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Business & Finance

Chairman EOBI called on KATI

Published April 30, 2019 Updated April 30, 2019 01:45pm

KARACHI: Chairman of Employee’s Old-Age Benefits Institution Azhar Hameed said that harassment of industry would not be allowed in the name of audits.  He was addressing a meeting held at Korangi Association of Trade and Industry (KATI) here on Tuesday.

Chairman EOBI said that in current fiscal year the institution paid Rs.35 billion to the pensioners and amount would be increased to Rs.46 billion in next year. He said to spread awareness among the employers and to honour our dedicated contributors EOBI is preparing to celebrate national pension day. He also assured that audit should be confined to once a year and he would not allow making this a tool of harassment in the hands of officials.

President KATI Danish Khan said that after 18th amendment there is a lot of confusion regarding the role of EOBI and ongoing litigations in the courts also cause uncertainty. He said that as employers we are ready to provide every possible facility and contribution for the welfare of the workers.

Zahid Saeed said that there is need to give awareness to the employers regarding the role and importance of the institution. He also suggested establishing a special desk in industrial areas of Karachi.

Zubair Chhaya said that due to incompetency of worker’s social welfare departments EOBI also suffers the credibility. While responding to the questions and issues raised by participants Azhar Hameed asked KATI to nominate a focal person to work with the institution and resolve urgent matters.

Copyright Business Recorder, 2019

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