SECP approves additional pension funds for Balochistan, Punjab

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.

The newly approved Balochistan funds will be managed by JS Investments Limited, Alfalah Asset Management Limited, NBP Fund Management Limited, and UBL Fund Managers Limited, while Punjab’s fund will be overseen by AWT Investments Limited.

These approvals follow SECP’s earlier greenlighting of seven pension funds for Balochistan under the Contributory Pension Scheme Rules, 2025, marking the province’s first steps toward implementing the Defined Contribution (DC) pension model.

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