Adviser to the Prime Minister on Finance Dr Hafeez Sheikh oversaw the signing ceremony of three loan agreements. The first tranche worth $400 million is targeted at raising revenue to contribute to a sustainable increase in domestic income by broadening the tax base and facilitating compliance. Another $400m agreement is a higher education development programme pursuing to nurture academic excellence.
The third programme, worth $118m, is earmarked for revenue mobilisation and resource management project for the Khyber-Pakhtunkhwa (K-P).
Source: ExpressTribune
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