Good news for EOBI pensioners as govt increases annuity by 30 pc

Special Assistant to Prime Minister on Overseas Pakistanis and HRD (OPHRD), Syed Zulfikar Bukhari on Thursday announced 30% increase in EOBI pensioners’ annuity which will be effective from 1st January 2020.

This was announced at an inauguration ceremony of revival of mega project of EOBI “Commercial & Corporate Complex” at Islamabad.

Addressing to the ‘Ciniplex and Commercial Complex’ inauguration ceremony, Zulfi Bukhari said that after increase, EOBI pensioners would receive Rs 8,500 per month from January 1st, 2020.

He said the ministry would move the summary regarding the increase at the next meeting of federal cabinet for the final approval.

Bukhari shared his vision to bring the EOBI pensions equivalent to the minimum wage rate of the country.

“We are intending to raise this amount up to Rs 15,000 by the end of our tenure (2023),” The SAPM also said that 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.

The government had already enhanced the minimum pension of the EOBI’s insured person from Rs-5,250 to Rs-6,500 during 2018 and the pension has already been enhanced by 62 percent since Pakistan Tehreek-e-Insaaf Government came into power.

The SAPM said the ministry had managed to invigorate four EOBI mega projects within first year of the PTI government, besides launching the construction work on two of them.