The federal cabinet has approved a key amendment to the Civil Servants Act, 1973, making it mandatory for government employees from Grade 17 to 22 to declare their assets. The move aims to enhance financial transparency and accountability within the bureaucracy.
Under the proposed amendment, a new Section 15-A will be added to the law, requiring officials to disclose both domestic and foreign assets, including those held by their immediate family members. These declarations must be submitted online through the Federal Board of Revenue (FBR) portal.
One of the most significant aspects of the amendment is that the declared assets of government officials will be accessible to the public. This measure is intended to promote transparency and curb financial misconduct within the civil service.
The government is also introducing a digital filing system, ensuring that officials declare all foreign bank accounts, properties, and investments. Sources indicate that this initiative has been designed with privacy and security considerations in mind. Recommendations from the FBR, the Ministry of Finance, and the Ministry of Law have been incorporated to address potential concerns.
The decision comes in response to the International Monetary Fund’s (IMF) insistence on strict financial disclosure policies. During its recent visit, the IMF refused to relax asset declaration requirements, prompting the government to move forward with legislative amendments.
Once finalized, the amendment draft will be presented in Parliament for approval. If passed, it will be shared with the IMF delegation as part of Pakistan’s compliance with financial transparency commitments.
This reform is expected to bring greater accountability within the bureaucracy and address concerns over undeclared wealth among government officials. By making asset records publicly accessible, the government aims to strengthen trust in state institutions and uphold principles of good governance.
