The Country Director World Bank Najy Benhassine and the Chairman Federal Board of Revenue (FBR) Asim Ahmad held a meeting on Thursday at FBR Headquarters in Islamabad to review the progress of Pakistan Raises Revenue (PRR) Program during the last financial year.
Improvement in provincial tax collection termed critical for human development
Business
January 24, 2021
ISLAMABAD: Improvement in tax collection by provinces is critically important to ensure sustainable investments for human resource development in the country, experts agreed.
They were addressing a webinar titled ‘towards a more innovative, effective and enabling provincial sales tax regime’, jointly organised by the Sustainable Development Policy Institute (SDPI) and Sub National Governance (SNG).
Vaqar Ahmed, joint executive director of SDPI said revenues of provinces must grow by almost 20 percent per annum in the medium term to sustain investments in human development and enable infrastructure development.
“This target can be achieved through having and using better data and evidence on tax avoidance and evasion and a structured sector-specific dialogue with private sector,” Ahmed said.