Islamabad:
Federal Minister of Overseas Pakistanis Chaudhry Salik Hussain has announced that around 500,000 pensioners from the employees’ old age benefit institution (EOBI) will receive their improved pensions along with arrears from September 1.
According to this payout, EOBI releases almost RS10 billion in monthly pension payments.
The federal cabinet has already approved the pension increase and raises the minimum pension from RS10,000 to RS11,500 per year. Month. In addition, formula -based pensions are increased by 15 percent, with effect from 1 January.
