EOBI pensioners to get 30% increased annuity from 1st January: Zulfi.

ISLAMABAD -- 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 '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 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 (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. 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. 'Two projects including Overseas Employment Corporation (OEC) Tower and Cineplex and Commercial Complex will be leased out by February, 2020 to generate additional revenues for EOBI pensioners,' he added. At present, he said 18 projects worth billions of rupee were in litigation, adding these legal issues would be resolved soon. The SAPM said work on many EOBI projects were standstill when the PTI took the power. Zulfikar Bukhari said the revival of sick projects would enable the government to help...