Islamabad: The Securities and Exchange Commission of Pakistan (SECP) hosted a National Workshop on Transitioning to Defined Contribution (DC) Pension Schemes in Islamabad, gathering key stakeholders from both the public and financial sectors. The event highlighted the pressing need for pension reform, as emphasized by Finance Minister Senator Muhammad Aurangzeb.

Minister Aurangzeb addressed the unsustainability of the current defined benefit system and reiterated the government’s support for transitioning to a more viable pension model. He emphasized the importance of ensuring the successful implementation of the new system.

Chairman of SECP, Mr. Akif Saeed, detailed the progress made in establishing a regulatory framework for DC pension schemes. He highlighted the significance of technology, transparency, and awareness in fostering a modern pension landscape.

Representatives from federal and provincial governments provided updates on reform efforts, with notable insights from Khyber Pakhtunkhwa’s early implementation experience. The workshop facilitated dialogue among senior officials, regulators, financial sector leaders, and development partners.

The SECP expressed its dedication to collaborating with stakeholders to create a transparent and reliable pension system aimed at long-term financial security and inclusion.