By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan meets most IMF conditions ahead of review mission
    September 17, 2025
    PM Shehbaz welcomes establishment of Mashreq Digital Bank
    September 16, 2025
    US issues fresh Iran-related sanctions
    September 16, 2025
    Pakistan enters experiment phase of digital currency
    September 12, 2025
    Apple delays iPhone Air release in China due to pending eSIM approval
    September 12, 2025
  • Politics
    PoliticsShow More
    PM departs for Riyadh to discuss bilateral ties with Saudi leadership
    September 17, 2025
     Match referee Andy Pycroft removed
    September 17, 2025
    Revolution or mood swing? What Nepal’s uprising holds for Pakistan
    September 17, 2025
    PM Shehbaz meets MBS to bolster bilateral ties
    September 17, 2025
    Donald Trump makes remark about Kate Middleton’s appearance amid UK trip
    September 17, 2025
  • Technology
    TechnologyShow More
    Apple’s iOS 26 introduces a temporary issue along with liquid glass magic.
    September 16, 2025
    Meta to debut costlier smart glasses with display
    September 16, 2025
    YouTube introduces new AI tools for Shorts creators
    September 16, 2025
    Dubai Airport begins installing AI-powered 3D scanners
    September 16, 2025
    Apple’s live translation feature for AirPods unavailable in EU at launch
    September 11, 2025
  • Sports
    SportsShow More
    Indian captain Suryakumar refuses Asia Cup trophy from Mohsin Naqvi
    September 17, 2025
    ICC releases new T20I player rankings
    September 17, 2025
    PCB asks ICC to penalise Suryakumar Yadav over political remarks
    September 17, 2025
    Australia captain Cummins will play big part in Ashes, says coach
    September 17, 2025
    ICC match referee Andy Pycroft apologises to Pakistan team officials
    September 17, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: To meet another IMF requirement, the government plans to implement a voluntary pension plan.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > To meet another IMF requirement, the government plans to implement a voluntary pension plan.
BusinessEcnomics

To meet another IMF requirement, the government plans to implement a voluntary pension plan.

New scheme to provide steady income to govt employees post-retirement, unlike Provident Fund or gratuity

Last updated: 2024/03/05 at 1:57 PM
Published March 5, 2024
Share
2 Min Read
SHARE

In order to meet another significant condition imposed by the International Monetary Fund (IMF), the government has decided to implement a new voluntary pension program beginning July 1.

According to government sources, the voluntary pension scheme is intended to reduce the strain of large government pensions while also streamlining the pension system. Any new employees will be employed under the voluntary pension scheme, which replaces the old government pension system.

The Securities and Exchange Commission of Pakistan (SECP) has established a complete strategy for new government recruitment, according to Ministry of Finance sources acquainted with the topic.

“New government employees will receive a voluntary pension instead of the government program.If existing staff agree, they can be transferred to the new system,” the sources said.

In contrast to the existing Provident Fund or gratuity facilities available in the private sector, the new pension scheme is intended to provide government employees with a consistent, regular income upon retirement. The SECP has recommended implementing a pension program in both the public and commercial sectors to provide financial stability for employees during their retirement years.

According to sources, the optional pension program will allow employees to keep their pension benefits even if they change jobs, assuring continued financial support after retirement. The SECP has advised that the private sector only provide a voluntary pension program.

You Might Also Like

Pakistan meets most IMF conditions ahead of review mission

Purchases of credit cards increased by 31.6% in August 2025.

Gold prices fall below record highs in Pakistan

Petrol price in Pakistan remains unchanged

Price of gold hits record high in Pakistan, global market

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
March 5, 2024 March 5, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article There will probably be general elections for the Senate on this day.
Next Article election commission writes to Senate to declare Sadiq Sanjrani’s seat vacant
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Pakistan meets most IMF conditions ahead of review mission
Business Pakistan September 17, 2025
PM departs for Riyadh to discuss bilateral ties with Saudi leadership
Pakistan Politics September 17, 2025
Indian captain Suryakumar refuses Asia Cup trophy from Mohsin Naqvi
Pakistan Sports September 17, 2025
Floods in KP, GB, and AJK cost Rs63.79 billion.
News Pakistan September 17, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?