Every society is judged by how it treats its elders. In Pakistan, where family values remain a cornerstone, we have traditionally relied on informal support systems to look after our retirees. However, with demographic shifts, rapid urbanization, and a persistent inflation rate, these traditional safety nets are under unprecedented strain. The question we must confront is simple: how do we ensure our elders can live with dignity and financial independence in the decades ahead? For decades, Pakistan’s pension system has been overwhelmingly confined to the public sector. Yet even here, the long-term viability of the defined-benefit model is being challenged…
