The Pakistan Pavilion was officially inaugurated at the 49th edition of Middle East Energy 2025, taking place at the Dubai World Trade Centre from April 7 to 9, 2025. The event is recognized as one of the premier energy exhibitions in the region, attracting over 40,000 energy professionals and 1,600 international exhibitors. The inauguration ceremony was led by Pakistan’s Ambassador to the United Arab Emirates (UAE), Faisal Niaz Tirmizi, who emphasized the importance of this event for showcasing Pakistan's capabilities in the energy sector. During the inauguration, Ambassador Tirmizi expressed pride in the participation of eight leading Pakistani companies under the umbrella of the Trade Development Authority of Pakistan (TDAP). These companies are showcasing innovations across five key energy transition sectors: Smart Solutions, Clean & Renewable Energy, Backup Generators & Critical Power, Transmission & Distribution, and Energy Consumption & Management. This diver...
As the Pakistani government prepares for discussions with the IMF later this month, one proposal on the table could impact many working people - raising the country's retirement age.
Currently in Pakistan, most government workers and those in the private sector can retire with a full pension at age 60. But with an aging population and financial pressures, some experts argue the retirement age needs to be pushed back to help the system's long-term sustainability.
The finance ministry is considering recommendations from the IMF and other advisers to gradually increase the retirement threshold. One plan under discussion would bump the age up by a few months or years every year over the next decade, eventually setting it at 63 or 65.
Proponents say Pakistan simply can't afford to have so many people leave the labor force in their late 50s anymore. An older retirement age would mean more years of contributions still being made to pension plans. It could also encourage skills and experience to stay active in the economy longer.
However, critics worry it may be too difficult a change for many Pakistanis who have physically demanding jobs. Living standards are challenging as it is for older people, and higher costs of living are hitting families hard. Pushing back the retirement limit could especially burden low-income groups.
Unions representing workers have pledged to resist any increase without guarantees like retraining programs or protection of existing pension rights. They argue the focus should be on solving unemployment, not compelling people to work more years than planned.
It's a complex debate balancing economic realities with people's quality of life. As discussions with the IMF continue, the government will need to carefully consider the different viewpoints to find an appropriate solution for the country's long-term fiscal health as well as citizens in their golden years.
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