ECC approves Rs55bn EOBI budget – Pakistan

ISLAMABAD: The Economic Coordination (ECC) of the Cabinet has approved Rs55,000 million Employees’ Old-Age Benefits Institution (EOBI) budget for the fiscal year 2023-24 as the institution’s earning from investment has increased significantly owing to a higher interest rate.

The ECC is said to have also approved a revised budget for the fiscal year 2021-22 and 2023 with the direction to…