According to data published by Akorda, Integrated Accumulative Pension Fund (IAPF) has 1,450 billion tenges at the present time. T500 billion of its finance will be converted to foreign currency for the investment of IAPF diversification and increase the profitability of citizen's pension accumulation.

The sum of 600 billion tenges will be directed to the acquisition of the second level banking bonds and national holdings on a returnable basis and under a market interest rate for an increase of profitability and safety of pension assets.

Further, other finance will be invested for stimulation of the major sectors of the economy.

During the meeting with the Chairman of National Bank which was held yesterday, Kazakh Leader Nursultan Nazarbayev also paid attention to questions of the republican budget specification for 2016 and putting the matched changes into the state and industrial programs.

Photo: www.sanay.kz