Earlier, the Pakistan Tehreek-e-Insaf (PTI) government took a $400 million loan from the World Bank for reforms in the Federal Board of Revenue (FBR). Pakistan is going to take a $300 million loan at over 6% interest for reducing tax gap to 20% of the potential tax collection. With the successful commercial operation of coal power plants in Thar coal fields, it is imperative that the growing coal demand should be met through Thar coal to displace imported coal. Such initiatives have already been noticed where the upcoming coal-based power capacity addition is being designed on Thar coal. It agreed to increase the project cost by 161%, or Rs37 billion, compared to the 2015 estimate of Rs23 billion.

Source: The Express Tribune September 08, 2023 16:33 UTC