Pension to be raised to Rs15,000

Drastic changes would be made in the next couple of months to discourage malpractices: Zulfi Bukhari

ISLAMABAD: The government is committed to increasing Employees’ Old-Age Benefits Institution (EOBI) pension amount to a minimum of Rs15,000 by 2023, stated Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development Zulfiqar Bukhari on Monday.

Talking to APP, he stressed that it was imperative to utilise EOBI funds rationally to handle the expenses which would be incurred in the next five years.

“My ministry is initiating different reforms to resolve devolution issues confronting the institution,” said Bukhari.  “It has also edged up efforts to save one of the biggest fund of the country from depletion.”

He revealed that some drastic changes would be made in the next couple of months to discourage malpractices in the department and to ensure transparency. “The mechanism of tax collection will also be overhauled by introducing e-governance and the new initiatives will help increase pension amount up to Rs15,000,” he remarked.  

Published in The Express Tribune, March 12^th, 2019.

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