Govt Moves to Amend Asset Rules for Senior Officers to Meet IMF Condition

ISLAMABAD: The government has fulfilled another major condition set by the International Monetary Fund (IMF) by initiating amendments to asset declaration rules for senior civil servants from Grade 17 to 22.

According to sources, the Federal Board of Revenue (FBR) has released a draft amendment to the rules governing asset declarations of public servants. Under the proposed changes, all officers from Grade 17 and above — across federal and provincial governments, autonomous bodies, and public corporations — will be required to declare their assets.

The FBR stated that the revised definition of a “public servant” will specifically include officers from Grade 17 upwards. However, individuals exempt under the NAB Ordinance 1999 will not be covered under the new rules.

FBR has requested feedback and suggestions on the draft from relevant stakeholders within seven days.

Officials said the amendments aim to increase transparency and administrative clarity. Additionally, efforts are being made to enhance the effectiveness of the asset declaration and information-sharing system.

These reforms align with IMF’s demands for greater financial accountability and transparency within the public sector as part of Pakistan’s ongoing bailout program.