EOBI disburses Rs35 billion to pensioners in current fiscal year

EOBI disburses Rs35 billion to pensioners in current fiscal year

KARACHI: Employees Old-Age Benefits Institution (EOBI) has disbursed Rs35 billion to pensioners during the current fiscal year.

“The disbursement will increase to Rs46 billion during the next fiscal year,” Azhar Hameed, Chairman, EOBI, said on Monday while addressing members of Korangi Association of Trade and Industry (KATI).

President KATI Danish Khan, Senior Vice President Faraz-ur-Rehman, Head of KATI’s Standing committee on EOBI and SESSI Zahid Saeed, Zubair Chaya, Johar Qandhari and others welcomed the chairman at KATI.

The EOBI chairman said that the institution was planning to celebrate pension day to spread awareness among the employers and to honor the dedicated contributors.

He also assured that audit should be confined to once a year and he would not allow making this a tool of harassment in the hands of officials.

President KATI Danish Khan said that after 18th amendment there is a lot of confusion regarding the role of EOBI and ongoing litigations in the courts also cause uncertainty.

He said that employers are ready to provide every possible facility and contribution for the welfare of the workers.

Zahid Saeed said that there is need to give awareness to the employers regarding the role and importance of the institution.

He also suggested establishing a special desk in industrial areas of Karachi.

Zubair Chhaya said that due to incompetence of worker’s social welfare departments EOBI also suffers the credibility.

While responding to issues raised by participants Azhar Hameed asked KATI to nominate a focal person to work with the institution and resolve urgent matters.