In a sigh of relief for retired employees, the federal government has approved a 15% increase in pensions within the framework of the Employee Business Institution (EOBI).
Speaking to journalists, after the meeting of the cabinet, the Minister of Pakistani abroad and the development of human resources, Chaudhry Salik Hussain, said: “Eobi pensions have been increased.”
He said that the EOBI retirees will be paid, including the arrears from September 1, added the minister. Hussain said EOBI would release 10 billion monthly pension rupees.
“Retirees with a long service will now be able to receive a pension of more than 30,000 rupees per month,” added the minister.
He argued that a committee had been trained to include the informal sector and the Eobi domestic workers. The Committee will also strive to include agricultural workers in the EOBI system, added Hussain.
The new increase in pension is added to the 15% increase approved by the firm last month.
In July, the firm approved an increase of 15% of pensions under the EOBI, which was to take effect from January 1, 2025.
Earlier this week, the EOBI provided the Standing Committee of the National Assembly on the development of Pakistani and human resources abroad that pensions would be published, the minimum pension past from RS10,000 to RS11 500 with effect of January 1, 2025 to be disbursed with all tests on September 1, 2025.
