Investor Presentaiton

Chapter VI - Debt, Pension and GPF Liabilities 66 Punjab Pension Fund's funded status (assets/liabilities) is estimated to be 1.23%, as of June 30, 2020, which is quite low. The Government, despite severe fiscal constraints, has been giving due consideration to capitalization of the fund. In the FY19-20, until April 2020, the Government had provided a capital of PKR 5.0 billion. Higher contributions coupled with rationalization of pension benefits can improve funded status of the Fund. History of capitalization of the fund by the Government is summarized as under: 9.0 Capitalization of Punjab Pension Fund (PKR Billion) 4.8 5.0 3.0 5.0 5.3 5.0 dn.m 1.0 FY 2008-09 FY 2009-10 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2018-19 FY 2019-20 Punjab Pension Fund's Assets Assets of the Punjab Pension Fund are estimated to increase to PKR 74.9 billion as of June 30, 2020 against the capitalization of PKR38.1 billion into the Fund until April 30, 2020. The remaining amount of PKR 36.8 billion has been earned by the Fund through its investments. Long-term Investments Investment Classification NATIONAL SAVINGS Medium-term Investments Short-term Investments BANK III Pakistan Investment Bonds (PIBs) Term Finance Certificates National Saving Scheme (NSS) Treasury Bills and Bank Deposits Page 55

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