KPK, July 24, 2025 – Pak-Qatar Family Takaful Limited (PQFTL) is proud to announce its inclusion in the Khyber Pakhtunkhwa Government’s Contributory Pension Fund (CPF) Scheme as the 13th officially licensed fund manager. This significant milestone was marked by a formal agreement signing ceremony, attended by key officials from both the Government of KPK and Pak-Qatar Family Takaful.
The agreement was signed under the leadership of KPK Finance Minister Mr. Muzammil Aslam, with Mr. Amer Sultan Tareen, Secretary Finance, officiating the signing. Other distinguished government representatives included Mr. Abdul Qayyum, Team Lead DMU, and Mr. Naveed Alam, Deputy Director of the Pension Department.
Representing Pak-Qatar were senior leadership members including Mr. Said Gul, Founder and Member, Board of Directors; Mr. Kamran Saleem, Founder and Member, Board of Directors; Mr. Waqas Ahmed, CEO of Pak-Qatar Family Takaful; and Mr. Mehmood Arshad, Group Executive Director.
“The Contributory Pension Fund (CPF) Scheme, introduced by the Government of Khyber Pakhtunkhwa in 2022, is a pioneering initiative aimed at ensuring a secure financial future for government employees through a contribution-based model. Under this scheme, employees contribute 10% of their salaries, while the government contributes an additional 12% on a monthly basis, collectively building a sustainable retirement plan. To date, over 59,000 employees have already been registered”, quoted KPK Finance Minister Mr. Muzammil Aslam.
What sets CPF apart is its unique outsourced investment framework, wherein only SECP-licensed Asset Management Companies with a minimum AM2 credit rating are eligible to manage the funds. After a rigorous evaluation process, Pak-Qatar Family Takaful was granted the license, meeting the highest professional fund management standards and becoming the 13th registered institution under the scheme.
Notably, Pak-Qatar Family Takaful is the first Takaful company in Pakistan to be licensed as a Pension Fund Manager, holding a prestigious AM2 rating.
Mr. Waqas Ahmed, Chief Executive Officer, Pak-Qatar Family Takaful Limited, expressed his gratitude and commitment, stating:
“We are honored to be entrusted by the KPK Government. This partnership aligns with our mission to provide ethical and Shariah-compliant financial solutions. It is a privilege to contribute to the long-term financial well-being of public servants through our Voluntary Pension Scheme and other tailored pension offerings.”
The company has also become the first and only Takaful operator to be inducted by the KPK Government for managing contributions under its reformed pension scheme. While 12 other institutions have been selected for this initiative, Pak-Qatar stands out as the sole Takaful entity entrusted with this responsibility — reinforcing its leadership in the Islamic financial services sector.
The inclusion of PQFTL in the CPF panel reflects the company’s unwavering dedication to promoting financial inclusion and professional excellence in Pakistan’s evolving pension and Takaful ecosystem.
