SECP approves additional pension funds for Balochistan, Punjab
MG News | April 07, 2026 at 11:09 AM GMT+05:00
April 7, 2026 (MLN): The Securities and Exchange
Commission of Pakistan (SECP) has approved additional pension funds for the
governments of Balochistan and Punjab, which aims to strengthen the country’s
pension system.
For Balochistan, eight more pension funds have been
approved, bringing the total number of approved funds in the province to
fifteen.
In Punjab, one more
pension fund has been sanctioned, taking the total in the province to
twenty-five, according to a press release issued.
The contributory pension system has now been practically
implemented in Balochistan, while government institutions across the country
are gradually adopting the system.
The SECP highlighted that these reforms are expected to
reduce the government’s long-term pension liabilities.
Under the contributory pension system, employees are
anticipated to receive greater benefits upon retirement.
The management of these pension funds is being handled
professionally by private asset management companies, ensuring a structured and
efficient approach.
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