‘Government has increased basic pension from Rs.5250 to Rs. 6,500, will further increase to Rs.15000’

124000 companies across the country are currently contributing to the workers’ pension.

Special Assistant to the Prime Minister on Overseas Pakistanis and Human Resource Development Sayed Zulfikar Abbas Bukhari says that the government has increased the pension to Rs. 6,500. It previously was Rs. 5250. He added that the government is further trying to increase the amount to Rs. 15,000.

Bukhari said this while addressing at a ceremony on the event of the first annual pension day. He said that the incumbent government has already paid Rs.33 billion to labor with regards to pensions, and is committed to doing more for the working class.

“It is not possible to deny the importance of social protection for the elderly, disabled employees and widows of Pakistan” Bukhari added.

Bukhari said that the amount totaling to 20 billion rupees have already been collected by the employers across the country. He especially thanked and showed gratitude towards the industrialists who are protecting labor rights.

The government has increased the basic pension amount by 23%. Zulfi Bukhari said that all the private institutions are also requested to contribute in accordance with the minimum wage formula. People who are working in private organizations should also register themselves with EOBI to get pensions. 124000 companies across the country are currently contributing to the workers’ pension.

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  • This is good proposal from the department to increase pension to Rs.15000.All retired employees can benefited and after this increased will not see or depands on other source. My suggestion is that it should link with the minimum wage of employee so that it increase automatically with increase of minimum wage from governments.

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