Cabinet nod for 15pc hike in EOBI pensions

Published July 17, 2025
Prime Minister Shehbaz Sharif chairs the federal cabinet meeting on July 16. — Press Information Department (PID)
Prime Minister Shehbaz Sharif chairs the federal cabinet meeting on July 16. — Press Information Department (PID)

ISLAMABAD: The federal cabinet on Wednesday approved a 15 per cent increase in pensions disbursed by the Employees’ Old-Age Benefits Institution (EOBI) and granted a five-year extension of the exemption from import duties on anti-cancer, cardiac and other life-saving drugs.

Presiding over the cabinet meeting, Prime Mini­ster Shehbaz Sharif annou­nced that the performance of all federal ministries and divisions would be evaluated every two months.

According to the PM Office, the 15pc increase in EOBI pensions will be effective from Jan 1, 2025, on the recommendation of the Mini­s­try of Overseas Pakis­tanis and Human Resource Development. The increase will be financed from the institution’s own resources.

The prime minister direc­ted the formation of a cabinet committee to introduce institutional reforms in EOBI. The committee will also examine proposals to extend old-age benefits to workers in the informal labour sector, including domestic workers, agricultural laborers and other marginalised employment groups that have previously been excluded. These reforms aim to ensure that workers in neglected sectors receive their due rights.

Life-saving drugs

On the recommendation of the Ministry of National Health Services, the cabinet approved a five-year extension of the exemption from import duties on anti-cancer, cardiac and life-saving drugs used in hospitals and related healthcare institutions.

These medicines are considered essential for saving lives, and the exemption is aimed at ensuring their timely availability.

These drugs will only be available in hospitals and authorised institutions, with a ban on open market sales. Their import will require prior approval from the relevant licensing authority.

The cabinet also approved the initiation of necessary legal procedures related to the draft of the Sea Carriage Shipping Documents Bill, 2025, on the recommendation of the Ministry of Maritime Affairs.

Additionally, the federal cabinet endorsed the decisions taken during the meetings of the Cabinet Committee on Legislative Cases held on July 2 and 3, 2025.

Earlier, while addressing the cabinet, Prime Minister Shehbaz Sharif expressed satisfaction over the recent positive trends in macroeconomic indicators. He reiterated his government’s focus on performance and service delivery, stating that ministries’ performance would be reviewed every two months.

“This message I want to make loud and clear — it is all about delivery and service to the nation,” the prime minister said, adding that ministries performing well would be acknowledged and appreciated, while underperforming ones would be held accountable and asked to explain.

Published in Dawn, July 17th, 2025

Opinion

Editorial

Budget presser
14 Jun, 2026

Budget presser

OFFICIAL post-budget media briefings in Pakistan are carefully choreographed affairs, full of reassuring phrases ...
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...