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IMF advocates for legislation to regulate publishing advisers and SAPM’s asset declarations

For the 7th Program Review, the IMF affirms a constructive dialogue with Pakistan.

zerfeshan arshad by zerfeshan arshad
March 18, 2022
in business
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IMF advocates for legislation to regulate publishing advisers and SAPM's asset declarations

IMF advocates for legislation to regulate publishing advisers and SAPM's asset declarations

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The International Monetary Fund (IMF) has encouraged Pakistan to pass laws requiring the permanent publication of asset declarations by Prime Minister’s Advisers and Special Assistants.

According to sources, the IMF has requested that Pakistani authorities pass legislation requiring the permanent publication of asset disclosures by Advisers and Special Assistants to the Prime Minister throughout the current seventh review.

Advisers and Special Assistants to the Prime Minister are now required to disclose their assets after a cabinet resolution.

For the 7th Program Review, the IMF affirms a constructive dialogue with Pakistan.
The IMF, according to sources, wants the open system to continue. According to sources, disclosing assets or liabilities might become a permanent element after a change in corporate regulations.

It is worth noting that while parliamentarians must declare their assets to the Pakistan Election Commission, the Pakistan Tehreek-e-Insaf government has made it mandatory for Advisers and Special Assistants to the Prime Minister to declare their assets, liabilities, and nationality at the federal level.

According to sources, the current seventh review will be successful since the incumbent administration has already fulfilled the December objectives and has explained how the Prime Minister’s relief package is funded.

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zerfeshan arshad

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