Quetta: Balochistan government has shifted to Contribution Pension Scheme (CPS).

SECP has said in its statement Balochistan government has accorded approval to Contribution Pension Funds. Punjab and KP have already shifted to new pension system.

SECP said that final shape is being given to pension funds of federation and Sindh.

Contribution Pension system will lead to reduce financial burden of government.

Pension funds will be run under licensed managers. SECP is providing assistance in pension reforms.