PAKISTAN: The Securities and Exchange Commission of Pakistan has approved eight additional pension funds for the Government of Balochistan and one for the Government of Punjab as part of ongoing pension reforms. With the latest approvals, the total number of authorized funds for Balochistan has reached 15, while Punjab’s total stands at 25. The newly approved Balochistan funds will be managed by JS Investments, Alfalah Asset Management, NBP Fund Management and UBL Fund Managers, while the Punjab fund will be managed by AWT Investments. The approvals follow an earlier authorization of seven pension funds for Balochistan under the Contributory Pension Scheme Rules, 2025, supporting the transition from a defined benefit to a defined contribution pension framework.
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