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PRR Project: World Bank Approves Additional $70m Credit
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World Bank Approves Additional $70 Million Credit
The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project, bringing the total funding to $470 million. This financing aims to enhance Pakistan’s domestic revenue collection and improve tax compliance. Building on previous successes, the project has already helped the Federal Board of Revenue (FBR) achieve multiple milestones. They have expanded the tax base by 1.5 million new taxpayers, simplified the t…
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