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Pensions in Pakistan. Pensions in Pakistan are provisions which are provided to retired employees. [1] Because only the retired formal sector mostly benefits from pensions, most of the social schemes and retirement welfare system in the country cover a small proportion of the old-age population, whereas a significant proportion of the elderly ...
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income . Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors ...
Government Pension Fund of Norway. 1,555. Oil & Gas. Saudi Arabia [25] [26] Public Investment Fund / National Development Fund. 1,345. Oil & Gas. Kuwait [27] Kuwait Investment Authority / Gulf Investment Corporation / Wafra International Investment Company.
Punjab Pension Fund (PPF) Punjab Pension Fund, a body corporate, was formed after the promulgation of Punjab Pension Fund Act in 2007. The purpose of the Fund is to generate revenue for the discharge of pension liabilities of the Government. Punjab Pension fund is managing two tpes of funds, Punjab Pension Fund (PPF) and Punjab General ...
Survivors' pension - Survivors pension is provided to the nominees of the insured person in event of death of the insured person. As per Islamic teachings old parents and young widows are included in the survivor pension program. As per EOBI rules, parents of the unmarried employee gets pension for 5 years in case of employee's death.
The Ministry of Finance is a Cabinet-level ministry of the Government of Pakistan in charge of government finance, physical policy and financial regulation. It is headed by a Finance Minister, an executive or cabinet position. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
India: Pensions in India. National Pension System. Employees' Provident Fund Organisation of India. Iranian Social Security Civil Servants Pension Fund. Japan – National Pension. Malaysia: Employees Provident Fund – Private voluntary retirement contribution system. Retirement Fund – Public pensions.
The Act gave the organization the administrative authority and financial autonomy to carry out the reform program for Pakistan's capital market. The scope of the authority of the SECP has been gradually widened. The insurance sector, non-banking financial companies, and pension funds have been added to the purview of the SECP.