Business

Govt Expands Asset Disclosure Rule to Grade 17+ Officers

The government has made it mandatory for all officers in BPS-17 and above to publicly declare their assets, fulfilling a key condition of Pakistan’s IMF programme. The Federal Board of Revenue (FBR) issued the amendment through SRO 2263, revising the Sharing of Declaration of Assets of Civil Servants Rules, 2023.

Under the new framework, officers in federal ministries, provincial departments, autonomous bodies, and state-owned enterprises must submit detailed information on properties, vehicles, cash holdings, and other assets. This ensures transparency and allows citizens to track official holdings from the start of their service.

An FBR spokesperson said,

“Expanding asset disclosure to a wider category of public servants strengthens accountability and aligns Pakistan with international governance standards monitored by the IMF.”

Officials confirmed the rule covers employees of institutions like WAPDA, PIA, Sui Gas, and OGDCL, while exemptions apply only under the National Accountability Ordinance.

Analysts believe the move addresses long standing transparency gaps in public sector asset reporting and could enhance trust in government institutions, a key factor in securing IMF support.