SECP holds workshop on pension reforms

June 17, 2025 (MLN): The Securities and Exchange Commission of Pakistan (SECP) convened a high-level National Workshop in Islamabad to advance the transition to Defined Contribution (DC) pension schemes.

The workshop brought together key stakeholders from the public sector, financial institutions, and development partners.

Finance Minister Senator Muhammad Aurangzeb attended the event, highlighting the urgent need for pension reform due to the unsustainability of the existing defined benefit system.

He reaffirmed the government’s full support for the transition and its effective implementation.

Chairman SECP, Akif Saeed, delivered an address detailing the progress made toward establishing a comprehensive regulatory framework for DC pension schemes.

He stressed the significance of technology, transparency, and public awareness in building a modern and inclusive pension system.

Federal and provincial representatives shared updates on ongoing reform efforts, according to the press release issued today.

Khyber Pakhtunkhwa offered practical insights drawn from its early experience with implementing DC pension models.

The workshop provided a platform for constructive dialogue among senior officials, regulators, financial leaders, and development organizations.

The SECP reiterated its commitment to close collaboration with all stakeholders to ensure the development of a transparent, dependable, and forward-looking pension structure that fosters long-term financial security and inclusion.

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