FBR officials miss asset declaration deadline amid IMF reforms

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FBR officials miss asset declaration deadline amid IMF reforms
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ISLAMABAD: Several officials of the Federal Board of Revenue have failed to declare their assets, raising concerns over transparency and compliance with reforms agreed with the International Monetary Fund. The development comes as Pakistan continues efforts to meet key conditions under its ongoing economic reform programme.

According to official sources, the FBR has completed scrutiny of asset declarations submitted by its officers and identified multiple cases of non-compliance. A number of officials did not provide details of their assets and liabilities, which is a mandatory requirement under the government’s accountability framework and IMF-backed reforms.

In response, the FBR has issued formal directives to senior officials, including members, chief commissioners, and director generals, instructing them to ensure full compliance. Officers have been asked to submit complete records of their assets covering the last 10 years of service. The board has emphasized that accurate and timely declarations are essential to strengthen transparency within the tax administration.

A final notice issued by the tax authority highlighted that several officers had still not complied despite earlier instructions. The FBR has set a strict deadline of April 24, 2026, for submission of all pending asset declarations up to June 30, 2025. Officials who fail to meet this deadline may face disciplinary action, including the suspension of performance allowances without further notice.

The issue is particularly significant as Pakistan has committed to implementing anti-corruption reforms under the IMF’s $7 billion Extended Fund Facility programme. These reforms include the public disclosure of asset declarations by senior civil servants to enhance accountability and institutional integrity.

Authorities have also announced plans to introduce a digital platform by June 2026 for the submission of asset declarations. This system is expected to streamline the process, improve record-keeping, and reduce the risk of non-compliance.

The government aims to complete the publication of asset declarations of senior federal officers by December 2026, aligning with its broader goal of strengthening governance and rebuilding trust in public institutions.

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