ISLAMABAD: In a recent development, according to official sources, the Employees’ Old-Age Benefits Institution (EOBI) raised the minimum pension from Rs 10,000 to Rs 11,500 on Monday.
Salik Hussain, the Federal Minister for Overseas Pakistanis, presided over the meeting when the decision was taken. The minister received an update on EOBI’s performance throughout the previous three quarters.
The briefing stated that during 2024–2025, EOBI earned Rs116 billion, a 40% increase in revenue. The minimum pension has been increased by EOBI from Rs 10,000 to Rs 11,500.
It is anticipated that the pension hike will be formally announced on May 1, which is Labour Day.
The briefing also disclosed that the EOBI rule has been proposed to apply to institutions with fewer than ten employees. Additionally, it has been decided to include the domestic, legal, financial, and agricultural sectors within EOBI.
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