SECP Expands Pension Reform, Approves 9 Additional Funds for Balochistan and Punjab
Summary
The Securities and Exchange Commission of Pakistan (SECP) approved eight additional pension funds for the Government of Balochistan and one for the Government of Punjab. Balochistan's total authorized pension funds now stands at fifteen, while Punjab's total has reached twenty-five. The approvals are part of the government's transition from the traditional Defined Benefit (DB) pension system to a more sustainable Defined Contribution (DC) framework.
What changed
SECP approved eight additional pension funds for Balochistan and one for Punjab under the Contributory Pension Scheme Rules, 2025. The newly approved funds will be managed by JS Investments Limited, Alfalah Asset Management Limited, NBP Fund Management Limited, UBL Fund Managers Limited (Balochistan), and AWT Investments Limited (Punjab). This expands the Defined Contribution pension model implementation in both provinces.
Fund managers and asset management companies operating in Pakistan should align with DC framework requirements under the 2025 rules. Insurers and financial advisers involved in pension products should monitor the expanded provincial rollout. The transition from Defined Benefit to Defined Contribution model aims to reduce long-term pension liabilities and improve fiscal sustainability.
What to do next
- Monitor for implementation updates on new pension funds
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN (SECP) PRESS RELEASE For immediate release SECP Expands Pension Reform, Approves Additional Funds April 7, 2026 for Balochistan and Punjab ISLAMABAD, April 7: The Securities and Exchange Commission of Pakistan (SECP) has further advanced Pakistan's pension reform agenda by approving eight additional pension funds for the Government of Balochistan and one for the Government of Punjab.With these latest approvals, the total number of authorized pension funds for Balochistan has risen to fifteen, while Punjab's total has reached twenty-five. The newly approved funds for Balochistan will be managed by JS Investments Limited, Alfalah Asset Manage-ment Limited, NBP Fund Management Limited, and UBL Fund Managers Limited. The Punjab fund will be managed by AWT Investments Limited.This development builds on SECP's earlier approval of seven pension funds for Ba-lochistan under the Contributory Pension Scheme Rules, 2025, marking the initial imple-mentation of the Defined Contribution (DC) pension model in the province .The approvals are part of the government's broader strategy to transition from the tradi-tional Defined Benefit (DB) pension system to a more sustainable, transparent, and fis-cally responsible Defined Contribution framework.SECP continues to play a central enabling role in this nationwide transition. The DC model is expected to reduce long-term pension liabilities, improve fiscal sustainability, and provide greater transparency and individual ownership of retirement savings through professionally managed pension funds.. Securities and Exchange Commission of PakistanNICL Building, 63 Jinnah Avenue, IslamabadSECURITIES AND EXCHANGE COMMISSION OF PAKISTAN (SECP) 7 PRESS RELEASE For immediate release April 7, 2026
Securities and Exchange Commission of PakistanNICL Building, 63 Jinnah Avenue, Islamabad
Named provisions
Related changes
Get daily alerts for SECP Pakistan
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from SECP.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when SECP Pakistan publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.