World Bank appreciates FBR on pace of sales tax reforms

• World Bank Regional Director called on Chairman FBR
• Both discussed various FBR initiatives for revenue mobilization
• They expressed satisfaction on progress of PRRP

ISLAMABAD: World Bank has appreciated Federal Board of Revenue (FBR) for the pace of reforms for sales tax harmonization.

World Bank Regional Director Mr Mathew Verghis, called on Chairman FBR Mr Asim Ahmad at FBR head office. He was accompanied by World Bank Country Director Mr Najy Benhassine and his team.

During the meeting, both sides discussed various initiatives of FBR for revenue mobilization and sales tax collection.

They also reviewed the progress of Pakistan Raises Revenue Program (PRRP) being implemented with financial assistance of the World Bank. Both sides expressed satisfaction with the progress of the project.

The program is expected to contribute to a sustainable increase in domestic revenue by broadening the tax base.  The Regional Director in particular appreciated the progress made in harmonizing the Sales Tax.

Chairman FBR Asim Ahmad praised the efforts of the teams on both sides and expressed optimism that the program will further upgrade IT-based capacities of FBR for strengthening of tax administration.

The FBR and World Bank agreed to continue cooperation in pursing the reforms agenda under the project.

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