The Federal Government has met another important condition set by the International Monetary Fund (IMF). The Federal Board of Revenue (FBR) issued a new notification, requiring officers of Grade-17 and above to publicly declare their assets.
Under Section 237(1) of the Income Tax Ordinance 2001, the FBR has introduced amendments to the Sharing of Declaration of Assets of Civil Servants Rules 2023.
These changes were first announced on October 7, 2025, through notification 1912(I)/2025, and have now been finalized after receiving public feedback, as mandated by law.
The latest FBR notification includes several updates, the most notable being the replacement of the word “civil” with “public” throughout the rules. This change has also been applied in Rule 1(1).
Additionally, a new clause (ii-a) has been added to Rule 2, which defines a public servant as an officer of Grade-17 or above working in federal or provincial governments, autonomous bodies, state-owned corporations, or government-owned companies.
This definition also covers employees under the Civil Servants Act 1973, except for those exempted under Section 5(n)(iv) of the National Accountability Ordinance 1999.
According to the FBR, these amendments aim to make the asset declaration system more transparent, effective, and easier to understand. They will also improve the sharing of information about the assets of government and semi-government officials.
Analysts say the move reflects Pakistan’s efforts to comply with IMF requirements and to advance long-overdue governance reforms.
As part of its loan program conditions, the IMF recently released the Governance and Corruption Diagnostic Assessment Report for Pakistan, highlighting that corruption remains a major challenge that affects economic activity and institutional performance.
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