With the awarding of a consulting contract to Anwar Associates, an actuarial and financial advisory firm based in Lahore, Pakistan has taken a major step towards improving its fiscal management and long-term pension sustainability. With an emphasis on actuarial analysis of the Federal Government's Defined Benefit (DB) Pension Scheme for Civil Servants, the contract supports the ADB-funded TA-6938 PAK: Preparing the Improved Domestic Resource Mobilisation Reform Programme.
On November 11, 2025, the USD 78,800 agreement was officially signed.
Improving Pakistan's Financial Stability with Evidence-Based Pension Reform
In order to assess Pakistan's current DB pension plan's long-term liabilities, financial risks, and sustainability issues, the consulting assignment will supply expert actuarial assessments. Accurate actuarial modelling is now essential to more extensive public financial management reforms due to growing demographic pressures and pension expenditures.
The Federal Board of Revenue (FBR), the Ministry of Climate Change, and Pakistan Single Window - all important players in national resource mobilisation and governance reforms - play crucial implementation roles in the project, which is carried out by the Ministry of Finance.
Contract Specifics and the Selection Procedure
Development partners use the Simplified Consultants' Qualifications Selection (SCQS) method, a streamlined procurement procedure for specialised expert services, to award the consultancy.
Important information consists of:
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Advisor: Anwar Associates
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Pakistan is the country of incorporation.
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Amount of Contract: USD 78,800
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Date of Contract: November 11, 2025
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Location: Zarar Shaheed Road, C-5 Old Officers Colony, Lahore
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Subconsultants or Joint Ventures: None
Concerning Anwar Associates
Anwar Associates is a reputable actuarial and financial consulting company that specialises in risk modelling, actuarial auditing, and pension valuation. The company has collaborated closely with organisations in Pakistan's public and private sectors, helping with actuarial compliance evaluations, policy changes, and pension restructuring projects.
Its choice demonstrates both technical proficiency and a wealth of local knowledge, both of which are essential for negotiating the intricacies of Pakistan's civil service pension system.
The Significance of This Contract
This engagement's actuarial analysis will be crucial in:
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Evaluating long-term pension obligations
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Educating policy choices for pension reform
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promoting fiscal sustainability as part of Pakistan's larger plan to mobilise domestic resources
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strengthening the Ministry of Finance's and ADB's evidence base for reform decisions
Long-term public spending reforms are anticipated to be shaped by the assignment, which will assist the government in creating more equitable, sustainable, and financially sound pension solutions.
Considering the Future
The results of the actuarial study conducted by Anwar Associates will directly inform future stages of the Improved Domestic Resource Mobilisation Reform Programme, directing policy recommendations and assisting Pakistan in resolving one of its most urgent financial issues.
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