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Pakistan accepts IMF demand to make assets of bureaucrats public

11:14 PM | 3 Feb, 2023
Pakistan accepts IMF demand to make assets of bureaucrats public
Source: File Photo

ISLAMABAD – The Federal Board of Revenue (FBR) on Friday issued a notification making the assets of federal government officers of grade 17 to 22 public.

The top tax authority has issued notification titled “Sharing of Declaration of Assets of Civil Servants Rules, 2023” in line with a demand made by the International Monetary Fund (IMF) delegation, which is visiting the cash-strapped Pakistan for ninth review of the $7 billion loan programme.

The notification bounds the public office holders to declare details of assets owned by them and their family members inside and outside the country to the FBR. The authority has also directed the banks to provide the details of their bank accounts twice a year – on Jan 31 and July 31.

Furthermore, the banks will get information about assets of the bureaucrats from the FBR before the opening of their bank accounts.

A day earlier, the global lender asked the Pakistan to develop a system to make the assets owned by the government officers of grade 17-22 public.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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