Islamabad: World Bank has approved a loan 304 million dollar improving the public finance management system.
According to the press release of the world bank, the loan will bring improvement in financial matters of public sector programs running under it. While the program will also strengthen Public finance management system of the federation and Punjab.
As per the release, the program will bring ease to Pakistan in tax collection and will help in registering businesses of real state.
The World bank further stated that the process of registration for business persons will become easy from the program while it will improve system of payments, receiving of refunds and appeal against the tax officials.