Public office holders: FBR allows banks to access asset declarations

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to provide access to the asset declarations of public office holders (BS-17 to BS-22) to banks through a dedicated digital portal.

The FBR Monday issued details on the publication of Statistics of Bank’s Access to Assets Declaration for AML/CFT Purposes of Public Servant (BS-17 & Above).

The FBR’s letter from Taxpayers Services Wing said that in pursuance of the international Monetary Fund (IMF) requirement, the FBR is providing access to the asset declarations of public office holders (BS-17 to BS-22) to banks through a dedicated digital portal for Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) purposes.

Furthermore, Paragraph 38(f) of the IMF benchmark relating to Banks’ Access to Asset Declarations for AML/CFT Purposes requires FBR to publish access statistics on its website by June 2026 in order to enhance transparency and promote awareness among banks regarding this facility.

“In this regard, I am further directed to request that, in compliance with the above- mentioned requirement and to ensure transparency in the implementation of the initiative, the attached statistical information relating to applications received from banks, along with their disposal status (i.e., approved/granted or rejected), for the period from December 2025 to May 2026, may kindly be published on the FBR website at the earliest convenience,” FBR’s letter added.

Publication of Statistics of Bank’s Access to Assets Declaration for AML/CFT Purposes of Public Servant (BS-17 & Above) Period (December-2025 to May-2026): Total applications received in banks are 2,628; granted/accepted, 2,205; application rejected and refused totaled at 423, according to the FBR data.

Copyright Business Recorder, 2026