The Securities and Exchange Commission of Pakistan (SECP) has approved nine additional pension funds, including eight for the Government of Balochistan and one for the Government of Punjab, as part of Pakistan’s ongoing pension reform agenda.
With the latest approvals, the total number of authorized pension funds for Balochistan has increased to 15, while Punjab’s total has reached 25.
According to the statement, the newly approved funds for Balochistan will be managed by JS Investments Limited, Alfalah Asset Management Limited, NBP Fund Management Limited, and UBL Fund Managers Limited. The Punjab fund will be managed by AWT Investments Limited.
The development follows SECP’s earlier approval of seven pension funds for Balochistan under the Contributory Pension Scheme Rules 2025, which marked the province’s initial shift toward the Defined Contribution pension model.
The approvals are part of the government’s broader move to transition from the traditional Defined Benefit system to a Defined Contribution framework, aimed at reducing long term pension liabilities, improving fiscal sustainability, and increasing transparency in retirement savings.
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