The federal government has fulfilled another condition of the International Monetary Fund (IMF) by approving a law requiring government employees to declare their assets.
The federal cabinet has endorsed an amendment to Section 15 of the Civil Servants Act, introducing a new clause, 15-A, to regulate and monitor the financial conduct of civil servants.
Under this law, details of government officials' assets will be made publicly available on a designated website.
The officers from Grade 17 to 22 will be obligated to disclose their personal and family assets, including domestic and foreign holdings.
Additionally, civil servants will be required to declare their financial status through the Federal Board of Revenue (FBR), while the Establishment Division will have access to asset details.
The government has assured that while the data will be accessible, strict privacy measures will be in place to protect sensitive personal information, including identity numbers, residential addresses, bank account details, and bond numbers.
