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Pakistan seeks another loan from World Bank to reform revenue body – Alfalah Securities Limited

Karachi: Pakistan has formally requested the World Bank to obtain another multimillion dollar loan to develop a fresh reform project for the Federal Board of Revenue (FBR).

According to Alfalah Securities Limited, the World Bank and the UK-based Department for International Development (DFID)-funded ongoing tax administration reform project (TARP) is going to expire on December 31, despite getting an extension, but the World Bank had refused to grant any further extension, leaving no other option, but to seek new project loan from the bank.

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