Pakistan Institute of Development Economics (PIDE and the Federal Board of Revenue (FBR) on Friday signed a memorandum of understanding (MoU) for the provision of evidence-based policy reforms solution. Dr. Durre Nayab, Pro-Vice-Chancellor, PIDE, and Dr. Nasir Khan, DG FBR, signed the agreement. The MOU signing ceremony was held at VC’s office of the PIDE in Islamabad.
The MOU aimed to define the areas for fundamental, academic, and policy-oriented and will work together in the future for their mutual benefit to foster a collaborative framework between PIDE and FBR to benefit from each other’s initiatives and working procedures and to support collaboration among the researchers associated with both organizations.
The two government bodies agreed on jointly conducting collaborative research and short-term research activities. The implementation mechanism of these activities shall be devised mutually and will be subject to additional protocols. Both institutions will encourage their staff to strengthen cooperation in broad areas of tax policy and reforms.
According to the Press Release issued by the PIDE, it was mentioned in the MOU that to gain maximum benefit in a short period of time and to ensure transparency, both PIDE and FBR will be jointly responsible for nominating focal persons for implementing objectives agreed under the MOU in their respective organizations and communicate with each other. The focal persons of FBR and PIDE will meet regularly to develop a work plan with clear timelines.
In addition, FBR will assign research studies/reports and any other assessments to PIDE and Institute will provide detailed methodology along with the level of efforts (LoE).
It was also mutually agreed that the MOU shall be effective for three years from the date of final signature. It may be modified or extended by mutual written agreement by both organizations.