The federal government has announced a major transparency initiative. Senior officials’ asset details will be made publicly available online. The finance ministry shared the update on Friday. The system will go live by the end of 2026.
The move aims to strengthen accountability in public service. It also supports Pakistan’s commitments under anti-money laundering reforms. The government has already informed the International Monetary Fund about the plan.
Under the new framework, assets of high-ranking officials will come under closer scrutiny. The review will take place as part of the national AML system.
Officials in grades 17 to 22 will submit full asset declarations. These will include both domestic and foreign assets. The requirement will apply at federal and provincial levels. Assets of all civil servants will also be published online.
The finance ministry said the digital platform will include privacy safeguards. Strong data-protection measures will be built into the system. A risk-based verification mechanism will also operate. This system will flag suspicious or inconsistent declarations.
Banks will play a key role in the process. They will review officials’ assets under AML regulations. Financial institutions will help identify potential irregularities. This step will align financial oversight with governance reforms.
The framework will also cover employees of government institutions. Assets held by officials across state bodies will face scrutiny. The aim is to close gaps in accountability mechanisms.
The announcement follows an IMF assessment on governance and corruption. The Governance and Corruption Diagnostic report highlighted corruption risks across state institutions. It called for stronger transparency and integrity systems.
The IMF recommended public disclosure of senior officials’ assets by 2026. It also urged reforms to accountability institutions. These included ensuring full independence of the Auditor General of Pakistan.
The report advised improving money laundering investigations. It suggested removing legal ambiguities on predicate offences. It also called for strengthening the National Accountability Bureau’s independence and performance.
Another key recommendation focused on asset declarations. The IMF proposed creating a centralised authority. This body would collect, digitise, and publish asset records of senior public officials.
The government says the new system reflects these recommendations. Officials believe the reform will improve public trust. Greater transparency is expected to deter corruption. The initiative marks a significant step in governance reform.
