The Ministry of Overseas Pakistanis and Human Resource Development has increased pension rates for Pakistani citizens, a move that will uplift the spirits of retirees across the country.
According to a circular issued by the Employees’ Old-Age Benefits Institution (EOBI) under the Ministry of Human Resource Development, the minimum pension rate has been increased from Rs. 8,500 to Rs. 10,000 every month, with effect from 1 July 2023.
Additionally, existing pensioners who were granted the formula pension by the end of June 2023 will see a 17% rise in their current rates from July onward.
To put this in perspective, if someone was earlier receiving a formula pension of Rs. 10,000, they would now receive an additional Rs. 1,700, taking their total monthly pension to Rs. 11,700.
However, the 17% increment will not be applicable to those who will be awarded the formula pension starting from July 2023 or after. These new recipients will receive the base amount as per the usual schedule.
It’s also essential to understand the specifics of pensioners receiving a reduced pension. The circular clarifies that if any pensioner is drawing a decreased amount due to their age being below the stipulated 60 years (or 55 in the case of women), they will be eligible for the revised minimum pension of Rs. 10,000.
However, this will be reduced by half a percent for each month by which their age falls short of the benchmark. For those drawing reduced formula pensions as of 30 June 2023, they will also benefit from the 17% increase.
This increase in pension is not given to the people still Not.The government increases it from June but in the September month the extra 17% is not added
True , is this news fake ?
I want for old motor bic my left knee in pain
I want help 30’000/only
I am from Punjab province of Pakistan and I never received increased pension this month. What’s the criteria because sindh pensioners are getting 10000 as their pension omount. Please clarify
No, I am living in Karachi, still receive pension as per old rate… I understand, with this announcement, EOBI will give arrears of last two months in Oct pension… This has happened when pension was raised during PTI time to current levels..
Pensioners in Sindh are still getting same amount i.e. Rs.8,500. They are also looking forward like you to get this increase to Rs.10,000.
Sind pensioners have not received increased pension amount of rupees 10000
No, I am living in Karachi, still receive pension as per old rate… I understand, with this announcement, EOBI will give arrears of last two months in Oct pension?
This amount very little as compared to inflation. With this pension a person cannot pay even electricity bills. EOBi should increase the collection amount and also atleast double the pension. In future inflation should be adjusted but nobody cares about private employees. Gov just collects heavy taxes from us.
You are right amir Bhai
Eobi it self increases salary of it’s own employee every year on private sectors collection.and never consider annual increase eobi pensioners.
This should have been wef from January, why July.
Every EOBI pensioner had requested to raise the pension to at least 25k, the minimum wages level.
In this age when the inflation is at its peak, what is the on ground value of 10K.
Needs to be pondered, and given a discreet attention!!!!
I am from Karachi I am still getting old pension of RS 8500 despite an nominal increase in July budget of Rs1500.bringing pension to RS 10000.Hope to get arrears with next pension.
I am still receiving 8500.Age is 70
I am from Karachi and still receiving Rs 8″500 as pension of July and August why ?
اabhe tak Brahe hoe pension nhe mile.
EOBI need funds from Employers who should pay as per latest minimum wage amount of Rs 32000 per month . Only then they can pay increased person. Due to lecgal issues currently Employers pay@ the very old minimum wage of Rs 8000 .
Assallam Allikum sir EOBI main rigester kise pata chali ga please bataye gi
Byghairat mehkma ko 4 sal bad 1500 ropy berhany per doob merna chahiyay. Is fund mein Govt ka aek paisa bhi shamil nhi. Ayyashian serkari Officer ker rhy hn.
Humy humari pension mil e nahi rahi june sy pension bad krdi hai sb kuch kiya but no response.. meri mother bewah hain or eisa kiya hai pension rok di hai itnaaa zulm kiya ja rha hai
Sad penson rate is to low not even enough to buy our medicanes please increase to 25000/