Islamabad, October 3, 2024 – In a significant move to enhance Pakistan’s tax collection framework and facilitate economic growth, World Bank (WB) Country Director Najy Benhassine met with Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Thursday to discuss the FBR’s Transformation Plan. The meeting focused on strategies to maximize revenue growth and align efforts under the ongoing Pakistan Raises Revenue Project.
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IMF and WB Group Announce Joint Bretton Woods at 80 Initiative
WASHINGTON, July 1, 2024 – In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference, the International Monetary Fund (IMF) and the World Bank (WB) Group today announced the launch of a new initiative.
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World Bank Pours $1 Billion into Pakistan’s Hydropower Project
To bolster Pakistan’s energy sector, the Executive Directors of the World Bank on Tuesday approved an additional $1 billion financing for the Dasu Hydropower Stage I (DHP I) Project.
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World Bank Vice President Applauds FBR Reforms
Islamabad, May 8, 2024 – In a significant meeting held at the Federal Board of Revenue (FBR) headquarters on Wednesday, Martin Raiser, Vice President of the World Bank, met with Amjed Zubair Tiwana, the Chairman of FBR and Secretary of the Revenue Division.
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World Bank Pledges Support for Pakistan’s Digitalization Efforts
The World Bank (WB) has reaffirmed its commitment to supporting Pakistan’s economic stabilization and revenue enhancement through comprehensive reforms and digitalization programs.
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World Bank and FBR Review Pakistan Revenue Program, Acknowledge Significant Achievements
Islamabad, July 20, 2023 – The Country Director of the World Bank, Najy Benhassine, and the Chairman of the Federal Board of Revenue (FBR), Asim Ahmad, held a meeting at the FBR Headquarters to evaluate the progress of the Pakistan Raises Revenue (PRR) Program during the last financial year.
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ACT Initiative: Developing Economies Can Leverage Trade to Meet Climate Goals
The World Trade Organization (WTO), the World Bank Group, and the World Economic Forum (WEF) on April 20, 2023 launched a new initiative called “Action on Climate and Trade” (ACT).
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Pakistan’s banking sector exposed to sovereign borrowing
Pakistan’s banking sector is facing growing risks due to its increasing exposure to the government, according to a report issued by the World Bank.
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Dar explains cancellation of visit to IMF, World Bank spring meetings
On April 8th, Pakistan’s Minister for Finance and Revenue, Muhammad Ishaq Dar, held a press conference to address the cancellation of his visit to the United States for the annual and spring meetings of the International Monetary Fund (IMF) and World Bank.
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World Bank paints bleak economic outlook for Pakistan; projects growth at 0.4%
The World Bank has painted a bleak economic outlook for Pakistan for the fiscal year 2023, with several factors contributing to the expected slow growth of only 0.4 percent.
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