Pakistan, Dec. 14 -- 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.

Moreover, Aurangzeb announced that the next federal budget will be prep...