ISLAMABAD: Pakistan Government officers have been given a deadline of September 2025 to declare their assets.
A private TV channel, citing its sources, reported that a digital portal will be launched to declare assets as demanded by the International Monetary Fund (IMF).
The Ministry of Finance and Cabinet Division have prepared a draft for declaring government officers’ assets, which will be submitted to the IMF.
Report say an agreement has been reached with the IMF to avoid introducing a mini-budget to address the revenue shortfall. Instead, 157 billion rupees could be collected through a super tax.
To meet the shortfall, tax cases in courts will be resolved quickly, with support from the Prime Minister’s Office for faster hearings of pending tax cases.
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Sources from the Ministry of Finance stated that talks are ongoing about the operational plan for external financing and the tax policy unit. Discussions are also happening on inflation, comparisons with other countries in the region, and national accounts.
Reports from the labor force survey, family budget survey, and living standards were reviewed during these talks. The IMF team also held important discussions on electricity and gas tariffs and circular debt.
Today, negotiations will take place on the draft for declaring government officers’ assets, and the prepared draft will be handed over to the IMF.
On the other hand, during review talks under the 7 billion dollar loan program with the International Monetary Fund (IMF), the IMF team expressed satisfaction with progress in energy sector reforms.
According to a report, the IMF team is currently in Islamabad, where review discussions for the 7 billion dollar loan program are taking place.
Sources said the IMF team showed satisfaction with the progress in energy sector reforms and urged completion of the reforms that have been started.
The IMF team met with officials from the Power Division and Petroleum Division. The Prime Minister’s adviser, Muhammad Ali, and the Secretary of the Power Division also met with the team.
