Total investment portfolio of Employees' Old-Age Benefits Institution (EOBI) as on January 31, 2017 stands at Rs 302.28 billion while investment income for the period from July 2016 to January 2017 is Rs 30.2 billion against the budgeted amount of Rs 19.5 billion.
According to documents exclusively available with Business Recorder, the unrealised gain on equity investments of the EOBI stands at Rs 17.48 billion against budgeted amount of Rs 6.1 billion for the period from July 2016 to January 2017. A total of fixed investment income of government securities and corporate (Commercial Bank Deposits) is Rs 11.5 billion against Rs 10.86 billion budgeted income.
According to details, there is a total of fixed investment income Rs 11 billion against Rs 10.5 billion budgeted income of Special Saving Certificate (Rs 4.7 actual income, Rs 4 billion budgeted income) and Pakistan Investment Bonds (Rs 6.33 billion actual, Rs 6.4 billion budgeted income). There is Rs 465 million investment income against Rs 358.75 million budgeted income of Commercial Bank Deposits/TDRs.
There is a total of Rs 18.52 billion equity investment income against Rs 8.32 billion budgeted income including Dividend Income on Shares (Rs 1.04 billion investment income, Rs 1.52 billion budgeted income) and Capital Gain on Shares of Quoted Companies (Rs 17.48 billion investment income, Rs 6.1 billion budgeted income). The real estate investment income is Rs 199.66 million against Rs 316.7 million budgeted income.
According to documents, the EOBI investment portfolio of fixed income (government securities) is Rs 194.5 billion (64.3 %), corporate, Rs 23 billion (7.6%), equity (strategic), Rs 16.9 billion (5.6%), equity (trading) Rs 13.5 billion (4.5 %) and real estate (property & projects), Rs 54.42 billion (18 %).
The documents further revealed that Rs 99.55 billion are investment in Special Saving Certificates at various dates from January 20 to August 2015, August 4, 2016 to January 2017 and these would be maturated on various months of 2018. In detail, the investment portfolio of Special Saving Certificates is Rs 99.55 billion, Pakistan Investment Bonds, Rs 80.65 billion, Corporate fixed income/bank deposits , Rs 23 billion, cost of properties, Rs 42.6 billion, and capital expenditure on property is Rs 11.8 billion, etc.
Meanwhile, National Assembly Standing Committee on Overseas Pakistanis and Human Resource Development met on Monday under the chairmanship of Aamer Ali Khan Magsi. The committee strongly recommended that the provincial government of Khyber Pakhtunkhawa should resolve the issues of governing board on priority basis; so that the salaries of the employees should be released timely.
The committee strongly recommended the Worker Welfare Board (WWB) Punjab to evaluate the performance of the M Tech Project Punjab in the light of rules and regulation given to them prior. The committee was also recommended that the issues between the federal government and Punjab government should be resolved for the betterment of socio-economic condition of the country and also for making the project long-lasting. The committee was informed that according to UN Recommendations on census, each individual and set of living quarters are enumerated separately.
The census should cover precisely defined territory. The population census should include every person present and/or residing within its scope. The committee was also informed that during the Census 2017, all persons living in the country on the census reference day, ie, 18th March will be counted and there socio-economic details will be recorded.
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