Pension
Pensioners Must Verify Every 6 Months or Lose Payments, Finance Ministry Warns
The Ministry of Finance has overhauled pension disbursement procedures nationwide, scrapping the decades-old paper verification system in favour of mandatory digital authentication through NADRA. A…
NADRA Digitizes Pension Verification, Replaces Banks for ‘Proof of Life’
The federal government has completely abolished the role of commercial banks in verifying the “proof of life” for pensioners. Recently, the Finance Division issued a…
National Savings Rates Slashed as Pensioners and Savers Face Lower Returns
The government has lowered profit rates on most National Savings schemes, with pensioners and savers facing reductions of up to 36 basis points under revisions…
Punjab Approves Two New Pension Schemes for PSIC Employees
The Punjab Small Industries Corporation (PSIC) has approved two new pension schemes for its employees as part of broader reforms aimed at restructuring its pension…
Govt Launches E-Pension Portal for Faster Payments
The government, in collaboration with the Accountant General Pakistan Revenues (AGPR), has launched an e-Pension Portal to digitize pension services for government employees and speed…
Foreign-Currency Pensions Cost Pakistan Rs342m for 33 Retired Officials
The Foreign Ministry has told parliament that 33 retired senior government officials who have relocated abroad are receiving their pensions directly in foreign currency, at…
Supreme Court Allows Contract Service to Count Toward Pension Benefits
The Supreme Court of Pakistan has ruled that employees appointed on contract against permanent posts and later regularised may have their continuous prior contract service…
Govt Launches New Pension Scheme for Federal Employees
The federal government has formally begun implementing the Defined Contribution Pension Fund Scheme 2024 for public sector employees as part of efforts to reform the existing pension…
Govt Signs Deal with 16 Firms to Launch Pension Scheme
The government has signed agreements with 16 pension fund managers to formally launch the Defined Contribution Pension Fund Scheme (DCPFS) for public sector employees, a…
Punjab to Pay July Salaries, Pensions Early as Weekend Shifts Payday
Punjab government employees and pensioners will receive their July salaries, allowances and pensions on July 31, ahead of the standard payment schedule, following approval from…
Punjab Restores Lifetime Pension for Widows and Unmarried Daughters
The Punjab government has restored lifetime pension benefits for widows and unmarried daughters of deceased government employees, reversing a previous policy that had capped the…
Sindh Govt Employees to Receive Advance Salary and Pension
The provincial government of Sindh has decided to disburse salaries, pensions, and other financial dues to its employees before their usual payment dates. Under the…
Punjab Govt Announces Early Salaries and Pensions Before Eid
Punjab Finance Department has directed that all government salaries and pensions for May will be released on 21 May, ahead of the Eid al-Adha holiday…
