In 2020, the Employees’ Old-Age Benefits Institution (EOBI) pension was increased from 6,500 to 8,500; however, the government had promised in 2019 to increase EOBI pension to Rs15,000. These pensions are for those who have spent years contributing to and improving the country’s economy. Despite their efforts, when they retire, they face financial difficulties as funds in the EOBI are raised through employer and employee contributions. The government no longer provides matching grants to these funds – as it did till 1995.
The incumbent government should minimise the suffering of these elderly people and ensure that they are paid reasonable pensions. It should issue orders for the increase of EOBI pension to Rs15000 and consider continuing contributions to the funds.
Muhammad Akhtar
Islamabad
One of the perks of being a government employee in Pakistan is the provision of official vehicles, especially for...
Automation and robotics are now major factors, transforming economies, industries, and daily life while promoting...
On Sunday , the power supply to blocks 12, 13, 16, 17, 18, 19 and 20 of Federal B Area, Karachi, went off at 7am and...
During the summer, when demand for power is usually on the higher side, K-Electric was charging increased rates...
The right of women to inheritance plays a significant role in their socioeconomic empowerment. However, in Pakistan,...
The country’s current political and economic conditions are a cause for concern, and it is time for our leaders to...
