Government introduces major reforms in pension policy
The federal government has introduced significant reforms to its pension scheme, issuing new guidelines aimed at addressing the rising pension bill. On Tuesday, the finance ministry released three office memoranda based on the recommendations of the Pay and Pension Commission 2020. Under these new rules, the family pension period has
Pension reforms: Govt bans multiple pensions, limits pensions to 10 years
WEB DESK: The government has approved new pension reforms, imposing a ban on securing multiple pensions and limiting pension provision for family members to 10 years. Under the reforms, pensions will be calculated based on 70 per cent of the average salary drawn during the last 24 months of service
IMF asks Pakistan to ‘impose’ tax on monthly pensions
The International Monetary Fund (IMF) has asked Pakistan to tax monthly pensions over Rs 100,000. According to reports, the new bailout program will require pension reforms, with policy talks starting tomorrow as negotiations near their final phase. To get a new loan from the IMF, Pakistan must meet their demands.
