Pension and Retirement Savings Funds are now offered by most of the mutual fund providers operating in Pakistan. These are all mostly the Commercial Banks of Pakistan and/or their subsidiaries. In this video i have explained and reviewed all of them, compared them against each other and together we saw what they all offer. Most importantly what options of Pension Funds and retirement savings funds are available in Pakistan, what they offer and how they compare and stand against each other.

This is very comprehensive information about the pension funds and the options available. Also details about how they work in full detail. But a very short summery goes like as follows.

While you are young and able to work or working right now, as a business owner or a salaried person. You start a pension fund account with any of available providers, than you keep putting in small amount of money after each month, three months, semi-annually or even annually, than this money keeps earning profit and keeps adding up, until you are ready to retire. So when you are of retirement age, you have a good amount with you in fund. You can claim some of it as lump-sum amount right at time of retirement without even paying any tax on 50% of total amount, other with paying the applicable tax to government. Plus you also get the monthly pension. That is a reward of running so long pension fund with a bank and also this was the main Purpose of this fund.

This is all life changing stuff and boils down to, you save while you work (as form of Business/Job), than payed lump-sum amount on retirement and than pension after that. There are also Tankful/Insurance coverage of millions in event of Permanent disability or Death, included as free benefits of these schemes. Good thing about these is they don’t even ask from you about your Job/business, you are able to start with a pension saving fund or scheme by just showing you National Identity Card (CNIC) or NTN number, that is it. Also even overseas Pakistanis are eligible, they will just have to show Overseas Pakistanis Card if CNIC not available. Since, they have no concern with what you do, switching jobs / business won’t matter to them, your plan will keep going and growing smoothly.

Following are different sections of this video, I however recommend watching it more completely for better understanding.

00:00 Opening / Introduction to Pension Funds

02:34 1. Meezan Tahaffuz Pension Fund

10:55 Pension Funds by MCB iSave
11:24 2. Pakistan Pension Fund (MCB iSave)
12:42 3. Alhamra Islamic Pension Fund (MCB iSave)

13:46 JS Bank Pension Funds
14:06 4. JS Pension Saving Funds (JS Bank)
18:44 5. JS Islam Pensions Saving Fund (JS Bank)

20:21 Pension Funds by National Bank of Pakistan
20:35 6. Nafa Pension Fund (National Bank)
26:38 7. Nafa Islamic Pension Fund (National Bank)

32:16 UBL Pension Funds
32:26 8. UBL Retirement Savings Fund (UBL)
34:08 9. UBL Al-Ameen Islamic Retirement Savings Fund (UBL)

35:31 Conclusion / Closing

Following are the links to official information resources of all the mentioned fund in this video.

1. Meezan Tahaffuz Pension Fund:

2. Pakistan Pension Fund (MCB iSave):
3. Alhamra Islamic Pension Fund (MCB iSave):

4. JS Pension Saving Funds (JS Bank):
5. JS Islam Pensions Saving Fund (JS Bank):

6. Nafa Pension Fund (National Bank):
7. Nafa Islamic Pension Fund (National Bank):

8. UBL Retirement Savings Fund (UBL):
9. UBL Al-Ameen Islamic Retirement Savings Fund (UBL):

Many more Financial, Tourism and Pakistani Government processes information videos on the way, so do not forget to Subscribe. Also if you found this video useful, share it with your friends and family so everyone can benefit.

Finally, this video is made to make you better aware with available pension saving funds and schemes available in Pakistan. To best of my knowledge I tried to give your best and most correct information. However, if you decide to invest in any mentioned funds, do also confirm from the provided representative about any hidden charges and risks. Usually they are mentioned on these all official sources. But it is always better to confirm and better informed. And make an informed decision, which is without any shadow of doubt.

Couple of old videos which I mentioned on start of this video and you might be interested in watching, are as follows.
1. Daily income Funds for Pakistanis:
2. Monthly Income Mutual Funds & Schemes:

Finally, I got the chance to shoot a video about, “How To Legally Save Income Tax in Pakistan”. You can watch it here: …(read more)

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