Islamabad, A mission from the Asian Development Bank (ADB) visited the Federal Board of Revenue (FBR) to assess advancements in Pakistan’s tax reform efforts under the Domestic Resource Mobilization (DRM) Program. The meeting highlighted significant achievements in the program’s implementation, including the rollout of crucial tax policies and digitalization initiatives.
According to Federal Board of Revenue, the ADB delegation, led by Senior Director Tariq Niazi from Manila, expressed satisfaction with the progress of the DRM Program. Discussions focused on the structural and policy reforms initiated under the program, which recently led to a $300 million disbursement by the ADB to Pakistan in December 2023. These funds support the ongoing transformation of FBR into a more efficient and digital-focused tax administration.
The meeting also covered the next steps in the DRM Program, aiming to complete Subprogram II by the end of 2024. This phase will build upon the initial reforms to fully operationalize the new policies and enhancements. Furthermore, FBR officials discussed their partnership with Karandaaz to develop a comprehensive digital strategy, aimed at automating processes and expanding the tax base through digitalization.