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  • EOBI pension increased by 30 percent from January 01

    EOBI pension increased by 30 percent from January 01

    ISLAMABAD: The government has decided to increase pension amount by 30 percent from January 01, 2019, special assistant to prime minister said on Thursday.

    “New year is heralding big news for the pensioners of Employees’ Old-Age Benefits Institution (EOBI) as the government has decided to raise their annuity by 30 per cent from January 1,2020,” Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari said while addressing Ciniplex and Commercial Complex’ inaguration ceremony on Thursday.

    He said that after increase in the EOBI pensioners would receive Rs 8,500 per month from January, 1 next year.

    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.

  • EOBI pension to increase Rs15,000 per month

    EOBI pension to increase Rs15,000 per month

    KARACHI: The government is aiming to increase the pension amount to Rs15,000 per month from existing Rs6,500 in order to provide relief to elder pensioners and their survivors, a statement said on Sunday.

    Addressing at the first ever Annual Pension Day organized by Employees Old-Age Benefits Institution (EOBI) has organized, Syed Zulfiqar Abbas Bukhari, Special Assistant to Prime Minister for Ministry of Overseas Pakistanis and Human Resource Development, as the chief guest of the ceremony said that currently, the minimum EOBI Pension is Rs6,500 per month but “I am determined to increase the amount to Rs. 15,000 pm, during the term of our government so that the elder pensioners and their survivors would get a little breather.”

    Bukhari said that in September 2018, he had announced 23 percent increase in Pension due to which the Pension was increased to Rs 6,500.

    “However, still it is a nominal amount and needs to be increased. We will make the EOBI a viable and profitable Institution and protect the rights of pensioners,” he said.

    Bukhari further said that more than Rs20 billion have been collected as EOBI Contribution from registered Employers across the country and disbursed 33 billion among the Pensioners.

    “It is not possible to deny the importance of Social Protection for the elderly, disabled employees and widows of the mother land,” he added.

    Earlier, Secretary OP&HRD Engr. Aamir Hassan has welcomed the Chief Guest and briefed the objective of celebration of 1st Annual Pension Day by EOBI.

    On this occasion, Chairman EOBI, Azhar Hameed also expressed his views and highlighted the EOBI services and performance towards registered Employers, Insured persons and Pensioners.

    He said that we are transforming EOBI into a state-of-the-art Institution. We have already started some important projects to achieve our goals.

    One of them is EOBI Transformation Initiative (ETI). Our vision for the future is on being the “Best Technology Driven Service-Oriented Institution” in the country to enable Pension disbursement on timely, prompt and Service basis with the utmost convenience for the contributors. We have also focused on social media and created our twitter handle @EOBIPakistan.

    EOBI Board of Trustees member from KPK Dr. Muhammad Yousuf Sarwar (Employer’s representative) & Muhammad Iqbal (Employees’ representative) also addressed the ceremony.

    Meanwhile, EOBI has selected 132 top and prominent Employers/Companies throughout Pakistan sector-wise i.e. Textile, Sugar, Cement, Coal Mining, IT, Security Companies, Education, Banking, Micro Finance Banking, Insurance, Pharmaceutical, Hospitals, Automobile, Engineering, Human Resource, Beverages, Hotel Industry, Food, Courier Services, Telecommunication, Tobacco, Construction, Media and Power Sector on the basis of highest paid EOBI Contribution on current rate for their employees.

    The chief guest awarded Gold Medals, shields and Appreciation certificates among the following top and prominent Employers/Companies of the country, which included:

    1. PTCL, Islamabad (Total contribution paid Rs. 1,936,432,580, Total pensioners 1,303 and Total pensioner disbursed Rs. 216,822,225)

    2. K-Electric, Karachi (Total contribution paid Rs. 1,343,087,088, Total pensioners 9,546 and Total pensioner disbursed Rs. 3,057,430,302)

    3. HRSG Outsourcing Pvt. Ltd., Karachi (Total contribution paid Rs. 1,282,679,010, Total pensioners 247 and Total pensioner disbursed Rs. 50,942,812)

    4. Oil & Gas Development Company Ltd., Islamabad (Total contribution paid Rs. 1,020,352,522, Total pensioners 4,147 and Total pensioner disbursed Rs. 1,096,759,647)

    5. Sui Northern Gas Pipeline Ltd., Lahore (Total contribution paid Rs. 874,902,306, Total pensioners 3,698 and Total pensioner disbursed Rs. 1,190,798,741)

    6. The Aga Khan Hospital Medical College Foundation, Karachi (Total contribution paid Rs. 851,357,226, Total pensioners 813 and Total pensioner disbursed Rs. 223,709,796)

    7. Utility Stores Corp Ltd., Islamabad (Total contribution paid Rs. 742,159,088, Total pensioners 1,048 and Total pensioner disbursed Rs. 293,062,537)

    8. The Citizen Foundation, Karachi (Total contribution paid Rs. 726,093,214, Total pensioners 313 and Total pensioner disbursed Rs. 58,324,928)

    9. Interloop Ltd., Faisalabad (Total contribution paid Rs. 698,254,092, Total pensioners 213 and Total pensioner disbursed Rs. 51,143,537)

    10. Educational Services Pvt. Ltd. Lahore¬ (Total contribution paid Rs. 662,192,355, Total pensioners 916 and Total pensioner disbursed Rs. 295,556,050)

    The following prominent Employers/ Companies were also honored with Shields and Appreciation certificates for their valuable EOBI Contribution towards their employee’s welfare.

    • Islamabad Hotel,
    • Abbott Laboratories Pakistan Limited,
    • Adamjee Insurance Company Limited,
    • The Aga Khan Hospital Medical College Foundation,
    • Airport Hotel (The Inn),
    • Al-Abbas Sugar Mills Limited,
    • Al-Karam Textile Mills Pvt. Ltd.,
    • ANC Foods, Ashraf, Sugar Mills,
    • Askari Cement Ltd.,
    • Askari Guards (Pvt.) Ltd.,
    • Attock Refinery Limited,
    • B.L. Harbert International Pvt. Ltd.,
    • Bahria Town Pvt. Ltd.,
    • Bata Pakistan Ltd.,
    • Bosch Pharmaceutical Pvt. Ltd.,
    • Byco Petroleum Pakistan Limited,
    • Chenab Management Liaison,
    • The Citizen Foundation,
    • The City Schools Pvt. Ltd.,
    • Coca Cola Beverages Pakistan Ltd.,
    • Credit Commerce Consultants Pvt. Ltd.,
    • D.G. Khan Cement Co. Ltd.,
    • Daily Business Recorder,
    • Daily Jang Rawalpindi,
    • Design Engg. Services Construction Ltd.,
    • Dr. Ziauddin Hospital.,
    • E F U General Insurance Ltd.,
    • Educational Excellence Ltd.,
    • Educational Services (Pvt.) Ltd.,
    • Educational Services (Pvt.) Ltd. (Regional Office),
    • EFU Life Assurance Ltd.,
    • ENI Pakistan Limited,
    • Express Publications Pvt. Ltd.,
    • Fauji Cement Company Limited,
    • Fauji Security Services,
    • Finca Microfinance Bank Ltd.,
    • Fouji Foundation Hospital,
    • Gul Ahmed Textile Mills Ltd.,
    • Hafiz Tannery, Hamza Sugar Mills Ltd.,
    • Hascol Petrolum Limited,
    • Heavy Mechanical Complex Limited,
    • Hillcrest Solutions Pvt. Ltd.,
    • Hinopak Motors Ltd.,
    • HRSG Outsourcing Private Ltd.,
    • Hub Pak Salt Refinery,
    • i2c Pakistan,
    • Independent Media Corporation (Pvt.) Ltd. (Geo),
    • Information Technology Services, Interloop Limited,
    • Islamabad Marriott Hotel,
    • Izhar Construction Ltd.,
    • Jaag Broadcasting Systems (Pvt.) Ltd.,
    • JDW Sugar Mills Limited,
    • Jubilee Life Insurance Company Limited,
    • K- Electric,
    • Karachi Shipyard & Engineering Works Ltd.,
    • Katha Collieries Pak. Ltd.,
    • Khyber-Pakhtunkhwa Oil & Gas Company,
    • Khyber Tobacco Company Limited,
    • Lahore Grammar School,
    • Leather Field (Pvt.) Limited,
    • Leopard Courier Service,
    • Lucky Cement Limited,
    • M A Food Industries Pvt. Ltd.,
    • M Fazal Haq & Co. Ltd.,
    • H. Sadar Ali Akhtar Ali Pvt., Ltd.,
    • Super Coal Mines,
    • Maple Leaf Cement Factory Ltd.,
    • Masood Textile Mills Ltd.,
    • MCC Resources Development Co (Pvt.) Ltd.,
    • Meezan Bank Limited,
    • Memon Motor Private Limited,
    • Mezan Beverages Pvt.,
    • Limited, Muller &Phipps Pakistan Ltd.,
    • Mushtaq Ali Khan Contractor,
    • Muslim Contractor Company (Pvt.) Ltd.,
    • National Communication Services,
    • National Engineering Services Pvt. Ltd.,
    • National Insurance Corporation Ltd.,
    • National Radio Telecommunication Corp.,
    • National Refinery Ltd.,
    • Nextbridge Private Ltd.,
    • Nishat Mills Ltd.,
    • NRSP Microfinance Bank Limited,
    • Oil & Gas Development Company Ltd.,
    • Orient Petroleum Pty Limited,
    • Pak Arab Refinery Ltd.,
    • Pak Elektron Ltd.,
    • Pak Suzuki Motor Company Limited,
    • Pakistan Herald Publications Ltd.,
    • Pakistan Mineral Development Corp,
    • Pakistan Petroleum Limited,
    • Pakistan Refinery Ltd.,
    • Pakistan State Oil Company Limited,
    • Pakistan Telecommunication Co Ltd.,
    • Pakistan Television Corporation Limited,
    • Pakistan Tobacco Company Limited Karachi,
    • Pearl Continental Hotel,
    • Philip Morris (Pakistan) Ltd.,
    • Phoenix Armour Pvt.,
    • Limited, Phoenix Security Service Pvt. Ltd.,
    • People’s Primary Healthcare Initiative (PPHI Sindh),
    • Professional Employers Private Limited,
    • Punjab Beverages Co. (Pvt.,) Ltd.,
    • Quality Contracto,
    • Ravi Auto Sundar Pvt. Ltd.,
    • S S Foot Marks Pvt.,
    • Limited, Sami Pharmaceuticals Ltd.,
    • Searle (Pakistan) Limited,
    • Serena Hotel,
    • Shaukat Khanum Memorial Cancer Hospital,
    • Shell Pakistan Ltd.,
    • Skills Hub Private Limited,
    • Souvenir Tobacco Company Limited,
    • Style Textile (Pvt.) Ltd.,
    • Sui Northern Gas Pipelines Ltd.,
    • Systems Limited,
    • TCS Courier Co.,
    • Tameer Micro Finance Bank Limited,
    • Tandlianwala Sugar Mills Ltd.,
    • Tech Access Pakistan Pvt. Ltd.,
    • The Aga Khan Shia Ismailia Education Society,
    • The Indus Hospital,
    • The News International Lahore,
    • Total Parco Marketing Limited,
    • Microfinance Bank Limited,
    • United Energy Pakistan Limited,
    • United Refrigeration Industries Ltd.,
    • Utility Stores Corp Ltd.,
    • ZIMS Security Pvt. Ltd.

    The Chief Guest Zulfiqar Abbas Bukhari also awarded EOBI Pension Books & souvenirs to the following EOBI Pensioners.

    • Ch. Ameer Khan (PTCL),
    • Tanveer Kaukab (Islamabad Serena Hotel),
    • Saleem Raza Shah (Hotel Holiday Inn),
    • Mst. Nomita Ali Tarar (Pensioner’s widow),
    • Khursheed Begum Arain (Pensioner’s widow),
    • Shahid Hameed (PTC),
    • Maqbool-ur-Rehman Khan (SNGPL),
    • Abdul Rasheed (OPF Girls College),
    • Mst. Ghulam Kubra (OGDCL),
    • Javed Masih (Total Service Centre).

    Th 1st Annual Pension Day program was organized by Aqeel Ahmad Siddiqui, Director General (Operations) EOBI and his team comprising Sr. officials of Sindh & Baluchistan, Punjab & Islamabad, KPK & Gilgit Baltistan’s Benefits & Contribution Departments and 39 Regional Offices throughout Pakistan.

  • 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.

  • Rise in rate by 20pc benefits 388,684 pensioners

    Rise in rate by 20pc benefits 388,684 pensioners

    KARACHI: The recent increase of 20 percent is benefiting about 388,684 pensioners of Employees Old-Age Benefit Institution (EOBI), said a statement on Monday.

    The present government has honored its commitment of EOBI pension. Therefore, EOB Pension rate is now increased by 20 percent effective from September, 2018.

    The total increase of Rs5 billion is shared by EOBI and the government which has paid its share of Rs2.4 billion to EOBI.
    A total of 388,684 pensioners are benefited from this increase. The minimum pension now stands at Rs6,500/- whereas maximum pension is now Rs13,416 per month.

    In order to keep the institution financially viable and to sustain the increase in EOBI pension rates the EOBI has requested to Employers Community to fulfill their legal and moral obligations for the coverage of their employees to pay EOBI contribution under current minimum wage of Rs.15,000/- i.e. an employer share of Rs.750/- per employee per month and an employee share of Rs.150/- per month.

    The higher wages would result in higher Pension for registered employees.

    As part of its responsibility in ease of Doing Business sprint-IV, EOBI with the co-operation of Board of Investment (BoI), Statement Bank of Pakistan and SECP has taken the initiative of On-line payment facility for its Contributors. Regd. Employers can generate payment vouchers and pay EOB Contribution by using internet banking from their offices without visiting bank branches.

    For the facilitation of EOBI pensioners, EOBI has introduced Pension payments through ATMs since October 2016, Pensioners can draw their Pensions from any ATM without incurring “switch fee”. To ensure genuine payments, Pensioners are required to provide bi-annual proof of life through biometric verification.

    EOBI is a pioneer Institution of the country which provides Pension through ATM Card.

  • Cabinet approves 20pc increase for EOBI pensioners

    Cabinet approves 20pc increase for EOBI pensioners

    In a significant move, the federal cabinet has approved a landmark 20% increase in pensions for over 450,000 pensioners of the Employees Old-Age Benefits Institution (EOBI).

    (more…)