ISLAMABAD: Pakistan will make the asset declarations of senior federal and provincial officials publicly available online by the end of 2026 as part of sweeping AML reforms aimed at strengthening financial transparency and accountability.
The finance ministry confirmed on Friday that the federal government has already briefed the International Monetary Fund (IMF) about the move, which will require officers in grades 17 to 22 to disclose both domestic and foreign holdings. Asset information for all civil servants will eventually be uploaded to an online system designed with data-protection safeguards and a risk-based verification process.
Banks to Conduct Independent Checks
Under the revamped framework, banks will conduct additional scrutiny of officials’ assets to support anti-money laundering measures. The system will also allow for deeper examination of holdings declared by employees of government institutions.
Reforms Follow IMF Governance Assessment
The announcement follows the IMF’s recent Governance and Corruption Diagnostic Assessment, which highlighted entrenched corruption across multiple layers of the state. Among the key IMF recommendations was the public release of senior officials’ asset declarations in 2026 to promote integrity within the civil service.
The assessment also called for expanding the independence of the Auditor General of Pakistan, improving the prosecution of money-laundering cases by removing legal ambiguities, and strengthening the autonomy and performance of the National Accountability Bureau (NAB). It further encouraged the government to consider forming a centralised authority responsible for collecting, digitising, and publishing asset declarations of high-level public officeholders.
