EOBI demands 3 years dues at revised rates
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.