FBR allows banks access to asset declarations of public office holders

The Federal Board of Revenue (FBR) has decided to provide banks access to asset declarations of public office holders from BS-17 to BS-22 through a dedicated digital portal for anti-money laundering and counter-financing of terrorism purposes.

The access facility has been introduced as part of Pakistan’s commitments under the International Monetary Fund (IMF) programme.

According to details issued by the FBR’s Taxpayers Services Wing, banks will be allowed to view asset declarations of senior government officials through the portal for Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) purposes.

The FBR has also decided to publish statistics on banks’ access to these asset declarations on its official website. 

The requirement is linked to paragraph 38(f) of the IMF benchmark on banks’ access to asset declarations for AML/CFT purposes. The benchmark requires the FBR to publish access statistics to improve transparency and create awareness among banks about the facility.

The FBR said the website publication will include details of applications received from banks, along with their disposal status, covering approvals and rejections.

According to the FBR data for the period from December 2025 to May 2026, banks submitted 2,628 applications seeking access to asset declarations of public servants in BS-17 and above.

Of these, 2,205 applications were granted or accepted, while 423 were rejected or refused.

The initiative is part of broader financial monitoring reforms aimed at strengthening Pakistan’s AML/CFT framework and improving oversight of financial transactions involving senior public officials.