EOBI pension raised to Rs8,500 in a step towards 'PM's vision of welfare state': Awan

Published December 12, 2019
The pension of Employees Old-Age Benefits Institution (EOBI) pensioners has been increased from Rs6,500 to Rs8,500. — File
The pension of Employees Old-Age Benefits Institution (EOBI) pensioners has been increased from Rs6,500 to Rs8,500. — File

The government has increased the Employees Old-Age Benefits Institution (EOBI) pension from Rs6,500 to Rs8,500, prime minister's aide Firdous Ashiq Awan announced on Thursday.

Taking to Twitter, she said the increase in the pension was a "manifestation of Prime Minister Imran Khan's concern for the poor and downtrodden segments".

"This is a practical step towards the establishment of a welfare state on the model of the state of Madina," the government's chief spokesperson added.

She said the dream for an Islamic welfare state will be realised when the state takes care of its indigent classes "like a mother".

"The prime minister is working towards the completion of this very mission," Awan added.

Last month, Special Assistant to the Prime Minister on Overseas Pakis­tanis and Human Resource Development Zulfiqar Bu­­kh­ari had vowed to increase the EOBI pension by two-and-a-half times within four years.

“Currently, per month Rs6,500 is being given to pensioners but I am determined to increase the amount to Rs15,000 during the term of the current government so that pensioners would get a little breather,” he had said while speaking to the participants of an EOBI event.

Earlier in January, the federal government had announced a 20 per cent increase in the pension rate for EOBI pensioners while the minimum amount of pension was set at Rs6,500 per month

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Some progress
Updated 27 Mar, 2025

Some progress

The hard-won macroeconomic stability is only a short distance away from a deeper crisis.
Time to talk
27 Mar, 2025

Time to talk

IN an encouraging development, the government has signalled openness to PPP chairman Bilawal Bhutto-Zardari’s ...
Black Sea truce
27 Mar, 2025

Black Sea truce

WHILE the Trump administration may have no problem with Israel renewing its rampage in Gaza, it is playing ...
Kabul visit
Updated 26 Mar, 2025

Kabul visit

Islamabad should continue to emphasise that presence of terrorists on Afghan soil stands in the way of normal commercial ties.
Drought warning
26 Mar, 2025

Drought warning

DRIVEN by rising temperatures linked to climate change, increasing drought events across Pakistan have affected tens...
Deadly roads
26 Mar, 2025

Deadly roads

DESPITE daytime restrictions on heavy vehicles, Karachi continues to witness one horrific traffic accident after...