{"id":747,"date":"2023-06-04T15:28:29","date_gmt":"2023-06-04T15:28:29","guid":{"rendered":"https:\/\/nayaujala.com\/english\/?p=747"},"modified":"2023-06-04T15:28:29","modified_gmt":"2023-06-04T15:28:29","slug":"increase-the-pension-from-the-employees-old-age-benefit","status":"publish","type":"post","link":"https:\/\/nayaujala.com\/english\/increase-the-pension-from-the-employees-old-age-benefit\/","title":{"rendered":"EOBI pension may rise to Rs10,000"},"content":{"rendered":"

The government is expected to increase the pension from the Employees Old-Age Benefit Institution (EOBI) from the current Rs8,500 to Rs10,000 per month in the next fiscal year\u2019s federal budget.<\/h3>\n

Sources told Media that given the ongoing economic situation and financial constraints, the amount of pension could not be increased any further. At present, the EOBI gives R4 billion among its 430,000 registered pensioners.<\/p>\n

READ THIS: Political\u00a0dejection linked to economic despair: survey<\/a><\/p>\n

EOBI Deputy Director General Dr Javed Shaikh said that for the current financial year, the EOBI was given a target of Rs33.5 billion contribution. However, its contribution had topped Rs36 billion in May, while another Rs4 billion was expected in June.<\/p>\n

\u201cIn this way, by the end of the current fiscal [June 30, 2023], the volume of receipts in the form of EOBI contribution will increase by 30% more than the set target, Dr Shaikh told Media.<\/p>\n

Read:Pakistan has already completed all conditions of IMF,; Ishaq Dar<\/a><\/p>\n

According to the EOBI Official, 90% of the pension cases of the institution had been settled and pension payments worth more than Rs4 billion are being made to 430,000 registered pensioners. \u201cThis institution is paying a total of Rs52 billion annually.\u201d<\/p>\n

READ THIS:Oil prices rise on outlook for higher gasoline demand, tighter supply<\/a><\/p>\n

The institution has issues cards to all the registered pensioners. Through the EOBI card the pensioners can easily withdraw their pension amount from ATM machine and other easy money facility in any city or area in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is expected to increase the pension from the Employees Old-Age Benefit Institution (EOBI) from the current Rs8,500 to Rs10,000 per month in the next fiscal year\u2019s federal budget. Sources told Media that given the ongoing economic situation and financial constraints, the amount of pension could not be increased any further. At present, the […]<\/p>\n","protected":false},"author":3,"featured_media":748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[295,293,31,294],"class_list":["post-747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest","tag-eobi","tag-increase-employees-old-age-benefit","tag-pakistan","tag-pension"],"yoast_head":"\nEOBI pension may rise to Rs10,000 - NayaUjala<\/title>\n<meta name=\"description\" content=\"The government is expected to increase the pension from the Employees Old-Age Benefit Institution as Rs10,000 per month\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nayaujala.com\/english\/increase-the-pension-from-the-employees-old-age-benefit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EOBI pension may rise to Rs10,000 - 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