Through this page, you can get complete information about the EOBI Pension Increase Notification 2025. In a major attempt to benefit retirees, the Employees Old Age Benefits Institution (EOBI) has decided to hike the minimum pension by a major amount in favor of thousands of pensioners across the country. The minimum pension, which was Rs. 10,000, will be raised to Rs. 11,500 effective from January 1, 2025, and pensions over Rs. 10,000 will enjoy a 15% raise.
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The decision was made at a high-level meeting presided over by Federal Minister for Overseas Pakistanis, Salik Hussain, as officials examined the performance of EOBI for FY 2024-25. The organization generated an impressive 40% higher revenue, Rs. 116 billion, in comparison to last year, a true reflection of its enhanced financial handling and increased contribution.
Increasing Pension Coverage for Additional Workers:
Aside from the increase in pension, the government has greenlit plans to extend coverage of EOBI to sectors which were once not covered, namely:
- Farmworkers
- Housemaids
- Finance employees
- Law professionals
The proposal to add firms employing less than 10 staff to the pension list is also underway by EOBI to enable even more employees, especially in smaller companies, to be able to avail themselves of pension programs. The expansion aligns with the government’s ultimate aim to deepen social security and mitigate economic insecurity among seniors.
Punjab Wheat Support WSP Program 2025
You can also get information about the Punjab Wheat Support Program 2025 above.
Labor Day:
The official announcement of the pension hike is likely to fall on Labor Day on May 1, 2025, reflecting the government’s pledge to the welfare of workers. The decision has been made at a time when living expenses are on the rise and is intended to bring relief to inflation-hit pensioners.
A Step Toward Inclusive Social Security:
The increase in EOBI pension and coverage represents a welcome change in Pakistan’s social welfare strategy. The government aims to draw more employees into the pension net, thus establishing a better safety net for pensioners, especially in underprivileged communities.
Pensioners have also embraced the move, terming it a “long-overdue relief” that will ease them through mounting costs. Economists have also commended the action, stating that increased pension benefits lead to economic stability through rising disposable income among elderly citizens.
As EOBI continues to advance its services, the emphasis lies on transparency, efficiency, and greater accessibility so that all workers, irrespective of the sector they work in, can retire with dignity and financial stability.
This move highlights Pakistan’s continued attempts to place social welfare at the forefront, establishing a good example for future reforms in workers’ benefits.
