World Bank sees ‘moderate’ progress in Pakistan's tax reforms
ISLAMABAD: The World Bank on Wednesday rated its two loan programmes in Pakistan, worth around $670 million, as ‘moderately satisfactory’ with ‘substantial risk’. The programmes are intended to support macroeconomic stability, improve service delivery and increase the tax-to-GDP ratio to 15pc in five years. In its public disclosure, the Washington-based lending agency rated the overall…
The World Bank has rated its two loan programmes in Pakistan as 'moderately satisfactory' with 'substantial risk'. The $670 million financing, known as the Pakistan Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA), is intended to support macroeconomic stability, improve service delivery, and increase the tax-to-GDP ratio to 15pc in five years.
Despite these risks, the bank has noted strong progress across most disbursement-linked indicators, indicating continued momentum in the reform programme. However, the bank has also flagged substantial risks to the $70 million Connected Punjab Programme, citing political, governance, macroeconomic, and fiduciary reasons. The programme, focused on broadband access, digital service delivery, and enhanced cashless transactions, has received strong institutional preparedness from the Punjab Information Technology Board.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
