Ahsan Iqbal Gives FBR Rs. 57 Billion

In practice, the federal administration has moved ahead with a Rs.

Key points

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• 5.76 billion project to revamp facilities at the Pakistan Sports Complex in Islamabad was additionally approved.
• FBR informed the forum that the investment would assist raise Pakistan's tax-to-GDP ratio to 13.5 percent by 2029 and bring more taxpayers into the formal tax system.
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• The project is proposed to be financed through foreign funding under Asian Development Bank technical assistance through a soft-term loan.

In practice, the federal administration has moved ahead with a Rs. 57.1 billion project to transform the Federal Board of Revenue's (FBR) administration and growth the taxpayer base.

Notably, the Central Development Working Party (CDWP) recommended the Transforming and Digitalizing Revenue Administration (TADRA) Project to the Executive Committee of the National Economic Council (ECNEC) for further consideration.

For context, the project is proposed to be financed through foreign funding under Asian Development Bank technical assistance through a soft-term loan. FBR Refunds Rs. 197 Billion in First 2 Months of FY27.

During the session, Planning Minister Ahsan Iqbal stressed that the project must have clearly defined and measurable outcomes, particularly in terms of further revenue, improvement in the tax-to-GDP ratio and expansion of the taxpayer base.

CDWP recommended the project to ECNEC with a condition that the Pakistan Institute of Development Economics (PIDE) thoroughly review its business model.

Separately, the CDWP approved a Rs. 5.01 billion project for expanding commercial-scale olive cultivation in Pakistan. While the minister directed that the potential of the Potohar region additionally be incorporated, the initiative will focus on expanding olive farms in Balochistan and newly merged districts.

In practice, a Rs. 5.76 billion project to revamp facilities at the Pakistan Sports Complex in Islamabad was additionally approved. The work includes rehabilitation of existing facilities, electrical systems, HVAC, plumbing and firefighting infrastructure, along with new security and surveillance systems. Stay Connected with ProPakistani.

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For now, ahsan Iqbal Gives FBR Rs. 57 Billion remains the part of the story worth watching, and further updates are likely as more details are confirmed.