The Federal Board of Revenue (FBR) has moved forward to expand the scope of public assets declarations, in which all senior government officials, including sovereign institutions and state -owned companies, need to publicly announce their assets publicly.
The move has emerged as part of efforts to increase transparency and measure the needs of the key governance set by the International Monetary Fund (IMF).
On Wednesday, the FBR released the SRO.1912/2025, which introduced a draft amendment for sharing assets of government employees’ assets, 2023. Earlier, only employees operating under the Government Employees Act 1973 needed to announce their assets under these principles.
The new definition of the “government employee” now includes any officer of the federal or provincial government, as well as individuals involved in independent institutions, corporations and government -owned companies, provided they get a salary degree of 17 or more. However, under the National Accountability Ordinance, 1999, exemptions will not be covered.
Under the proposed amendments, the assets of all government officials from Grade 17 to Grade 22 will be made public, which will allow citizens to see their holding from the present time to the service.
The FBR has invited the stakeholders’ opinions, objections and suggestions within seven days, and warning that late requests will not be considered.
Officials say the amendments prepared under Section 237 of the Income Tax Ordinance 2001 are designed to improve transparency, management explanation, and exchange of exchange and asset declarations verification procedures.