AGL 40.00 Decreased By ▼ -0.20 (-0.5%)
AIRLINK 129.00 Decreased By ▼ -0.11 (-0.09%)
BOP 6.56 Decreased By ▼ -0.04 (-0.61%)
CNERGY 4.14 Increased By ▲ 0.11 (2.73%)
DCL 8.88 Increased By ▲ 0.43 (5.09%)
DFML 42.29 Increased By ▲ 1.04 (2.52%)
DGKC 87.75 Increased By ▲ 0.75 (0.86%)
FCCL 33.50 Increased By ▲ 0.15 (0.45%)
FFBL 66.45 Increased By ▲ 0.55 (0.83%)
FFL 10.65 Increased By ▲ 0.11 (1.04%)
HUBC 112.80 Increased By ▲ 2.10 (1.9%)
HUMNL 15.83 Increased By ▲ 0.60 (3.94%)
KEL 4.81 Increased By ▲ 0.03 (0.63%)
KOSM 7.69 Decreased By ▼ -0.14 (-1.79%)
MLCF 42.60 Increased By ▲ 0.70 (1.67%)
NBP 61.15 Increased By ▲ 0.65 (1.07%)
OGDC 189.79 Increased By ▲ 6.99 (3.82%)
PAEL 25.95 Increased By ▲ 0.59 (2.33%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 148.83 Increased By ▲ 1.02 (0.69%)
PRL 25.20 Increased By ▲ 0.64 (2.61%)
PTC 16.31 Increased By ▲ 0.07 (0.43%)
SEARL 70.76 Increased By ▲ 0.26 (0.37%)
TELE 7.28 Decreased By ▼ -0.02 (-0.27%)
TOMCL 36.10 Decreased By ▼ -0.20 (-0.55%)
TPLP 8.08 Increased By ▲ 0.23 (2.93%)
TREET 16.18 Increased By ▲ 0.88 (5.75%)
TRG 51.60 Decreased By ▼ -0.10 (-0.19%)
UNITY 27.30 Decreased By ▼ -0.05 (-0.18%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,937 Increased By 95.4 (0.97%)
BR30 30,503 Increased By 466.7 (1.55%)
KSE100 93,264 Increased By 743.3 (0.8%)
KSE30 28,998 Increased By 211.5 (0.73%)
Pakistan

Govt to introduce EOBI pension scheme for Pakistani expats

The SAPM informed that the informal labor of the country would also be included in the plan. In order to
Published March 4, 2020
  • The SAPM informed that the informal labor of the country would also be included in the plan.

In order to facilitate Overseas Pakistanis, the government will be launching Employees' Old-Age Benefits Institution (EOBI) pension scheme for the expatriates, informed Special Assistant to the Prime Minister (SAPM) on Overseas Pakistanis Sayed Zulfikar Abbas Bukhari.

"It is the first time in the history of Pakistan that a government will be launching a pension scheme for Pakistani expats under the EOBI pension fund," Bukhari told the Standing Committee of National Assembly on Overseas Pakistanis and Human Resource Development.

The SAPM informed that the informal labor of the country would also be included in the plan.

"It will be a major breakthrough as we are moving towards the national pension fund which will cover domestic laborers, brick kiln workers, freelance journalists, and others," he maintained while highlighting the government's social security initiatives for the overseas Pakistanis and the country's workers.

Facilitating Overseas Pakistanis is one of the main agenda of Prime Minister Imran Khan government, the premier has previously said that the government is mulling various options in this regard, including the issuance of health cards to the families of overseas Pakistanis.

Overseas Pakistanis remitted $11.394 billion in the first half six months (July to December) of the current fiscal year, as per the data released by the State Bank of Pakistan (SBP). The remittances showed a growth of 3.31 percent as compared to $11.030bn received during the same period last fiscal showed the central bank Country-Wise Workers' Remittances data.

 

Comments

Comments are closed.