Third-party review forms part of a broader reform programme to modernise EOBI, expand pension coverage and strengthen contribution recovery.
(more…)Tag: EOBI
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FBR grants Rs17 billion tax exemption to EOBI income
Karachi, September 11, 2025 – The Federal Board of Revenue (FBR) has provided significant relief to the Employees Old Age Benefits Institution (EOBI) by granting a tax exemption worth Rs17 billion on its income for the tax year 2024.
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EOBI pensioners to get higher payments from September 1
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.
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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.