Pakistan to launch digital portal for public official’s asset declaration

ISLAMABAD: The federal government has decided to launch a digital portal for government officials to declare their assets following a demand from the International Monetary Fund (IMF).

The Ministry of Finance and Cabinet Division have prepared a draft that will be submitted to the IMF.

According to the government, the modern digital portal will make it mandatory for all government officials to declare their assets.

To meet the revenue shortfall, the government has also decided to expedite pending tax cases in the courts with the help of the Prime Minister’s Office.

Discussions are underway with the IMF delegation, covering topics such as electricity and gas tariffs, circular debt and national accounts.

Further negotiations are expected on the draft asset disclosure, the final version of which is likely to be submitted to the IMF.