February 16, 2012

PAKISTAN: Rs.892 million distributed to retired employees

KARACHI / The Express Tribune / Business / February 16, 2012

The Employee’s Old-Age Benefits Institution (EOBI) disbursed Rs892 million during January 2012, according to Javed Iqbal,  Director General (Operations) South.

In his remarks on Wednesday, he said that the EOBI is an organization attuned to the welfare of labour in Pakistan. The EOBI collected Rs868 million in contributions from registered employers and employees during the same month and registered 503 new employers, 22,776 employees.
It approved 1981 new pension claims, which included: 1,095 old age, 36 invalidity, 687 survivor and 163 old age grants claims. 83,162 employers and 4,865,298 insured persons have been registered since its inception, and it has 424,930 beneficiaries.

© 2012 The Express Tribune News Network.
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