Punjab to save Rs85bn by pension reforms.

Pension reforms introduced by the government of Punjab will play a unique role in reducing financial burden on the province, remarked Punjab Finance Minister Hashim Jawan Bakht. Elaborating on the reforms in a statement on Thursday, he said that given the current growth rate of pension and salary payments, the government of Punjab would run out of finances in the near future, which would impact development expenditure in the province.

"If pension expenditure continues to grow...