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Home Business & Stock

FBR moves to publicise civil servants’ assets

MM News Staff by MM News Staff
October 8, 2025
Reading Time: 1 min read
File photo

File photo

In order to fulfil key condition of the International Monetary Fund (IMF), the Federal Board of Revenue (FBR) issued a draft to amend the Civil Servants’ Assets Declaration Rules here on Wednesday.

Under the proposed amendments, the assets of all government officers from Grade 17 to Grade 22 will not only be declared but also made publicly available, allowing citizens to view their holdings from the date of joining service till the present.

According to the FBR notification, the definition of a “public servant” will now include all officers of federal and provincial governments, autonomous bodies, and corporations. However, individuals exempted under the National Accountability Bureau (NAB) Ordinance 1999 will not fall under this definition.

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The FBR has invited feedback, objections, and suggestions from relevant stakeholders within seven days, warning that submissions received after the deadline will not be considered. The amendments, prepared under Section 237 of the Income Tax Ordinance 2001, are aimed at enhancing transparency and administrative clarity.

Officials said the move also seeks to improve the mechanism for exchanging and verifying asset declarations, in line with IMF requirements for stronger governance and accountability.

The individuals exempted under NAB Ordinance 1999 will not be included in this definition.

According to the notification, the amendments aim to increase transparency and administrative clarity, as efforts are being made to make the system of exchange of asset declarations more efficient.

The amendment draft was prepared under Section 237 of the Income Tax Ordinance 2001.

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