PM approves establishment of Pakistan Post Pension Fund

ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the establishment of Pakistan Post Pension Fund for an institutionalised mechanism for disbursing of pension.

Chairing a meeting on pension for employees of Pakistan Post, PM Imran also approved setting up a committee comprising representatives of the Ministry of Finance, Ministry of Communications, Securities and Exchange Commission of Pakistan (SECP) and National Investment Trust to finalise proposals on the pension fund for submission before the federal cabinet.

The PM stressed on devising the pension system across the country on modern lines to meet the challenges of limited financial resources of the government and reduce burden over exchequer.

The meeting was informed that pension consumes around 34 per cent of the budget of Pakistan Post, which is gradually increasing with time.

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The PM was apprised that the agreement on digitalization of Pakistan Post would be signed next week, under which the employees would be provided Ipads and other gadgets for biometric verification.

Separately, Prime Minister Imran said that Pakistan’s trade and economy continue to benefit from European Union’s GSP Plus agreement and expressed resolve to furthering human rights commitments in line with the international conventions.

“We intend to continue working to fulfill our commitments under the 27 international conventions we are party to, including six Human Rights Conventions, which are part of GSP Plus agreement,” he said in a series of tweets.

The PM said these commitments are beneficial for the country.

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