Pakistan Revenue
In a significant development for Afghanistan’s struggling economy, the World Bank has officially reopened its office in Kabul and announced the phased resumption of payments to local logistics and construction companies.
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KARACHI, May 14, 2025 — The World Bank has raised serious concerns about the structure and effectiveness of Pakistan’s tax system, highlighting its limited revenue generation, economic distortions, and disproportionate impact on low-income groups.
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Pakistan has once again been identified by the World Bank as having one of the weakest tax buoyancies among Emerging Market and Developing Economies (EMDEs), placing it in the bottom quartile.
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The World Bank has slightly lowered its GDP growth projection for Pakistan to 2.7% for the fiscal year 2025, down from its earlier forecast of 2.8%.
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The World Bank Group Board of Directors has given the green light for a $300 million International Development Association (IDA) loan to support the Punjab Clean Air Program (PCAP).
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Islamabad, November 26, 2024 – Pakistan and the World Bank held discussions on Tuesday to develop a robust and transparent tax policy framework aimed at boosting revenue mobilization, improving compliance, and ensuring equitable taxation.
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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 […]
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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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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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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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