EOBI de­mands 3 years dues at re­vised rates

Pakistan Observer - - ECONOMY WATCH -

AMANULLAH KHAN KARACHI—EOBI has sent a wave of con­cern in the trade and in­dus­try with its abrupt de­mand to sub­mit out­stand­ing dues of the past three years at re­vised rates. The busi­ness com­mu­nity lead­ers have ad­vised the busi­ness and in­dus­trial com­mu­nity, in­stead of go­ing into fur­ther lit­i­ga­tions, they should start pay­ing their out­stand­ing dues from April 2016 on­wards at re­vised rates with a view to avoid fur­ther com­pli­ca­tions and le­gal ac­tions and to safe­guard the in­ter­est of work­ers. They have Ex­pressed op­ti­mism that the so far progress and dis­cus­sions with rel­e­vant au­thor­ity in­di­cate that the is­sue is likely to be taken up at the next Board meet­ing of EOBI, fol­lowed by ap­pro­pri­ate rec­om­men­da­tions to the Min­istry of Over­seas Pak­ista­nis & Hu­man Re­source Devel­op­ment/ Fed­eral Gov­ern­ment which is em­pow­ered to take the de­ci­sion on re­lin­quish­ing EOBI’s de­mand to sub­mit out­stand­ing dues of last three years at re­vised rates.

It is hoped that with col­lab­o­ra­tive ef­fort, the is­sue will be re­solved soon. The busi­ness com­mu­nity lead­ers wrote a let­ter to Chair­man EOBI Muham­mad Sualeh Faruqui last month that ex­pressed deep con­cern over abrupt in­crease in em­ploy­ers’ share of con­tri­bu­tion in EOBI for so­cial in­sur­ance and the un­just no­tices to in­dus­tries, ask­ing them to also sub­mit out­stand­ing dues of the last three years.

Re­fer­ring to EOBI no­tices, they said that both the em­ploy­ers’ and em­ploy­ees’ share of con­tri­bu­tion will now be cal­cu­lated on the ba­sis of re­vised min­i­mum wages i.e. Rs. 13,000/- as amended through the min­i­mum wages for un­skilled work­ers Act 2016, which means that the to­tal em­ploy­ers’ share of con­tri­bu­tion in­clud­ing em­ploy­ees’ share of con­tri­bu­tion has al­most dou­bled as it has been raised from Rs480 to Rs780. Even if EOBI feels it nec­es­sary to re­vise con­tri­bu­tion ra­tio, the In­sti­tu­tion should im­ple­ment it from April 2016 on­wards.

LAHORE: Javed Afridi, CEO Haier Pak­istan and Ruba Pak­istan Pvt Ltd., re­ceiv­ing the Pres­i­dent’s Busi­ness­man of the Year Award from Pres­i­dent of Pak­istan Mam­noon Hus­sain at LCCL Achieve­ment Award cer­e­mony 2016.

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