Govt launches new pension rules — Check what’s changed
New contributory pension fund will replace the traditional pension model
Pension Reform
Pakistan to IMF: State-owned firms incurred Rs5,893bn losses
In just first six months of last fiscal year alone, losses increased by Rs3.45 trillion
Govt employees' pension increase notified
Raise applies to all retired civil, military, civil armed forces personnel
Govt wants to delay pension reforms for military to next year
Pakistan to write letter to IMF for approval to restore rebate or provide alternate relief to teachers
Debt repayment burden likely to ease, says FinMin Aurangzeb
Aurangzeb vows relief for salaried class, long-term economic reforms
Armed forces' inclusion in new pension scheme faces further delay
IMF to give final approval for exempting armed forces from contributory pension system
Govt announces new pension rules
Pensions will now be calculated based on average salary of last two years of service
Govt mulls reducing retirement age by 5 years
Proposal reportedly suggested by International Monetary Fund (IMF) is still under review
China approves plan to raise retirement age from January 2025
China's retirement ages are currently amongst the lowest globally
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