ISLAMABAD; The Federal Board of Revenue (FBR) on Wednesday issued a draft to amend the Civil Servants’ Assets Declaration Rules, fulfilling a key requirement of the International Monetary Fund (IMF).
Under the proposed amendments, assets of all government officers from Grade 17 to Grade 22 will not only be declared but also made publicly accessible. This will allow citizens to view officials’ assets from the time they join service to the present.
According to the FBR notification, the definition of a “public servant” has been expanded to include officers of federal and provincial governments, autonomous bodies, and corporations. However, individuals exempted under the National Accountability Bureau (NAB) Ordinance 1999 will not be included.
The FBR has invited feedback, objections, and suggestions from stakeholders within seven days, clarifying that submissions received after the deadline will not be considered.
Prepared under Section 237 of the Income Tax Ordinance 2001, the amendments aim to enhance transparency and administrative clarity. Officials stated that the move also seeks to strengthen the mechanism for exchanging and verifying asset declarations, aligning with IMF’s governance and accountability requirements.
