{"id":100990,"date":"2025-01-07T11:37:41","date_gmt":"2025-01-07T06:37:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100990"},"modified":"2025-01-07T11:37:44","modified_gmt":"2025-01-07T06:37:44","slug":"wb-extends-118m-kprmp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-extends-118m-kprmp.html","title":{"rendered":"USD 118mn KPRMP gains WB’s approval"},"content":{"rendered":"\n

Peshawar: The World Bank (WB) has granted exceptional approval to extend and restructure the USD 118 million Khyber Pakhtunkhwa Revenue Mobilisation and Public Resource Management Programme (KPRMP). This information is sourced from an article on January 7.<\/p>\n\n\n\n

Read: <\/strong>KP approves Peshawar-DI Khan Motorway project<\/a><\/p>\n\n\n\n

According to the details, this decision aims to improve programme outcomes and ensure the completion of its components, despite its current moderately unsatisfactory performance rating. The five-year programme includes a USD 100 million results-based component linked to measurable targets and a USD 18 million Investment Project Financing (IPF) component to support technical assistance, capacity building, and e-government initiatives.<\/p>\n\n\n\n

The restructuring extends the programme’s timeline to June 30, 2026, revises indicators and methodologies to align with updated frameworks, and redefines operational structures to enhance execution.<\/p>\n\n\n\n

Notable progress has been made, including an increase in KP\u2019s tax revenue from PKR 14.3 billion in FY2019 to PKR 56 billion in FY2024, exceeding the programme target. This growth is largely driven by improvements in the general sales tax on services (GSTS), with a significant rise in registered taxpayers and compliance rates.<\/p>\n\n\n\n

Urban Immoveable Property Tax (UIPT) records in key districts have been digitized and linked to advanced systems, expanding the tax base and enabling higher collections.<\/p>\n\n\n\n

Public investment management has also improved, with a greater share of Annual Development Programme funds directed toward capital investments and a reduction in allocations to unapproved projects. Additionally, over 120 Tehsil Municipal Authorities are now using centralised financial systems to streamline operations.<\/p>\n\n\n\n

Read: <\/strong>KP Govt hosts successful investment roadshow in Islamabad<\/a><\/p>\n\n\n\n

With USD 94.82 million disbursed so far, the restructuring and extension are expected to address remaining challenges, including delays caused by the COVID-19 pandemic, and enhance programme efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"

Peshawar: The World Bank (WB) has granted exceptional approval to extend and restructure the USD 118 million Khyber Pakhtunkhwa Revenue Mobilisation and Public Resource Management Programme (KPRMP). This information is sourced from an article on January 7. Read: KP approves Peshawar-DI Khan Motorway project According to the details, this decision aims to improve programme outcomes and ensure the completion of its components, despite its current moderately unsatisfactory performance rating. The five-year programme includes a USD 100 million results-based component linked to measurable targets and a USD 18 million Investment Project Financing (IPF) component to support technical assistance, capacity building, and e-government initiatives. The restructuring extends the programme’s timeline to June 30, 2026, revises indicators and methodologies to align with updated frameworks, and redefines operational structures to enhance execution. Notable progress has been made, including an increase in KP\u2019s tax revenue from PKR 14.3 billion in FY2019 to PKR 56 billion in FY2024, exceeding the programme target. This growth is largely driven by improvements in the general sales tax on services (GSTS), with a significant rise in registered taxpayers and compliance rates. Urban Immoveable Property Tax (UIPT) records in key districts have been digitized and linked to advanced systems, expanding the…<\/p>\n","protected":false},"author":88,"featured_media":94259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[61520,61521,61519,48051],"persona":[],"class_list":{"0":"post-100990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-khyber-pakhtunkhwa-revenue-mobilisation-and-public-resource-management-programme-kprmp","9":"tag-kprmp-news-and-updates","10":"tag-world-bank-wb-news-and-updates","11":"tag-world-bank-wb-funded-project","12":"cat-15017-id"},"acf":[],"yoast_head":"\nWB Extends $118M KPRMP- Zameen News<\/title>\n<meta name=\"description\" content=\"WB approves extension and restructuring of the USD 118M KPRMP, boosting revenue and resource management in KP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-extends-118m-kprmp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB Extends $118M KPRMP- Zameen News\" \/>\n<meta property=\"og:description\" content=\"WB approves extension and restructuring of the USD 118M KPRMP, boosting revenue and resource management in KP.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-extends-118m-kprmp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - 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