The Federal Board of Revenue (FBR) has decided to publish data regarding banks’ access to the asset declarations of government officials as part of compliance with International Monetary Fund (IMF) conditions. The move aims to strengthen transparency and improve monitoring mechanisms related to financial disclosures.
According to an official FBR communication, banks are being provided access to the asset declarations of government officers from Grade 17 to Grade 22 through a dedicated digital portal. This access is being granted for the purposes of anti-money laundering (AML) compliance and combating the financing of terrorism (CFT).
The decision is being implemented under IMF benchmark clause 38(F), which requires the FBR to publish relevant data on its official website by June 2026. The objective is to promote transparency and ensure awareness among financial institutions regarding the use of this facility.
Under the same requirement, FBR will also publish detailed statistics showing the number of requests received from banks between December 2025 and May 2026, along with information on how many were approved or rejected.
During the six-month period, a total of 2,628 requests were received by the system. Out of these, 2,205 requests were approved, while 423 were rejected, according to the data shared by the tax authority.
Officials say the system is part of broader reforms aimed at improving financial oversight and aligning Pakistan’s regulatory framework with international standards. The initiative is expected to enhance accountability and reduce risks related to financial misuse within the public sector.
