💨 Abstract

Pakistan's government has implemented a ban on receiving double pensions from the national treasury to satisfy requirements set by the IMF and World Bank. The government also decided to calculate pension benefits based on the average earnings of the last 24 months before retirement. Previously, pensions were calculated based on the last 30 years of salary. These reforms aim to address rapidly increasing pension liabilities, estimated at PKR 40-45 trillion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖