The Federal Board of Revenue has ordered a fact finding inquiry to investigate the failed attempt of emergency procurement under the $400 million Pakistan Raises Revenue Program (PRRP) through the World Bank. Sources said that Chairman FBR has designated Chief Commissioner RTO Rawalpindi Dr Khalid Mahmood Lodhi to conduct a fact finding inquiry to investigate the failed attempt of emergency procurement under PRRP through World Bank. Article continues after this advertisementThe inquiry officer shall also look into the aspect with regard to contribution of the World Bank officials and procurement specialist towards the failed procurement attempt. Under the PRR Program, Pakistan and WB agreed to increase Pakistan’s tax to GDP ratio to 17 per cent, increasing the number of active taxpayers to 3.5 million, reducing the compliance burden of paying taxes, and improving the efficiency of customs controls. Earlier, it was also reported that CIO Mansoor sultan also resigned from his position due to differences over his salary packageThe scribe approached spokesperson of FBR Asad Tahir for comments on fact finding inquiry but no reply was received till filing of story.

Source: Pakistan Today February 19, 2022 04:57 UTC