May 24, 2022

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Pakistan Revenue

Tag: World Bank

IFC helps Engro in reducing plastic waste
Dec 6
Corporate, Trade & Industry

IFC helps Engro in reducing plastic waste

KARACHI: International Finance Corporation, a member of World Bank Group, has signed an agreement to assist Engro Corporation in reducing plastic waste, promoting recycling, and boosting the company’s energy efficiency. The project is part of IFC’s Pakistan Resource Efficiency Program, which aims to improve efficiency, cost-competitiveness, reliability, and productivity in the manufacturing sector, particularly in […]

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Pakistan assures World Bank of reforming power sector
Oct 15
Finance

Pakistan assures World Bank of reforming power sector

ISLAMABAD: Pakistan on Thursday assured the World Bank of taking measures to reform the power sector in the country with special focus on reducing circular debt. Federal Minister for Finance and Revenue Shaukat Tarin held a meeting today with Axel van Trotsenburg, Managing Director World Bank and the Bank’s Pakistan team at the World Bank […]

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World Bank approves $153 million for Pakistan COVID vaccine drive
May 14
National

World Bank approves $153 million for Pakistan COVID vaccine drive

ISLAMABAD: The World Bank’s Board on Friday approved the restructuring of the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020, to redeploy $153 million to support the ongoing national vaccine drive in Pakistan. These funds, redeployed at the request of the federal government, will help finance the purchase and deployment of […]

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World Bank, FBR discuss $400 million reform program
Apr 16
Taxation

World Bank, FBR discuss $400 million reform program

ISLAMABAD: The World Bank and Federal Board of Revenue (FBR) on Friday discussed reform program worth $400 million, which is aimed at automation of tax collection and simplification of tax compliance. A statement issued stated that the World Bank Country Director for Pakistan, Najy Benhassine called on Chairman FBR Mr. Asim Ahmad on Friday afternoon, […]

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Harmonizing general sales tax top priority: Hammad Azhar
Apr 6
Taxation

Harmonizing general sales tax top priority: Hammad Azhar

ISLAMABAD: Federal Minister for Finance, Revenue, Industries and Production, Mohammad Hammad Azhar on Tuesday said that harmonization of general sales tax is priority area of the government. Hammad Azhar, held a virtual meeting with Hartwig Schafer, Vice President South Asia Region, World Bank Group at the Finance Division. The federal and provincial tax authorities are […]

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FBR starts harmonizing Inland Revenue codes to simplify tax laws
Mar 3
Taxation

FBR starts harmonizing Inland Revenue codes to simplify tax laws

ISLAMABAD: Federal Board of Revenue (FBR) has started harmonizing Inland Revenue codes in order to simplify and consolidate the tax laws, sources said on Wednesday. The harmonization of IR codes has been started under World Bank funded ‘Pakistan Raises Revenue Project’.  The FBR said that it had received financing from the World Bank towards the […]

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World Bank approves $300 million for two projects in Pakistan
Dec 9
Finance

World Bank approves $300 million for two projects in Pakistan

ISLAMABAD: The executive board of the World Bank has approved $300 million for financing two projects in Pakistan – the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project. These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province, and will strengthen […]

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