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

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, says an official press release.

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.