2,205 requests approved under AML/CFT portal as FBR meets IMF transparency benchmark
ISLAMABAD: The Federal Board of Revenue (FBR) has published statistics on requests submitted by banks to access the asset declarations of public servants in Basic Pay Scale (BS)-17 to BS-22 for Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) purposes, fulfilling a key transparency benchmark agreed with the International Monetary Fund (IMF).
According to an official communication issued by the FBR’s Inland Revenue Wing, the publication of the statistics satisfies Paragraph 38(f) of the IMF benchmark, which required the tax authority to disclose data on banks’ access to public officials’ asset declarations by June 2026.
The FBR said the initiative is intended to improve transparency while increasing awareness among financial institutions regarding the dedicated digital portal established to facilitate AML/CFT compliance.
The tax authority stated that it has been providing banks with controlled digital access to the asset declarations of public office holders in BS-17 to BS-22 through a dedicated online portal developed specifically for AML/CFT purposes. The system is designed to strengthen customer due diligence and assist banks in meeting their regulatory obligations under Pakistan’s anti-money laundering framework.
According to the published statistics, banks submitted a total of 2,628 applications seeking access to asset declarations during the six-month period from December 2025 to May 2026.
Of these, 2,205 requests were approved, while 423 applications were refused or rejected, resulting in an overall approval rate of approximately 84%.
Among all financial institutions, Allied Bank Limited submitted the highest number of applications, filing 1,728 requests, of which 1,516 were approved and 212 were rejected.
The Bank of Khyber ranked second with 211 applications, receiving 149 approvals and 62 rejections, while JS Bank Limited submitted 165 requests, of which 121 were approved and 44 were declined.
Other banks included BankIslami Pakistan Limited (120 applications), Meezan Bank Limited (85), Soneri Bank Limited (82), Bank AL Habib Limited (70), Habib Metropolitan Bank Limited (39), MCB Bank Limited (35), Faysal Bank Limited (33), Habib Bank Limited (14), Mashreq Bank Pakistan Limited (10), National Bank of Pakistan (9), Askari Bank Limited (8), Al Baraka Bank Pakistan Limited (7), First Women Bank Limited (4), Punjab Provincial Cooperative Bank Limited (4), Bank of Sindh (3), and United Bank Limited (1).
The FBR said the publication of these statistics demonstrates its commitment to greater transparency while supporting the banking sector’s compliance with AML/CFT obligations through secure and regulated access to the asset declarations of senior public servants.
The move also reflects Pakistan’s continued implementation of governance and transparency reforms under the IMF-supported economic programme, aimed at strengthening financial integrity and enhancing oversight of politically exposed persons within the country’s banking system.
