Pakistan has passed new legislation requiring government employees to declare their assets publicly, as Finance Minister Muhammad Aurangzeb described the move as a practical reform aimed at transparency. He clarified that the step was not an added IMF condition but a policy decision aligned with long-term governance improvements.
While addressing a ceremony in Lahore, the finance minister explained that the IMF had recommended greater disclosure of officials’ assets, and the government responded through concrete legal action. He added that acknowledging and implementing positive reforms remains essential to keep economic momentum moving forward.
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Moreover, Aurangzeb announced that the next federal budget will be prepared by policymakers instead of the Federal Board of Revenue, signalling a strategic shift in fiscal planning. He stressed that every sector must contribute to exports and overall economic growth to strengthen national finances.
The minister also revealed plans to shut down PASSCO, calling it a centre of corruption where wheat meant for specific regions was being diverted and resold. He emphasised that correcting such inefficiencies is critical for restoring credibility and improving resource management.
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Additionally, Aurangzeb said inflation remains under control and confirmed that the national airline auction is scheduled for December 23. He noted that digital economy growth, tax automation and transparency measures are gradually restoring investor confidence and supporting sustainable economic recovery.