EOBI Latest News Today 2024

Today, I will be distinguishing between EOBI pension funds and provident funds. Understanding the differences between these two financial products is crucial for retirees and employees planning their financial futures. Both EOBI pension funds and provident funds play significant roles in providing financial security post-retirement, but they operate under distinct mechanisms and offer different benefits. … Read more

In Pakistan, the Employee’s Old-Age Benefits Institution (EOBI) plays an integral function in providing financial security to retired private workers. A key requirement for obtaining the EOBI pension payment is the submission of a pay slip.  This document serves as a necessary element of evidence that confirms an individual’s employment history and salary details, ensuring … Read more

The Government of Pakistan has officially appointed Dr. Arshad Mehmood as the new Chairman of the Employees’ Old-Age Benefits Institution (EOBI). This strategic decision comes at a critical time, reflecting the government’s commitment to enhancing the lives of retirees across the nation. Dr. Mehmood, a distinguished member of the Pakistan Administrative Service (PAS), brings with … Read more

It’s concerning news that the special court of the Federal Investigation Authority (FIA) in Islamabad has dropped corruption charges against Mr. Zaffar Iqbal Gondal, the former chairman of EOBI (Employees’ Old-Age Benefits Institution). This development stems from a scandal initially brought to light by a private news channel, alleging a staggering Rs. 40 billion corruption … Read more

If you are receiving the EOBI pensions from Bank Al Falah then you need to know that it is going to end soon. The government of Pakistan has decided to discontinue the distribution of EOBI pensions through the Bank Al Falah in August 2024. The purpose of this disconnection is not disclosed and the officials … Read more

The current amount of EOBI pension is Rs. 10000 minimum. However, this amount was increased in July 2023 by the government of Pakistan. But it was just a Rs. 1500 increase in the pension as the previous pension payment was Rs. 8500 per month. Now millions of pensioners are eagerly waiting for the increase in … Read more

When an employee applies for the EOBI pension program, he/she has to pass the biometric verification once every 6 months. This verification is very necessary and it can not be avoided in any case. If you want to get your pension payment continuous then you need to pass this biometric verification regularly. In this article, … Read more

The Employees’ Old-Age Benefits Institution (EOBI) in Pakistan provides medical insurance to registered employees. However, the medical allowance currently given to old-age pensioners is insufficient to meet their needs. As the inflation rate soars in 2024, many pensioners find it increasingly difficult to afford basic healthcare. Prices of Medicine Have Increased in 2024 The cost … Read more

After a long time of requesting and appealing, finally, the government of Pakistan is considering increasing the EOBI pension amounts. We will see a change in pension amounts in July 2023. The new pension amount will be Rs. 10,000 whereas the current amount is Rs. 8500.  Dr. Javed Shaikh who is the Deputy Director General … Read more

Sajid Hussain Toori who is the  Federal Minister for Overseas Pakistanis has announced the EOBI pension increase for workers in Pakistan. He also added that we are going to offer a university where children of EOBI workers can get free and quality education. During the Labor day event that was held by the Pakistan Workers … Read more