PIBF welcomes decision to upload asset details of bureaucrats

LAHORE: The Pak International Business Forum (PIBF) has warmly welcomed the Government of Pakistan’s decision to upload the asset details of senior bureaucrats on official websites and make them accessible to the public.

This step, taken under the directives of the International Monetary Fund (IMF), has been described as a significant milestone toward promoting transparency, accountability, and good governance, which the Forum terms a decisive turning point.

According to PIBF, public access to asset declarations will enhance public trust in state institutions and significantly reduce issues such as corruption, misuse of authority, and conflicts of interest. The Forum stated that transparency is a fundamental principle of good governance worldwide and will help strengthen Pakistan’s administrative structure.

These observations were made at a meeting of the Forum held under the PIBF President Muhammad Ejaz Tanveer which was also attended by its Secretary Hafiz Mahmood, Chief Organizer Maaz Qazi and others here on Monday.

The Forum emphasized that to make this reform effective, asset declarations should be organized through a robust digital system, updated on a regular basis, and subjected to independent scrutiny. PIBF further stressed that a strong legal framework is essential to ensure strict action in cases of misreporting or concealment of assets.

The Pak International Business Forum also called for extending such transparency measures to other government departments, regulatory authorities, and state-owned entities in order to promote a comprehensive culture of accountability. According to the Forum, public awareness is equally important so that citizens can better understand the objectives and scope of this initiative.

Terming the decision a clear departure from past non-transparent governance practices, PIBF urged the government to maintain the momentum of reforms so that economic stability and investor confidence can be strengthened on a sustainable and long-term basis.

Copyright Business Recorder, 2025