Islamabad: Federal government has developed a new digital system that will require senior civil servants to declare their assets online, with plans to make the information publicly accessible by the end of 2026, officials said.
The move marks a major step toward transparency and stronger anti–money laundering controls, as Islamabad seeks to tighten financial oversight and meet international commitments.
Digital asset disclosures planned
Under the new framework, all officers from Grade 17 to Grade 22 will be required to submit details of their domestic and foreign assets through an online portal, according to official documents. The system will apply to both federal and provincial civil servants, making digital asset declarations mandatory across the civil bureaucracy.
Officials said the data will eventually be published on a government website, allowing public access while incorporating privacy and data protection safeguards.
Meanwhile, the Ministry of Finance has formally informed the International Monetary Fund about the initiative, signaling that the reforms align with broader governance and transparency pledges.
Banks to play verification role
In addition to public disclosure, the government plans to introduce a risk-based verification mechanism to scrutinize asset declarations. As part of this process, banks will be granted access to asset information of senior government officials.
Authorities said banks will use this access to conduct anti–money laundering checks on federal and provincial officers. The scope of scrutiny will also extend to officials working in government institutions, expanding oversight beyond top administrative ranks.
Strengthening accountability measures
Officials said the system aims to close gaps in financial monitoring and reduce the risk of illicit wealth accumulation within the public sector. By digitizing records and involving financial institutions, the government hopes to create an auditable trail that strengthens accountability.
If implemented as planned, the initiative would represent one of Pakistan’s most comprehensive efforts to track and disclose the assets of senior public officials, reflecting a broader push to reform governance structures under domestic and international pressure.
