Pakistan, June 11 -- The World Bank has approved an additional $70 million credit for the Pakistan Raises Revenue project to boost Pakistan's domestic revenue collection and improve tax compliance. This additional financing brings the total amount of resources under the project to $470 million. It builds upon important gains achieved by the Federal Board of Revenue (FBR) through the project, including a broadened tax base with 1.5 million new taxpayers, a simpler and more progressive tax system with fewer withholding tax lines, upgraded Information Technology (IT) infrastructure including a single portal for sales tax payments and compliance, and establishment of business intelligence and data tools to improve compliance. FBR has also impro...