FBR Gives Banks Full Access to Asset Declarations of Top Govt Officers

The Federal Board of Revenue (FBR) has started providing banks with digital access to the asset declarations of senior public office holders as part of anti-money laundering and counter-financing of terrorism reforms linked to the International Monetary Fund (IMF) program.

According to the FBR, banks can now access the 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 (AML/CFT) purposes.

The initiative has been introduced to meet an IMF structural benchmark requiring the FBR to provide banks with access to asset declarations and publish usage statistics to improve transparency and strengthen the financial sector’s due diligence framework.

The FBR has also released statistics covering the period from December 2025 to May 2026. During this period, banks submitted 2,628 applications seeking access to asset declarations. Of these, 2,205 requests were approved, while 423 applications were rejected or refused.

According to the tax authority, publishing these statistics is intended to increase transparency and raise awareness among banks about the availability of the digital facility.

The FBR said the portal enables banks to verify asset declarations while carrying out customer due diligence and compliance checks under AML/CFT regulations, supporting Pakistan’s broader efforts to strengthen financial transparency and meet international commitments.The Federal Board of Revenue (FBR) has started providing banks with digital access to the asset declarations of senior public office holders as part of anti money laundering and counter financing of terrorism reforms linked to the International Monetary Fund (IMF) program.

According to the FBR, banks can now access the 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 (AML/CFT) purposes.

The initiative has been introduced to meet an IMF structural benchmark requiring the FBR to provide banks with access to asset declarations and publish usage statistics to improve transparency and strengthen the financial sector’s due diligence framework.

The FBR has also released statistics covering the period from December 2025 to May 2026. During this period, banks submitted 2,628 applications seeking access to asset declarations. Of these, 2,205 requests were approved, while 423 applications were rejected or refused.

According to the tax authority, publishing these statistics is intended to increase transparency and raise awareness among banks about the availability of the digital facility.

The FBR said the portal enables banks to verify asset declarations while carrying out customer due diligence and compliance checks under AML/CFT regulations, supporting Pakistan’s broader efforts to strengthen financial transparency and meet international commitments.