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Pakistan Agrees to Publish Bureaucrats’ Asset Details, IMF Sets New Rule for NAB Chief Appointment

Pakistan has committed to publishing asset declarations of senior civil servants and strengthening the independence of its main anti-corruption agency as part of governance reforms agreed with the International Monetary Fund under its $7 billion loan program.

Under the commitments shared with the IMF, Islamabad will make public asset declarations of high-level federal civil servants by December 2026 through a centralized digital system supported by the Federal Board of Revenue. The move is aimed at strengthening transparency and supporting anti–money laundering enforcement.

Pakistan has also agreed to enhance the institutional autonomy of the National Accountability Bureau by January 2027 through reforms to the appointment process for its chairman and senior management. Proposed amendments to the NAB ordinance will introduce predefined eligibility criteria, a merit-based competitive selection process and oversight by a multi-stakeholder selection commission including representatives from government, opposition, judiciary, academia and civil society.

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Authorities also pledged to publish NAB’s operating rules and annual statistics covering investigations, prosecutions and convictions related to corruption cases.

The measures form part of structural benchmarks agreed with the IMF following the completion of the third review under Pakistan’s Extended Fund Facility, which supports macroeconomic stabilization and institutional reforms aimed at improving the investment climate.

Separately, the government will introduce centralized digital submission of asset declarations for civil servants in grades BPS-17 to BPS-22 by mid-2026, alongside risk-based verification mechanisms.

Banks will be granted more access to asset declaration data for anti–money laundering and counter-terror financing monitoring with support from the State Bank of Pakistan and the Financial Monitoring Unit.

Pakistan has also tasked the National Accountability Bureau with preparing an action plan by October 2026 to reduce corruption risks in the ten government departments identified as most vulnerable. A methodology for assessing agency-level corruption exposure will be published by June 2026 in coordination with IMF staff.

Officials said the reforms are part of a broader Economic Governance Reform plan aligned with recommendations of the IMF’s governance diagnostic assessment. Progress reports will be released every six months by the Ministry of Finance.

In parallel, provincial anti-corruption bodies will receive expanded authority to investigate money-laundering cases linked to corruption, with the Financial Monitoring Unit expected to formally designate them as investigating agencies by the end of 2026.

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