Govt to Make Senior Bureaucrats’ Assets Public
Asset details of Grade 17-22 administration officers will be declared and published on a designated administration website, according to a briefing given to the International Monetary Fund (IMF).
Asset details of Grade 17-22 administration officers will be declared and published on a designated administration website, according to a briefing given to the International Monetary Fund (IMF).
Article outline
- What happened
- What comes next
- The details
- The bottom line
Key points
- Authorities from the Federal Board of Revenue (FBR), Establishment Division and Finance Division briefed the IMF delegation on the measures related to asset declarations by civil servants.
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- Under the proposed framework, officers in Grade 17 to Grade 22 will have to disclose their assets.
- The Secretary Establishment Division and Secretary Finance Division additionally participated in the discussions, sources went on.
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Meanwhile, the development was discussed during discussions between Pakistan and the IMF on the fourth review of the country's $7 billion Extended Fund Facility (EFF) program, sources informed ProPakistani. IMF Satisfied With Pakistan.
IMF was informed regarding legislation introduced to regulate the financial conduct of administration employees. A new Section 15-A has been continued to the Civil Servants Act for this purpose.
Under the proposed framework, officers in Grade 17 to Grade 22 will have to disclose their assets. Their asset details will additionally be produced available through a designated administration website.
While relevant policy wings provided updates on tax policies, FBR authorities separately briefed the IMF on customs and income tax matters.
For context, the Secretary Establishment Division and Secretary Finance Division additionally participated in the discussions, sources went on. Stay Connected with ProPakistani.
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Taken together, the developments around govt to Make Senior Bureaucrats' Assets Public point to a situation that is still moving, and the coming days should bring more clarity.
