Pakistan likely to make asset disclosure mandatory for grade 17-22 employees

Pakistan is set to implement mandatory asset declaration for BS-17 to BS-22 officials as part of its commitment to key structural reforms outlined by the International Monetary Fund (IMF). 

An IMF mission is scheduled to visit Pakistan in April this year to prepare its report, which will be published by the end of July as part of the Structural Benchmark (SB) under the IMF program.

The government has agreed with the IMF to amend the Civil Servants Act, ensuring that asset declarations of senior public officials—including assets beneficially owned by them or their family members—are digitally filed and publicly accessible.

The system will be managed through the Federal Board of Revenue (FBR) with adequate safeguards to protect private information and a robust framework for risk-based verification by a single authority.

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To strengthen accountability and deter illicit enrichment, asset declarations of high-ranking public officials, similar to those of parliament members, will be made publicly accessible through legislative amendments (expected by end-February 2025), with limitations on personal data exposure.

The asset declaration process will be digitalized via the FBR and subject to risk-based verification by the Establishment Division.