Monday, the Senate Standing Committee on Overseas Pakistanis and Human Resource Development was informed that during the fiscal year 2022-23 (FY23), Employees Old Age Benefits Institution (EOBI) is projected to receive contribution revenue of Rs. 38 billion, compared to an approved target of Rs. 33 billion.
Senator Anwar ul Haq Kakar chaired the parliamentary committee meeting. Naheed Shah Durrani, chairman of the Employees Old Age Benefits Institution (EOBI), briefed the committee on the institution’s mission and operations.
Durrani explained that EOBI is a preeminent institution that offers social security to its citizens in order to improve their quality of life. She reported that EOBI has received 180 billion rupees in contributions over the past decade.
She added that EOBI is expected to contribute Rs. 38 billion to revenue in FY23. She stated that despite the significance of EOBI, the administrative structure and Board of EOBI have not been strengthened.
Senator Shahadat Awan questioned why the Board members have not been replaced since 2013. In response, the chairperson stated that both Punjab and Sindh have refused to accept EOBI as a federal subject since devolution, which is why its members have not been replaced.
Senator Awan questioned whether a challan had been filed against the accused while discussing the current status of 18 criminal cases.
As filing charges or challan is the responsibility of the Federal Investigation Agency (FIA), not the Economic and Organized Crimes Investigation Bureau (EOBI), the chairperson stated that a challan had been issued against the accused and that the process had been delayed due to the apathy of the FIA. However, she requested that FIA be invited to the next meeting by the committee chairman. Senator Anwaar-ul-Haq Kakar ordered the EOBI to submit copies of the challan and decided to request a briefing on the subject from the FIA at the next meeting.