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FBR notifies asset details declaration rules for public servants

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The Federal Board of Revenue (FBR) on Friday notified “Sharing of Declaration of Assets of Civil Servants Rules, 2023” for federal government servants of BPS17 to 22 to declare asset details.

The move comes in the wake of stringent pre-conditions set by the International Monetary Fund (IMF) to lend money to the country as the government had assured the lender to fulfil all conditions.

The notification obligates public office holders to declare details of assets owned by them and members of their families inside and outside the country to the FBR. The authority has also obligated the banks to provide these details twice a year, on Jan 31 and July 31.

Banks will access the asset data of federal employees in the first phase at the time of opening bank accounts. The conditionality is expected to extend to provincial employees as well in the next phase.

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“Bureaucrats’ assets will be checked prior to the opening of a bank account,” sources said. “Banks will get information from the FBR for the opening of accounts of bureaucrats”, added sources.

The international lender had, earlier, demanded Pakistan to amend laws for asset declaration of public servants. Sources told that the IMF had stressed on public declaration of assets inside and outside the country owned by public servants. For this purpose, the lender had also demanded to set up an authority and Electronic Assets Declaration System to ensure transparency of the process. The government finally acceded to the demand earlier by allowing banks access to asset declaration of civil servants as a prior condition for the opening of bank accounts.

A delegation of the global lender was on a visit to Pakistan to hold talks with the government officials as the cash-strapped country was trying to strike a staff-level agreement with the IMF on the ninth review under the $7 billion Extended Fund Facility (EFF). The ninth review has been pending since last September. 

The implementation of these measures had been postponed for political reasons, as they were believed to contribute to the already elevated inflation rates. However, the government later agreed to comply with IMF conditions after the lender refused to make any concessions.

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pakistan

4.3 magnitude earthquake jolts parts of Punjab

4.3 magnitude earthquake jolts parts of Punjab

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4.3 magnitude earthquake jolts parts of Punjab

An earthquake measuring 4.3 on the Richter scale struck various parts of Punjab including Lahore on Monday 

People came out of their homes in panic and started reciting verses from the Holy Quran. No loss of life and property was reported in any part of Punjab. 

According to the National Seismic Monitoring Centre, Islamabad, the epicentre of the earthquake was located five kilometres south of Sheikhupura at the depth of 45 kilometres.

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Pakistan Army shoots down Indian quadcopter on LoC

Pakistan Army shoots down Indian quadcopter on LoC

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Pakistan Army shoots down Indian quadcopter on LoC

Pakistan Army has shot down a spy quadcopter of Indian Army on the Line of Control (LoC).

According to a statement issued by the Public Relations Department of the Pakistan Army (ISPR), on Monday, an Indian Air Force quadcopter spying on Pakistan was shot down.

The ISPR said that the army has found the downed quadcopter inside Pakistani territory.

It may be recalled that it is the fifth anniversary of Operation Swift Retort today. On February 27, 2019, the Pakistan Air Force shot down Indian fighter planes that violated Pakistani airspace. 

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PTI founder, Bushra Bibi indicted in 190m pound case

PTI founder, Bushra Bibi indicted in 190m pound case

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PTI founder, Bushra Bibi indicted in 190m pound case

 An accountability court indicted the PTI founder and his wife Bushra Bibi in the ill-famous 190 million pound case – also previously known as Al-Qadir Trust case – as the judge, Nasir Javed Rana, held hearing at the Adiala jail.

All the cases involving the former PTI chairman are being heard at the jail premises – where he is imprisoned – because of the security threats, for which Bushra Bibi was shifted from her Bani Gala residence where she is serving her sentences in two cases – Toshakhana and illegal/un-Islamic marriage.

Meanwhile, her husband has so far been convicted in three cases – cipher, Toshakhana and illegal/un-Islamic marriage.

During the proceedings, the two accused pleaded not guilty, as the judge adjourned proceedings till March 6 while also summoning five witnesses to record their statements on next hearing.

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However, the accountability court accepted two pleas filed by the PTI founder, requesting permission for an appointment with his dentist and general physician.

Previously, the indictment had been postponed on several occasions due to the absence of Mohammad Bashir – the accountability court judge who is set to retire on March 14 and has applied for leave preparatory to retirement (LPR).

However, the law ministry last week appointed District and Sessions Judge Rana as an Accountability Court No 1 Islamabad judge to replace Bashir who went on leave on deputation for a period of three years. 

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