The $400 million project is the second full-scale attempt by the World Bank to reform the FBR in the past 15 years. Its earlier $150 million Tax Administration Reforms Project failed badly to deliver the desired results and the money went down the drain. In its latest report, the World Bank has kept the project’s development objective rating unchanged at satisfactory. However, the World Bank pushed the FBR to distribute performance rewards to its employees out of the loan money. The World Bank report noted that the $400 million project achieved three out of four project development objectives and six out of 10 performance-based conditions.

Source: The Express Tribune October 28, 2020 03:00 UTC