EOBI Announces Minimum Pension Increase — Full Details Here

The Employees’ Old-Age Benefits Institution (EOBI) has announced the minimum pension increase from Rs10,000 to Rs11,500, according to official sources on Monday.

This decision was made during a meeting chaired by Federal Minister for Overseas Pakistanis, Salik Hussain. The minister was given an update on EOBI’s performance over the past three quarters.

During the briefing, it was revealed that EOBI generated Rs116 billion in income for the 2024–25 period, marking a 40% increase in revenue compared to previous figures.

As part of the changes, the minimum pension has been increased to Rs11,500, while pensions above Rs10,000 will see a 15% rise. These adjustments will take effect starting January 1, 2025.

An official announcement regarding the pension hike is expected to be made on May 1, coinciding with Labour Day celebrations.

Additionally, the briefing highlighted plans to extend EOBI coverage to businesses with fewer than 10 employees. It was also proposed to include the agricultural, domestic, financial, and legal sectors under the scope of the EOBI law.

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