Islamabad: Finance Secretary Arif Ahmed Khan told a three-bench Supreme Committee that funds of Employees Old Age Benefits Institution amounting to PKR 2.4 billion would be disbursed back to workers at a rate of PKR 5,250 per month. The committee was headed by Justice Sheikh Azmat Saeed. According to a news source, PKR 1.1 billion would be returned to this EOBI Fund, which had previously gone to the Climate Change Ministry for flood and earthquake relief activities.
On 15th March 2018, the court advised EOBI to return these funds, adding that there are 400,000 pensioners at the moment, with an additional 40,000 being added each year.
