LAHORE: The Austra­lian High Commission, Punjab Revenue Authority (PRA) and McKinsey & Company signed on Monday a tripartite memorandum of understanding (MoU) for a diagnostic assessment of the authority to suggest a reforms process for improving the tax administration.

The MoU was signed in a ceremony at the PRA headquarters in the presence of Punjab Finance Minister Dr Ayesha Ghaus Pasha.

According to Shehzad Mehmood Gondal, a spokesman for the PRA, the scope of the MoU is to run a diagnostic review of the PRA and suggest ways and means to improve tax revenues to the tune of Rs150 billion in the next three years from Rs61.6bn for 2015-16.

The company engaged for this assignment, McKinsey & Company, is a renowned management consultancy firm, he said.

Published in Dawn, April 4th, 2017