The Securities and Exchange Commission of Pakistan (SECP) on Wednesday confirmed that the Government of Balochistan has shifted on the Contribution Pension System, which approved seven pension funds.The Securities and Exchange Commission of Pakistan further revealed that Punjab and Khyber Pukhtonkhwa already shifted to the new pension system.

SECP is giving final shape to the federal and Sindh pension funds. SECP further revealed that a contributory pension will decrease the financial burden on the provincial government.The pension funds will be run through managers who have valid licences. SECP is extending support in pension reforms.

Credit: Independent News Pakistan (INP)