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Govt enforces asset disclosures for grade 17+ officers to meet IMF condition

Published on: July 7, 2025 3:31 PM

In a major move to increase transparency, the federal government has made it mandatory for all civil servants in Grade 17 and above to digitally declare their own and their family’s assets. This step fulfills a key condition set by the International Monetary Fund (IMF) and marks a significant shift in accountability for public officials.

The Civil Servants (Amendment) Act 2025, approved by the president and issued via a gazette notification, introduces a new Section 15-A to the original 1973 law. This new section ensures that government officials’ asset declarations are publicly available through the Federal Board of Revenue (FBR), although their personal details will remain confidential.

The Establishment Division has circulated the official notification to all federal ministries and departments. Officers must now report all domestic and foreign assets, along with their overall financial standing. This new digital system aims to improve transparency and curb corruption within the bureaucracy.

A strict deadline of July 25 has been set for the submission of financial asset statements for the fiscal year ending June 30, 2025. Officers must use the official form provided by the Establishment Division, which includes sections for both movable and immovable assets.

Failure to comply with the new rules may result in severe consequences. These include being charged with misconduct, potential demotion, or suspension of promotions. The policy also applies to officers posted in provinces, who must send their declarations directly to avoid procedural delays.

This enforcement includes senior officials from key groups such as the Police Service of Pakistan, Pakistan Administrative Service, Secretariat Group, and Management Group. The move is expected to set a new standard for accountability and strengthen public trust in state institutions.

Filed Under: Business Tagged With: Govt enforces asset disclosures for grade 17+ officers to meet IMF condition, International Monetary Fund (IMF), Latest, major move to increase transparency, the federal government has made it mandatory

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