ISLAMABAD – A sigh of relief for retired personnel as Prime Minister Shehbaz Sharif announced 15pc increase in EOBI pensions to benefit thousands of elderly citizens struggling with inflation and rising living costs.
The announcement came during federal cabinet meeting, where PM Shehbaz Sharif addressed urgent national issues ranging from economic revival and pensions related issues.
Sharif struck an optimistic tone, citing improving macroeconomic indicators and vowing strict accountability in governance. He further warned that ministries would now face performance reviews every two months, those who deliver will be rewarded, and those who don’t will face consequences!
Applauding efforts of Planning Minister Ahsan Iqbal, PM Sharif proudly shared that development spending under PSDP crossed Rs1 trillion, a massive leap towards economic development and infrastructure growth.
Earlier, Textile Workers Federation and Trade Unions Federation pushed federal government for not including raise in pensions for retired industrial workers under the Employees’ Old-Age Benefits Institution (EOBI) in the 2024 budget.
Members of these federations said industrial workers contribute portion of their monthly salaries to EOBI but were left without any relief.
New Punjab Law pays citizens to report Bribes, Tax Fraud; full details here
