Pakistan plans to raise retirement age for pension cost reduction ahead of IMF visit.
Pakistan considers raising retirement age to reduce pension costs ahead of IMF visit. Finance Minister Muhammad Aurangzeb reveals plans to extend retirement age, citing economic benefits. Pension payments are considered a "big liability" in the country, with the retirement age currently at 60. The government aims to introduce pension reforms to lessen the burden on the economy.
May 07, 2024
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