Pakistan’s ‘Billion Tree Tsunami’ takes hold

EOBI pensions growth sixty two% for the duration of PTI tenure.

The year 2020 is bringing some good news for pensioners. The government has decided to increase the Employees Old-Age Benefits Institution pension from Rs6,500 to Rs8,500 from January 1.  

Our government has increased the EOBI pension by 62% from Rs5,250 to Rs8,500 within a year,” Prime Minister Imran Khan tweeted. “This helps us provide pensioners security in their post-retirement years.”

Imran Khan

✔@ImranKhanPTI

Our govt has increased the EOBI old-age pension by 62% from Rs.5250 to Rs.8500 within a year.This helps us provide pensioners' security in their post-retirement yrs. Much of this contribution comes from improving the Institution itself. Another step towards Madina Ki Riyasat

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6:20 PM - Dec 12, 2019

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He credited the move to the development of the EOBI group and called this “any other step toward the State of Madina”. PM Khan has often regarded the arena’s first welfare nation as a model for his government.

Special Assistant to the Prime Minister on Information Dr Firdous Ashiq Awan also took to Twitter to announce the news.

The growth from Rs6,500 to Rs8,500 within the EOBI pensions is  evidence of Prime Minister Imran Khan’s efforts for the bad, she tweeted. She called this a step closer to turning into a welfare kingdom.

Firdous Ashiq Awan@Dr_FirdousPTI

ای او بی آئی پینشنرز کی پینشن میں 6500روپے سے 8500روپے کا اضافہ وزیر اعظم عمران خان کے غریبوں اور پسے ہوئے طبقات کیلئے احساس کا مظہر ہے۔ یہ ریاست مدینہ کی طرز پر فلاحی ریاست کے قیام کی جانب ایک عملی اقدام ہے ۔

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“Protection and welfare of the poor segments of society are the goals of PM Khan,” she added.

There became, however, a distinction in the exchange of pensions inside the statements made through PM Khan and Dr Awan.

The EOBI pensions have increased for the second time given that PTI assumed power in August 2018. The first growth got here into impact on January 1, 2019, in which the pensions multiplied from Rs5,520 to Rs6,500. The second boom from Rs6,500 to Rs8,500 has been announced however will come in impact from 2020.

This proves that the overall increase in pensions ever for the reason that PTI got here to power is sixty two%, whereas the increase for the year 2019-2020 is 30%.

“…2nd leap within first 12 months of ministry,” tweeted Special Assistant to the Prime Minister for Overseas Pakistani and Human Resource Development Sayed Zulfikar Bukhari. This time we‘ve now not confused the federal authorities however have managed it via growing our very own sales, he stated.

Sayed Z Bukhari

✔@sayedzbukhari

I couldnt be more thankful for guidance from PM @ImranKhanPTI. Today as promised #EOBI pension has been inc by 62%-2nd jump within 1yr of ministry.This time we‘ve not burdened Fed Gov but have managed it by increasing our own revenue.Mubarak to pensioners #MadinaKiRiyasat #Ehsaas https://twitter.com/imrankhanpti/status/1205115207888052226 …

Imran Khan

✔@ImranKhanPTI

Our govt has increased the EOBI old-age pension by 62% from Rs.5250 to Rs.8500 within a year.This helps us provide pensioners' security in their post-retirement yrs. Much of this contribution comes from improving the Institution itself. Another step towards Madina Ki Riyasat

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Addressing an inauguration rite on Thursday, Bukhari stated, “We are intending to raise this amount to Rs15,000 by way of the stop of our tenure (2023).”

What is the EOBI?

The EOBI changed into fashioned in 1976 under the Employee Old-Age Beneficts Act, 1976 to provide obligatory social coverage in most cases to retired people. The Act targets to satisfy the goal of Article 38 (C) (growing a socialised state) of the Constitution.

The organisation is self-funded. A contribution equal to 5% of the minimum wage rate needs to be paid by employers of all business and commercial businesses in which the EOB Act is applicable. While a contribution identical to at least one% of minimal wages has to be paid with the aid of the personnel of stated establishments.

It guarantees pensions that offer for old-age, human beings’s heirs, and disabilities.