ISLAMABAD, August 31, 2025 – Federal Minister for Overseas Pakistanis and Human Resource Development, Chaudhry Salik Hussain, announced that the Employees’ Old-Age Benefits Institution (EOBI) will disburse around Rs 10 billion under its monthly pension payroll, ensuring that pensioners receive their revised amounts along with arrears.
(more…)Tag: EOBI
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EOBI releases pensions after ombudsman’s intervention
Islamabad, August 28, 2025 – In a significant move to uphold the rights of retired workers, the Employees’ Old-Age Benefits Institution (EOBI) has released long-delayed pensions and dues following a directive from the Federal Ombudsman.
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Federal cabinet approves 15% increase in EOBI pension
Islamabad, July 16, 2025 – The federal cabinet on Wednesday approved a 15% increase in monthly pensions distributed by the Employees’ Old-Age Benefits Institution (EOBI), a move that will directly benefit hundreds of thousands of retired workers across Pakistan.
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EOBI to Establish Helpdesk for SITE Association Members
Karachi, November 25, 2024 – Dr. Javed Shaikh, Acting Chairman of Employees Old-Age Benefit Institution (EOBI), has announced to set up EOBI Helpdesk on every Monday at the premises of SITE Association of Industry to facilitate members in resolution of their issues related to EOBI.
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EOBI Pension Increased by 17% to Rs 10,000
Islamabad, September 8, 2023 – In a move aimed at improving the financial well-being of retired citizens, the federal government announced on Friday a significant increase of 17 percent in the pension provided by the Employees Old Age Benefits Institution (EOBI), raising it to Rs 10,000.
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Government Announces 18% Increase in EOBI Pension
Islamabad, June 21, 2023: In a significant move aimed at improving the financial well-being of government employees, the government of Pakistan has announced an 18% increase in the pension for pensioners of the Employees Old-Age Benefit Institution (EOBI).
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EOBI pension should be increased immediately to Rs25,000 per month
EOBI Pensioners Welfare Association (EPWA) Saturday demanded the government to immediately increase the pension to Rs25,000 per month.
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Company registration rises to 180,996: SEC Pakistan
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total company registration has increased to 180,996 by end of October 2022.
According to a statement the SECP registered 2,361 new companies in October 2022. “This shows an increase of 17 per cent as compared to corresponding period last month. The total number of registered companies now stands at 180,966,” the SECP added.
READ MORE: SECP’s company registration goes up to 169,919 till May 2022
Foreign investment has been reported in 77 new companies. These companies have foreign investors from Afghanistan, Austria, Australia, Bangladesh, China, Denmark, Iran, Italy, Jordan, Korea (South), Lebanon, Lithuania, Norway, Saudi Arabia, Singapore, Yemen, Tunisia, Turkey, the UAE, the UK and the US.
Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood Rs3 billion.
READ MORE: SECP, FBR integration brings 2,365 companies under tax net
In October, about 60 per cent companies were registered as private limited companies, while 37 per cent were registered as single member companies. About three per cent were registered as public unlisted companies, not profit associations, foreign companies and limited liability partnership (LLP). Nearly 99.8 per cent companies were registered online.
READ MORE: RDA: SECP exempts banks from obtaining license
The real estate development and construction sector took the lead with incorporation of 432, information technology with 355, trading with 279, services with 234, food and beverages with 93, e-commerce with 92, tourism with 84, education with 83, corporate agricultural farming with 72, marketing and advertisement with 56, engineering with 45, power generation with 44 and 814 companies were registered in other sectors.
READ MORE: SEC Pakistan amends regulations to facilitate startups
As a result of integration of SECP with the Federal Board of Revenue (FBR) ad various provincial department, 1,969 companies were registered with the FBR for generation of National Tax Number (NTN), 81 companies with Employees Old-age Benefit Institution (EOBI), 47 companies with PESSI/SESSI ad 57 companies with excise and taxation department.
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EOBI to launch self assessment scheme for employers
KARACHI: Employees Old-Age Benefits Institution (EOBI) has proposed a self assessment scheme under which the institution may select companies through random balloting for audit.
EOBI Chairman Shakeel Ahmed Mangnejo said that for the convenience of employers as well as to encourage more contributions from them, a Self-Assessment Scheme is proposed in the upcoming amendment into the EOBI Act, under which, companies to be audited shall be selected by random balloting.
READ MORE: EOBI pension to increase Rs15,000 per month
He was addressing the SITE Association of Industry (SAI).
EOBI Chairman announced to make EOBI Helpdesk at SITE Association functional with immediate effect and depute an officer to attend the Helpdesk at least once in a week for better coordination between registered employers and EOBI as well as to resolve issues of members of the Association.
Expressing views on minimum wage and contribution, Chairman EOBI asked the industrialists to make payment at Rs. 13,000/- wage and clear the backlog as the EOBI fund is also facing difficulties.
He gave the option of installments to those who are paying contributions of less than 780/- per month to clear their backlog.
READ MORE: SITE Association demands reversing policy rate at 7%
He further informed that EOBI is currently paying Rs50 billion per annum to more than 400,000 pensioners. Therefore, everyone should pay a contribution on time Rs13000 minimum wage in the larger interest of registered workers and suggested to report harassment cases under Section 35 of the Act – a portal for this is already active on their website.
Replying to a query from Ex-President Saleem Parekh regarding sharing of EOBI accounts, Chairman EOBI informed that un-audited accounts up to the year 2020, together with minutes of BOT, have been placed on the website of EOBI.
Chairman EOBI further said that companies whose contributions exceed Rs. 100,000/month would be bound to pay their contributions through EOBI’s automated Facilitation System (FS) from 1st February 2022. This is necessary to maintain an accurate record of registered workers. By March 2022, EOBI is expected to launch its mobile app as well.
READ MORE: SITE Association signs MoU for tax return filing
Earlier, President of SITE Association of Industry Abdul Rasheed, while welcoming the guests, said that a representative of SITE Association should be taken in the Board of Trustees of EOBI and stressed the need to re-activate EOBI Helpdesk at SITE Association as per past practice. He mentioned that collection targets issued by EOBI should be avoided and inspection of records should be done only once in a year. He also highlighted the issues being faced by pensioners, particularly widows, in getting pension.
SVP Saud Mahmood briefed members on the Profile of Shakeel Ahmed Mangnejo who is very well qualified and highly accomplished in all his previous postings.
Chairman of Labour Sub-Committee Abdul Kadir Bilwani on this occasion briefed the Chairman EOBI on the issues being faced by the employers and employees of SITE area which in particular included delay in issuance of pension cards, release of pending applications of pensioners for payments, relief in inspection audits given the COVID situation to help Industrialists, harassment of Industrialists by audit inspectors and unnecessary demand of company financials.
READ MORE: SITE Association hails FBR chairman’s no bank account freezing decision
Former president Jawed Bilwani said that industrialists are actual stakeholders of the country who generate employment, pay taxes and earn sorely needed foreign exchange. He demanded that representatives of employers in EOBI should provide evidence of having taken input from all industrial area associations before making any decision to avoid litigation.
Former president Younus Bashir on this occasion expressed views about EOBI audit and collection target, notorious activities of labour leaders in industrial areas and stressed the need to avoid time-consuming litigation and drew the attention of EOBI Chairman towards labour representatives’ conduct in the EOBI meetings. He also suggested linking the number of employees with the power & gas consumption of the industry for a better and holistic view of operations as opposed to arbitrary assumptions.
Dr. Javed Sheikh, Deputy Director General and Ali Muttaqi Shah, Regional Head, Nazimabad Region, EOBI, Abdul Rasheed, President of SITE Association of Industry, Saud Mahmood, SVP SAI, Muhammad Kamran Arbi, VP, Chairman of Labour Sub-Committee Abdul Kadir Bilwani, Former president Jawed Bilwani, Former president Younus Bashir, Tariq Yousuf, Sikandar Imran, Anwer Aziz, Saleem Nagaria, Muhammad Riaz Dhedhi, Azeem M. Afzal Motiwala, Touseef Ahmed, Farhan Ashrafi, Hussain Moosani, Junaid-ur-Rehman, Haris Shakoor, Shahid Ghazanfar and others were also present in the meeting.
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EOBI pension increases to Rs8,500; pensioners to get arrears
ISLAMABAD: The federal cabinet has approved increase in pension of Employees Old-Age Benefits Institution (EOBI) to Rs8,500 from Rs6,500.
According to a tweet by EOBI on Wednesday, the federal cabinet approved an increase in EOBI pensions from Rs 6500 to Rs8500 effective from January 01, 2020.
EOBI will restore the increase in pension + arrears for the month of April, June and July 2020. Pensioners can draw this increase along with the arrears from 1st August 2020, it added.
The increase in pension was announced in December 2019 by Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari.
He said that after increase in the EOBI pensioners would receive Rs 8,500 per month from January 01, 2020.
He said the ministry would move the summary regarding the increase at the next meeting of federal cabinet for a final approval.
The SAPM said the PTI government, in its efforts to give more relief to the pensioners, had twice increased their annuity in just one and half year’s tenure.
He said the government had already enhanced the minimum pension of the EOBI’s insured person from Rs 5,250 to Rs 6,500 during 2018.
The EOBI pension has been enhanced by 62 per cent since the Pakistan Tehreek-e-Insaf government came into power.
“We are intending to raise this amount up to Rs 15,000 by the end of our tenure (2023),” Zulfikar Bukhari said.