Pakistan has enacted legislation requiring all government employees and parliamentarians to publicly disclose their assets by December 31. Finance Minister Senator Muhammad Aurangzeb said the law fulfills IMF directives and is a practical measure, not an additional condition. He emphasized that the move strengthens transparency, accountability, and public trust in governance.
Aurangzeb explained that civil servants’ and parliamentarians’ assets will appear on official websites, allowing citizens to track wealth declarations. He highlighted that this step aligns with broader reforms aimed at curbing corruption and improving institutional integrity. Authorities are working to ensure the system is accessible and accurate before the deadline.
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The minister stressed that job creation is primarily the responsibility of the private sector, not the government. He said the government is creating a favorable environment for startups and young entrepreneurs to drive employment and economic growth. Aurangzeb urged private businesses to lead innovation and investment, while the state provides regulatory support.
He highlighted the role of the digital economy and e-commerce in expanding business activities, widening the tax base, and increasing compliance. Aurangzeb said automation has improved transparency in tax collection, boosted confidence among taxpayers, and reduced corruption. He also noted that inflation remains under control, supporting economic stability.
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Finally, Aurangzeb pointed to Pakistan’s growing cryptocurrency market, with over 25 million users, mostly youth. He said licensing crypto exchanges will enhance digital finance, strengthen economic activity, and drive long-term sustainable growth. The government aims to integrate modern technologies with policy reforms to support innovation and youth-led entrepreneurship.