ISLAMABAD: A steering committee has been established for reforms and automation in Federal Board of Revenue (FBR).
Prime Minister Shehbaz Sharif will be the chairman of the 10-member steering committee, whose formal notification has also been issued.
Apart from this, the Federal Ministers of Finance, Commerce, Industry and Production, Law will be members of the Steering Committee.
The committee will take stock of the implementation status of the approved FBR reform plan and issue directions to facilitate the expeditious implementation of the reform agenda of FBR.
The Finance Division will provide secretarial support to the Committee and take further necessary action for notification of the subject committee accordingly.
[embedpost slug="staff-level-agreement-reached-with-pakistan-announces-imf"]
Earlier, In an official statement released by a delegation from the International Monetary Fund (IMF) led by Nathan Porter, it was announced that the IMF has reached a preliminary agreement with Pakistan regarding the second and final evaluation of the country’s stabilization program, which is backed by the IMF’s approved US$3 billion (SDR2,250 million) Stand-By Arrangement (SBA).
This agreement is contingent upon approval by the IMF’s Executive Board, following which the remaining portion of the SBA, amounting to US$1.1 billion (SDR 828 million), will be made accessible.
