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Pakistan

World Bank approves $304 million for PRIDE programme

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The World Bank has approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness Programme (PRIDE).

The program is supposed to support efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in Punjab.

It will improve revenue collection by increasing the registration of businesses and real estate entities.

Moreover, it is also supposed to improve and simplify tax administration processes such as registration, filing, payment, refunds, and filing of appeals.

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