Federal Ministers visit Employees Old-Age Benefits Institution in Islamabad
Islamabad: Federal Minister for Labour Ch. Wajahat Hussain and Minister of State for Labour Sh. Waqas Akram visited Employees Old-Age Benefits Institution (EOBI) office Islamabad today on 28-05-2011. Chairman EOBI Mr. Zafar Iqbal Gondal briefed the Ministers on the objectives and performance of EOBI. He informed that during the tenure of the present Government EOBI benefits package for its registered employees has been improved and currently it is paying Rs. 830 million every month to over 300,000 pensioners. Chairman also briefed the ministers on the EOBI Investments and its future projects, including IT solution, and Human Resource of EOBI.
The Chairman said that EOB Contribution collection was raised from Rs. 5 billion in 2008 to Rs 7.6 billion till May 2011 and the Institution will collect Rs. 10b by the close of the current financial year.
The Ministers appreciated working of EOBI and advised the officers to put the best of their efforts to serve the working community and pensioners to whom the EOB Fund belongs.
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