Spot gold was slightly down at $2,335.13 per gram on Monday
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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 .
Addressing the Cineplex and Commercial Complex inauguration ceremony on Thursday, Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari said after the increase, the EOBI pensioners would receive Rs8,500 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 Rs5,250 to Rs6,500 during 2018.
The EOBI pension has been enhanced by 62 per cent since the Pakistan Tehreek-e-Insaf (PTI) 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 ?????? ?? ???????? ???? ???? ????? ??? ?? ???? ?? ????? EOBI ???? ??? 62 ???? ????? EOBI pensions have been increased by 62% from PKR 5250/- to PKR 8500/-, to be taken to PKR 15,000 during government's tenure. Due to revival of 4 BIG commercial projects that were previously frozen for years & record collections, EOBI pensions have been increased from 1st Jan 2020 as announced by SAPM Zulfikar Bukhari during a ceremony in Islamabad.View this post on Instagram
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