ByIslamabad, Pakistan: The government has informed the International Monetary Fund (IMF) that it will implement a new digital portal for high-level public officials (BPS 17-22) to file their asset declarations.
The asset declarations will be made public through the FBR portal, with sufficient safeguards for data protection and privacy. This measure is aimed at strengthening transparency and accountability in the public sector.
The government will amend the Civil Servants Act of 1973 to ensure the digital filing and public accessibility of asset declarations. The Establishment Division will be responsible for conducting risk-based verification of the declarations. Pro Pakistani
The State Bank of Pakistan (SBP) and the Federal Ministry of Finance (FMU) are supporting banks in accessing asset declarations of high-level public officials to comply with anti-money laundering and counter-financing of terrorism (AML/CFT) obligations.
The FBR will launch a new digital portal by the end of September to facilitate the submission and processing of asset declaration requests. The government is also working with provinces to implement similar regulations for provincial public officials.
The government will continue to monitor banks’ utilization of asset declarations and address any challenges that may arise.
