilitating tax compliance.

The Country Director expressed support for FBR’s initiatives and reiterated the ADB’s resolve to continue supporting the revenue mobilisation efforts in Pakistan.

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ADB to provide $500m loan for Pakistan

ISLAMABAD: Asian Development Bank (ADB) will provide $500 million loan to Pakistan...

Earlier, Asian Development Bank (ADB) will provide $500 million loan to Pakistan which will be spent on environmental and natural disaster protection programs.

Finance Minister Muhammad Aurangzeb with ADB President Masatsugu Asakawa. During the meeting, Asakawa indicated the provision of $500 million in loans and emphasized ADB’s commitment to supporting Pakistan’s development efforts.

According to the Ministry of Finance, the Asian Development Bank will give a loan of 500 million dollars to Pakistan, the money will be spent on environmental and natural disaster protection programs.