IMF Condition Spurs New Asset Rules for Officers
Pakistan has advanced its ongoing economic review discussions with IMF by successfully fulfilling another key structural condition of the financial assistance program.
The Federal Board of Revenue has issued a draft amendment to the Civil Servants Rules, expanding the definition of public servants under the Asset Rules Reform.
According to the official notification, officers in grades 17 to 22 from both federal and provincial departments will now be required to declare their complete assets.
The revised rule will also apply to employees working in autonomous bodies, government-linked organizations, and various public corporations across different administrative jurisdictions.
However, individuals exempted under the National Accountability Bureau Ordinance 1999 will remain outside the scope of this newly introduced definition of public servants.
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This exemption is meant for specific cases that are already being handled under separate accountability mechanisms defined by existing national anti-corruption laws.
The amendment, prepared under Section 237 of the Income Tax Ordinance 2001, aims to enhance transparency and strengthen the framework for exchanging asset declarations.
Officials believe this initiative will bring Pakistan’s administrative practices closer to international standards of financial transparency and institutional accountability.
The FBR has invited relevant stakeholders to submit their suggestions and objections regarding the proposed amendment within seven days from the date of issuance.
According to the official statement, any feedback or submissions received after the deadline will not be taken into consideration by the authorities.
