Workers Old-Age Benefits Institution (EOBI) on Thursday said it had been beginning IBFT (inter-bank capital transfer) because of its enrolled companies to facilitate trades.
In a declaration, the EOBI explained:”EOBI intends to alleviate the process of participation collection and retirement disbursement by all probable ways.”
“This current initiative will surely reduce recovery and collection guide times that will affect the pension holder retirement livelihood,” it added.
The Workers’ Old-Age Benefits Institution (EOBI) is the Government establishment which works under the Ministry of Overseas Pakistanis and Human Resource Development. EOBI was shaped in 1976, to give pension, old-age benefits and social insurance to enrolled workers.