Initiative is a part of the federal government’s broader technique to shift away the normal Outlined Profit pension system
ISLAMABAD:
The Securities and Trade Fee of Pakistan (SECP) has authorised seven pension funds for the federal government of Balochistan, which displays the sensible implementation of the Outlined Contribution pension mannequin within the province.
This initiative is a part of the federal government’s broader technique to shift from the normal Outlined Profit pension system to a extra sustainable and clear Outlined Contribution framework. Punjab and Ok-P have already applied contributory pension schemes, whereas the federal authorities and Sindh are within the strategy of setting up their pension fund buildings.
