½islamabad: 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.

½½With these latest approvals, the total number of authorized pension funds for Balochistan has risen to 15, while Punjab's total has reached 25. 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.

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½This development builds on SECP's earlier approval of seven pension funds for Balochistan under the Contributory Pension Scheme Rules, 2025, marking the initial implementation of the Defined Contribution (DC) pension model in the province .

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½The approvals are part of the government's broader strategy to transition from the traditional Defined Benefit (DB) pension system to a more sustainable, transparent, and fiscally responsible Defined Contribution framework.

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½SECP 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.