This Contributory Islamic Pension Fund has been introduced by the government of Balochistan for new employees of the Balochistan Government who joined service on or after 1st July, 2026.
Under the Balochistan Government’s pension reform via Balochistan Defined Contributory Pension Scheme Rules, 2025, the Government of Balochistan had announced newly inducted Government of Balochistan employees are eligible to participate in a funded retirement savings plan. The Balochistan Pension structure has been changed for all new Balochistan Govt. employees after the notification.
ABL Asset Management Company Limited (“ABL Funds”) has been appointed as a Shariah compliant Pension Fund Manager to professionally manage your retirement contributions.
The ABL GOPB Islamic Pension Fund (ABL GOB IPF) aims to offer Balochistan Government employees a secure avenue for building Shariah Compliant retirement savings and generating consistent post-retirement income, with the flexibility to choose your investment allocation and risk profile.
The ABL GOPB Islamic Pension Fund consists of four (4) Sub Funds as below and their investment objectives are as follows:
| Allocation Plan | Risk Profile (Product & Investor) | Risk of Principal Erosion |
|---|---|---|
| Customized Plan with 100% in Money Market Sub Fund | Very Low | Principal at Very Low Risk |
| Lifecycle Plan (for age 60 years & above) | Low | Principal at Low Risk |
| Lifecycle Plan (for age between 50-59 years). Customized Plan with 0% -20% Equity Active Sub Fund aggregate exposure | Moderate | Principal at Moderate Risk |
| Medium Volatility Plan. Lifecycle Plan (for age between 51-60 years). Customized Plan with 26% – 50% Equity & Commodity Sub Fund aggregate exposure | Medium | Principal at Medium Risk |
| High Volatility & Life Cycle Plans (up to the age of 50 years). Customized Plan with more than 50% Equity & Commodity Sub Fund aggregate exposure | High | Principal at High Risk |
Both the Government of Balochistan and the participating employee contribute towards your pension savings as follows:
| Contributor | Contribution Rate |
|---|---|
| Employee | 10% of Pensionable Pay |
| Government of Balochistan | 12% of Pensionable Pay |
| Overall Contribution | 22% |
Employees may also choose to contribute additional amounts from their salary at their discretion.
| Age | Equity Index Sub Fund | Equity Active Sub Fund | Combined Exposure to Equity | Debt / Money Market Sub Fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% (Money Market Sub Fund only) |
| Up to 30 Years | Max 50% | Max 25% | Max 50% | Min 50% |
| Up to 40 Years | Max 40% | Max 20% | Max 40% | Min 60% |
| Up to 50 Years | Max 30% | Max 15% | Max 30% | Min 70% |
| Up to 60 Years | Max 20% | Max 10% | Max 20% | Min 80% |
| Age | Equity Index Sub Fund | Equity Active Sub Fund | Debt Sub Fund | Money Market Sub Fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% |
| Up to 30 Years | 30% | 10% | 30% | 30% |
| Up to 40 Years | 20% | 10% | 30% | 40% |
| Up to 50 Years | 15% | 5% | 20% | 60% |
| Up to 60 Years | 10% | 0% | 10% | 80% |
| Scheme Name | ABL Government of Balochistan Islamic Pension Fund (ABL GOB Islamic Pension Fund) |
|---|---|
| Scheme Type | Shariah Compliant Voluntary Pension Scheme |
| Launch Date | 22nd July 2026 |
| Allocation Policy |
Equity Active Sub Fund Assets of an Equity Sub Fund shall be invested in shariah compliant equity securities which are listed on a Stock Exchange or for the listing of which an application has been approved by a Stock Exchange and Equity Sub Fund shall be eligible to invest in units of shariah compliant Real Estate Investment Trusts / Exchange Traded Fund provided that entity/sector/group exposures limit as prescribed are complied with. Debt Sub-fund The Debt Sub-fund shall consist of shariah compliant government securities, cash in bank account, money market placements, deposits, certificate of deposits (COD), certificate of musharakas (COM), TDRs, Islamic commercial paper, Sukuk or any other Islamic mode of placement, reverse repo, deposits/placements with shariah compliant Microfinance Banks and any other approved debt/ money market security issued from time to time. Money Market Sub-fund The Money Market Sub-fund shall consist of shariah compliant government securities, cash and near cash instruments which include cash in bank accounts excluding TDRs, money market placements, deposits, certificate of deposits (COD), certificate of musharakas (COM) or any other Islamic mode of placement, TDRs, Islamic commercial papers, reverse repo. Equity Index Sub-fund The Investment Objective of the Equity Index Sub-Fund is to provide investors an opportunity to track closely the performance of the KMI-30 by investing in companies of the Index in proportion to their weightages. |
| Front End Load | NIL |
| Sub Fund | Performance Benchmark |
|---|---|
| Money Market Sub Fund | 90% three (3) months PKISRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Islamic Banks or Islamic windows of Conventional Banks as selected by MUFAP. |
| Debt Sub Fund | 75% Twelve (12) months PKISRV + 25% six (6) months average of the highest rates on saving account of three (3) AA rated schedule Islamic banks or Islamic windows of conventional banks as selected by MUFAP. |
| Equity Sub Fund | KMI-30 Index (Total return index) |
| Equity Index Sub Fund | Return of the shariah compliant index being tracked by the PFM (Total return based). |
| Total Asset Under Management (AUM) with a single Pension Fund Manager Relating to GoB employees | Maximum Total Expense Ratio excluding Takaful charges and government taxes and levies (as % of average daily net assets) | Takaful charges (as % of average daily net assets) | |||
|---|---|---|---|---|---|
| Money Market Sub-Fund | Debt Sub-Fund | Equity Index Sub-Fund | Equity Sub-Fund | ||
| Upto PKR 10 billion | 0.75% | 0.75% | 1.00% | 1.75% | To be charged on actual basis to the Participants accounts as per the limits and pricing mutually decided by the Balochistan Govt. and PFM |
| > PKR 10 billion upto PKR 20 billion | 0.70% | 0.70% | 0.95% | 1.70% | |
| > PKR 20 billion upto PKR 30 billion | 0.60% | 0.60% | 0.85% | 1.60% | |
| > PKR 30 billion | 0.50% | 0.50% | 0.75% | 1.50% | |
Disclaimer: All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.10, 7.11 and Warnings in clause 11 before making any investment decisions.
This Contributory Pension Fund has been introduced by the government of Balochistan for new employees of the Balochistan Government who joined service on or after 1st July, 2026.
Under the Balochistan Government’s pension reform via Balochistan Defined Contributory Pension Scheme Rules, 2025, the Government of Balochistan had announced newly inducted Government of Balochistan employees are eligible to participate in a funded retirement savings plan. The Balochistan Pension structure has been changed for all new Balochistan Govt. employees after the notification.
ABL Asset Management Company Limited (“ABL Funds”) has been appointed as a Pension Fund Manager to professionally manage your retirement contributions.
The ABL GOB Pension Fund (ABL GOB PF) aims to offer Balochistan Government employees a secure avenue for building retirement savings and generating consistent post-retirement income, with the flexibility to choose your investment allocation and risk profile.
The ABL GOB Pension Fund consists of four (4) Sub Funds as below and their investment objectives are as follows:
| Allocation Plan | Risk Profile (Product & Investor) | Risk of Principal Erosion |
|---|---|---|
| Customized Plan with 100% in Money Market Sub Fund | Very Low | Principal at Very Low Risk |
| Lifecycle Plan (for age 60 years & above) | Low | Principal at Low Risk |
| Lifecycle Plan (for age between 50-59 years). Customized Plan with 0% -20% Equity Active Sub Fund aggregate exposure | Medium | Principal at Medium Risk |
| Medium Volatility Plan. Lifecycle Plan (for age between 51-60 years). Customized Plan with 26% - 50% Equity Sub Fund aggregate exposure | High | Principal at High Risk |
| High Volatility & Life Cycle Plans (up to the age of 50 years). Customized Plan with more than 50% Equity Sub Fund aggregate exposure | High | Principal at High Risk |
Both the Government of Balochistan and the participating employee contribute towards your pension savings as follows:
| Contributor | Contribution Rate |
|---|---|
| Employee | 10% of Pensionable Pay |
| Government of Balochistan | 12% of Pensionable Pay |
| Overall Contribution | 22% |
Employees may also choose to contribute additional amounts from their salary at their discretion.
| Age | Equity Index Sub Fund | Equity Active Sub Fund | Combined Exposure to Equity | Debt / Money Market Sub Fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% (Money Market Sub Fund only) |
| Up to 30 Years | Max 50% | Max 25% | Max 50% | Min 50% |
| Up to 40 Years | Max 40% | Max 20% | Max 40% | Min 60% |
| Up to 50 Years | Max 30% | Max 15% | Max 30% | Min 70% |
| Up to 60 Years | Max 20% | Max 10% | Max 20% | Min 80% |
| Age | Equity Index Sub Fund | Equity Active Sub Fund | Debt Sub Fund | Money Market Sub Fund |
|---|---|---|---|---|
| For the period of 3 years from date of account opening | 0% | 0% | 0% | 100% |
| Up to 30 Years | 30% | 10% | 30% | 30% |
| Up to 40 Years | 20% | 10% | 30% | 40% |
| Up to 50 Years | 15% | 5% | 20% | 60% |
| Up to 60 Years | 10% | 0% | 10% | 80% |
| Scheme Name | ABL Government of Balochistan Pension Fund (ABL GOB Pension Fund) |
|---|---|
| Scheme Type | Voluntary Pension Scheme |
| Launch Date | 22nd July 2026 |
| Allocation Policy |
Equity Active Sub Fund Assets of an equity Active sub-fund shall be invested in equity securities which are listed on a Stock Exchange or for the listing of which an application has been approved by a Stock Exchange and Equity Active sub-fund shall be eligible to invest in units of Real Estate Investment Trusts and Exchange Traded Fund provided that entity/sector/group exposures limits as prescribed are complied with. Debt Sub-fund The Debt Sub-fund shall consist of government securities, cash in bank account, money market placements, deposits, Certificate of Deposits (COD), Certificate of Musharakas (COM), TDRs, commercial paper / short term sukuk or any other mode of placement, reverse repo, deposits/placements with Microfinance Banks and any other approved debt/ money market security issued from time to time. Money Market Sub-fund The Money Market Sub-fund shall consist of government securities, cash and near cash instruments which include cash in bank accounts (excluding TDRs), money market placements, certificate of deposits (COD), certificate of musharakas (COM) or any other mode of placement, TDRs, commercial papers / short term sukuks, reverse repo. Equity Index Sub-fund The Investment Objective of the Equity Index Sub-Fund is to provide investors an opportunity to track closely the performance of the KSE-100 index by investing in companies of the Index in proportion to their weightages. |
| Front End Load | NIL |
| Sub Fund | Performance Benchmark |
|---|---|
| Money Market Sub Fund | 90% three (3) months PKRV rates + 10% three (3) months average of the highest rates on savings account of three (3) AA rated scheduled Banks as selected by MUFAP. |
| Debt Sub Fund | 75% Twelve (12) months PKRV + 25% six (6) months average of the highest rates on saving account of three (3) AA rated schedule banks or as selected by MUFAP. |
| Equity Sub Fund | KSE-100 Index (Total return index) |
| Equity Index Sub Fund | Return of the index being tracked by the PFM (Total return based). |
| Total Asset Under Management (AUM) with a single Pension Fund Manager Relating to GoB employees | Maximum Total Expense Ratio excluding Takaful charges and government taxes and levies (as % of average daily net assets) | Insurance charges (as % of average daily net assets) | |||
|---|---|---|---|---|---|
| Money Market Sub-Fund | Debt Sub-Fund | Equity Index Sub-Fund | Equity Sub-Fund | ||
| Upto PKR 10 billion | 0.75% | 0.75% | 1.00% | 1.75% | To be charged on actual basis to the Participants accounts as per the limits and pricing mutually decided by the Balochistan Govt. and PFM |
| > PKR 10 billion upto PKR 20 billion | 0.70% | 0.70% | 0.95% | 1.70% | |
| > PKR 20 billion upto PKR 30 billion | 0.60% | 0.60% | 0.85% | 1.60% | |
| > PKR 30 billion | 0.50% | 0.50% | 0.75% | 1.50% | |
Disclaimer: All investments in Pension Funds are subject to market risks. The investors are advised in their own interest to carefully read the Offering Documents in Particular the Investment Policies mentioned in clause 07 Risk factors mentioned in clause 7.10, 7.11 and Warnings in clause 11 before making any investment decisions.
