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I
M INU fE BOOK
PI\G E f\!oEMPLOYEES' OLD-AGE BENEFITS INSTITUTION
TIMEON
f::1\RACUr HELD AT
/2: 30 /,/lj2 B JUN 1999
MJNlJ1ESOr~T)1f::_ 49~'J'~E!;rING of JJJE: BQ~BD9f JBl!S LEES .or EOBI HELD ON 26.6.1999 A r 12:30 P,M. AT E0811lEAD ornee f(ARACHI.
TIH' "gth Meeting of the Boarrl of Truste~s of EOBI was held Oil S::Jturd::Jy, the 26"' Jllne1999 at 12:30 p.m. in the Board Room of EOBI, Head Office. Karachl.
2. Thf> following aftonrled til", rnoetillq:
President1. Mr. MlIh::Jmrn::Jd Z::Jf::Jrullah Kh::Jn Sacr"t:ny. Ministry of Lab o ur. M:OlllpolNer & Overs o as Pakistanis, Govefllillellt of Pakistan.
Mptrlh"r2. Mr. Z"fr1r Mal"rlOlfd, nWHlcbl!\dvisN. FORI. Mini""V of rill:lncp. GOvptl1fllPnt of P<lldst::Jll.
3. M:'\lik M. Zalroor Anwar SOllior Joint Souf>f;:ny,Minisfry of LrI!Jollr,M::Jnpower & Overse::Js ''';:lkislan;s Govonl/nonl of P::Jhist;rtl.
Jt. Mr. !\nwrlr /\Ii I(holdl;:]r. S0crptC1y,I "'l{JII'· Dop:utrIlPnl. GOV0rnlJlfl111 of Sh irth.
Member!i. Mr /\r'~"CldJ ,,"vopr, Fmpl()y('r~>' Represent::ltive Sinrlh.
M,..,,,hf"·G 'laji M"h:l""'I:ld I~:lrk",('
FlIIl'lny<'f's' n"I" "s"nfrrtive rlllljrrh.
7. Mr Nabi /\JlJlwr!, FlllplnYf'es' Rppmsent:ltive Sind I!.
n I hji MlIh::lllllll;ll! Il nahlm Fmploypps' nepn"\sent;:rtive R;rlllchist::lll.
g. M,. s. R::Jrk;:rfllrr;:r1! Memher
C'lrli,m::JI1, FOP!
10. Cdr(R) Moh:lllllll::ld !\hl1l;:lr! Director GenPfrrl. FORI
11. M, Muh:l'lIrnrrd S"lilll. Secr"t;lfy
DpplIlV Director G"nN"I.EORI.
PRES IDEN rs INITIALS
PAGE No. 7(,:'
-·---.-----..---- -.. -... -j_.- .' ON TIMEHELD AT
~Ar,'\rnJ I, i; ]1 Ul lll':l /2 ·30 PMr -
3. Mfs. Zarnlr Ahrnsd, b.D.G. (EDP Division). Azhar Mehdi l<:h;lll,
Din~etor(FR.A)~11d n;lj~ F~iz-ulfhssan Faiz, Director (Law Divls ion] alsl) <lttended
the meetin~ to assist the Board in its deliberations. Mr. Tahir M"'lInood, former
I\bG/Secret:HY to thl:! ~oard was also present.
4. rhe meeting began with a recitation from holy Ouran by Cdr(R)Mohammad
Ahmad.
5. The PresIdent of the BO;:1ni welconwd the members to tile meeflng. fhen
the 80;:1nl took up the items on the aqerrda one by one for deliberations.
ITEM NO.1.
TO.CONSIDE=B J::ONEJRMI:\IIQN.OF THE=MJt-tLJTt=$ OF.4sr l
' MEETIN G OF BOARD
OF TRUSTEI.::S.
6. 1 he minutes of the Iast meeting of the Board were taken up for
~onslder<1t1ot1. the President <lscl'!rtalned whether <IllY objection to the minutes
were received. The Board W<lS informed that 110 objeetiotl has been received from
;In\, momber of the 80 r. The minutes of the 48th BOT Meeting were confirmed
accordltlgly.
ITEM NO.2.
10 CONSIDERBEP9BIO]'Jj\CT1()NSTAKENBY.T11E INSTIJUTlO!'J::
7. f';Irlicipallts were informed that a GrieV;1nce Committee hCld Cllre::1dy been
r.nn~tittlted. The rre~idel1t enquired about the constitution of this Committee.
1 he Board was informed that thfl Committee is represented by the heads of the
rin;lflce Division; Human ResolJrcps Division; Secret;1ry General, e8A; <Ind. olle
nominee of Secretary Gener<ll. eRA from K<lrachi. It W;JS stated that no
r;0I11tll::tftl{ h~d yet heell received bv Um Corn1l11HNl.
PRESIDENT'S
INITIALS
EMPLOYEES' OLD-AGE BENEFITS INSTITUTION
TIMEONHELD AT
~l\RAtHTMIN UH flOnK
ParaIl.
8. A list of tJending claim cas es beyond 45 days was provided to the membet
of the Board. Participants were informed that out ot over 1,60,000 ponsloners
only 91 cases were pending. The Board appreciated the petformance MHI desire
1.0 settle the pending 91 cases hy 31<1 July 1999.
Para 16.
9. Mr. Nabl Ahmed expressed his desire to amend the relev::\l1t provIsIon f
EOB Act. As lhe Board did not intend to include this provision in the Nation
ren~iol1 Scheme as reported by the Institution, he desired that t1lP. amendment i l
fhe law he c arrlo d out in thp. exisfing law without f"rthor delay so that payment ( f
pensions to widows c oul d be ralionali7lHL The Senior .Ioint Secret:ny slIppodel
file contention of Mr. Nabl Ahmad. If W<lS also statpd fhilt widows nepderl spec!. I
:1ftpfltiOtl in our sociefy and even superior courts favoured tlw cases of wIdow..
The ~oatd desired tl1M the issue be brought before the COlntnitler.> constittlted t)
heM and decide the Ctllllpl;lints, questions and disputes under Sl'!ction 35 of lh,
t:ol3 Aet.1976. The Board further decided th:d Mr. Nabi Ahmed may also
included as n Memher Oil ,I.;,., Committee.
Para 18 (ii) (a)& (b)
10. Malik Zahoor Anwar desired th:lt:l Circul;lr/Office Order, regardir 9
constitution of the Committqe for study of alternate arrangement f r
tHsbmsement o] pension neNts to be Issued. The Board was Informed that art
diSCIISsiryl1 wifh file Sr. Joint Secretary, the Olreefor General aloll~lwlth thl'? selli r
orfidals of the E081 held meefings with th~ senior officials of fhe Post om e
h<>::lded by Mr. Zia·ur-RehlTl;ln. I\dditionClI Dimclor Gener:ll, Government )f
Pakisblll. The p os tal authority informnd th;:!t they :He alroadv haridllnq eight In S
pensioners of Armed Forces and can also ex/enn their services to FOBI In n s
m«ard. Howovar, due to pross we of work and s orns special project under stu Y
t!lPy should he able to Iakeup this s tudy In the month of July ;;1I1d would 5011 it
more lntormatlon hom the Im;tilutiotl to eX:lmine and submit their propOS'll to t .~ _
Pr!ESIOENrs
IrnTIALS
i PAGE No. Ii d
PRFSIDENT'S
IN ITlAlS
HELD AT
• ;' .~,cH.:; 1-. ,. ~
ON
6 JUN 1999 .... Institl/tion. The progress in this rnattf!r shall btl Pllt lip to t1H~ Board ill its nex
meeting.
Pat~ 21
11. It was stated that a Scrutiny committee constituted by the COlllpeten
l\uthorHy has scrutinized fhe objections/observations rer:eivpd on seniority list.
and submitted its findin!:1s to the Competpnt I\ulhority for r:onqidM:ltiol1. Th
sal1le W;1S rl;1ced before the 130;1rd for information only.
12. Mr. Arshad Tanveer wanted to know whether the required certificates frot
plqhty d~-te(:jlstered units have been received 01" not. Par/ieipants were lnforrne
th:lt thl'! rertuired r:ertifir::ltes !l:lve been teceived from such units. AflN thl.
actlon, the ds-raqls tration of these units W:=lS approved.
Para 27 . .
13. The President desired that two copies of the annual accounts, duly signe
by the ;1uditors rind the President, he forw.-.rded to the Ministry for its rer:ord 1
Iuturr-.
Para 29-_._.- - . .
H. Malik Zahoor Anwar pointed out that a Circular/Office Order has to b
issllPd in respect of the ;1ppointrnent at Chalrman as a Member of the Servic
Appellate Committee. Mr. Arshad Tanvner desired that a list of pending r.as as
p,"plny0es hefore fhe Service Appell;l1e COl11mittee which wen'! ;lw;ljfing decisio 1
heyon(! slx months hI" rnporte d to flip Ro::lld In it~ next meetil1g.
15. With the _above_observations, the_ recast _action taken Jeport a
recomtnef1d~d. by th~f&l\_ C_onlI11itte~,vv:a~_atJproved by Hle_Board.
f"' 1\GE ~-.I 0 c,EMPLOYEES' OLD-AGE BEN EFITS
.:~. /
4-9 tAINSTITUTION
MHWH 0001<
ONH E L D A T
'I~M__NQ,_:l;': TO CONSltJE~ THl:: PER.FORMANCE 01= THl:: INSTITUTiON SINCl:: LAST BOARD Ml:ETlNG.::----------- -.--- -----.~- -----.------------ ------------ -- .. -------
16. Mr. S. f3::tr!l::tlllllalJ strlfgd fhaf rlestlife thf' 1II1f",vollr;1hle econolTlk
c o ndltions , tlJe Illstitufir1l1 with r:onr:Nled eHorls of its field fOlr:e would,
lns hallah, meef the bHgeL /\5 pIn past practice, fhl'! collection would be closed by
7 th of July 1999 in view of inter-branch tral1sffns which generally take a weeh's
lime.
17. While discussing the pellding claim cases beyond 45 days, it was stated
that there were only 91 cases which Were pe ndinq out of over 1,60,000 cases.
Concerted efforts were being made fa clear these by 31 st July 1999. In case, any
clalm Is not cleClrerl, such cases will he reported to the Board with full roasons
thereof, for HlP informClnrHl of the Board. Parlicip<lIlIS were further informerl thM
of Honourahle Waf;Hli Moht<1sib. Mr. S. F\::nkatld,,",h inforrno d r;l'fkip:ll1ts of fhe
rnefltil1g that he lJ;ld ;1150 sp okrrn to tfIP. Chief SPf:I""tMy, t'lll1j;lh for fhe In;1liZ<1fion
of dues a~l::tinst rRTc hy ::l(:(luiring their propetlie-:;. Mr. t-,l<lbi I\hrm'!rl "HT1ph;:lsi~ed
fh~ need for :l RegIon-wise Ii!'f of rnqistp!prl nst;lhll-:;IHt1f!l1ts clem Iy mo ntlouluq
the main codes and suhcodes to be provided for cOIl-:;ideratiotl of the Board itt
the next meeting at lhe BO."1HI.
1R. While disCllS-:;i'lq the report nf! cornputnrtzaflou. it was ernph<1<;i;rerl by Mr.
Nabi Ahhll"!tI that we should not lqnore this important activity of the Instihllhll
which builds up records and genera~~'~ very valuable reports and inform;ltinn to
its Users. the Board W;lS lnformed that tlw lnstltutlon is continuously w.rklnq
hald to build a rell<lhle d;:ll::l of Insured persotlsfdairll:ll1ts. The futuro pl;lIlS suc h
;"IS t1n.~wotldllq. divisiol1;l1 r:oIl1puteri;r:ltiol1 "nd Y7t-<. pr obtom r:;111 110t hI'! t'1dded
e(fnclively wifhnut provi!"ioll of ~dRqll"t(' fvtlds. Mr. S B;lrl<;ltull<11. Inforrllpd the
ITlI'!(!til1~1 'h~f ;1 lr;1illing proqr;1l11fllp' 011 Y21< will Iw C(lndl/r:terl fo equip the
1Tl<1l1pOWP.r I)I1~l;1ged ill cornpl'tcri7;ltioll to qet the Ins titution through this
problem. ll.O will be mfll,ested to COtlrluef a course of 2-·3 weeks on Ihis subject
TIME
12: 30 PI'?
PRESIDENT'S INITIALS
PfHSIDENrs
INITIALS
._--~--_.-
PAGE No. // (.
49+1, . "j \
HELD AT _. ;;~"E'"ON'·1 ,1eARACHl... 12: 3 0 /'1'1
<It M<lnil<l. M<llik Zahoor Arrwar w<lnted to know as to how the proqrarnme would
he Iln artc ed. The Board WClS informed th;tt ILO would be rp.quested to provide
funds for the same. AtteL~(Jme dis.{;l,JssiQn, jt was.clgcNed that tlle.IDsJiJ\jli()n
should make~refere.n{;eto.the Millistry in this respect for takingupthe..matte
with concerned quarters. Rs.1fi million were provided under the head 0
"Computer and Computer Accessories" in the Budget for the yo ar 1998·99. 1\.
per Accounts Rs.1.130 million were spent WI March 1999. There is :'! hlldWd a
n".1 A.n70 1tI/lIhn which ll!l ynt 10 hn utill,.m-J. The Institution desired that ~s.
mllllon frotl1.t1~js .atno!Jl1tbe.carried Iorward to.the_ne~t fillancialyear in order t
fulfil the Capitalexpel1c1iture currently in process; accottlillgly .It was_c:arril:!
forward.
19. While discussinq the investment activity of the Institution, the Board wa
Informed that the Institution has taken all possible measures and Inltlatlvas a
rP.t the Investment Rules arrd despite depression in the economic activity. th
In<;titllfion hClS rnalntalne d its high yield profile; Keeping inf<lct tile security of th
fllnds ::lnd (relnsparency in t1wir deCllinqs. Recently the Goverrllnpnt h'l.
::lnnoIllH:ed 2%, Cllt in the b;:1I1k ratps and the Govorruuant Securities like DSC.
efr. 'Jhe prompt action t'lken by the Investment Comrnitten and the M;:tnagemen
of the Institution In securing Its funds and Investing them timely on the last rlat
of announcornant ln nsc- @ 1R% p.a. of some of its investment which wer
e<llnlng Mound 15'Yo p.a W::lS noted with ~r-eat appreciation. Therefore, til
Investment Committee of the Boar d IlClS decided to disinvRst its fund from FIB
:lI1d put It In such lnvns tmr-ut ill thp government sp'cllrities/bills wlrle h ar
qu;:lt";:u1teed by Government of Pakistan giving at least 17% yip-Id Le. 1% more tll;:l
the present revised mte of IJSCs. Accotd;n~Jly the initi<ltive taken by th
Institution does not only lncreas e the yiRJd considerably but has maintained th
security at Iunds. This Initiative will bring lmmodlataly an income of Rs.15
million and a yield of Rs. 5 billion in 10 years' time. The Board was also infonne
fll:1t the Institution which presently is de:lling only wllh Inv('sfrnenf h<1nl~s. OF!
and l(!asin~l companies with regClld to nero·deals hns als o p.arned a c oustdorabl
<l11101lnt. However. duo to the restrictions in such de;1h with c ommercial h;:wk_.
the Investlllent Crunmlttee has observed that holding of large si7!'! of FIBs will 11
(j
MII,llIfr FlOPI(
PAGF
he 111<1t profltab!e , therefolP., the Investm<?l1t Committee h:Js converted its FIBs
into DSCs.
20. fhl:! l30ard was also Informed that the Investment made in the I:lahkers
t:ttulty LImited, fh an amount of ~s.160 1111111011 plus ~s. 35 rnllllon mark up
;,.ccrl/ed rn<1king <l total ot Rs.1c)5 million to date, has not been retllrned despite
rI"fH?<1 I 'HI requests and ;,.Helllp!s mnde throuqh Slnte fh1l11< of P;11dsl::l1l nnd
Mil1ldty ot t'11l::lllce. The SertebfY, l:1hOl/r, M::ll1power It Over,,<?<1s P<1kisl:1nis,
has ;:1150 requested trw Fin;:ll1re SecrefMy to advise tlH? stnlr? 8::1111< to ::Issist 1:=081
in rerovetillg the outstandinq dues Irom 8FI. 111 fhe me::ll1fillle, <;f)tl1e new
development has taken placo and fhe Slnte 8nllK of P;,.ldst::l1l has ::lppoll1t<?d Mr.
lnam-ul-Haq as Administrator (If Banl<ets tql/lty Limited who h::lS requested Ih;:lt
the amoun] due may be pald back in 10 etltral "monthly Installments". After some
c o ns ideratlott, the_8oarddecided that thealnount with arc rued mark up .should
be recovered_in s;xequal"monthly illstallluents" with the same late of mark UIJ
as accrued.
ITEM ~9·A~
IQ_~Q.N~Ql;,tLMI; MQgAt-.JQl.IMQEAQfi.Ef:M.Et'tIj~_9_~-~Q()!LLQRllit;.l) NI9J"-t~l;t!
$JAFL
21. The BO::lrd :'lptner.i;,.ted fhp efforts mado hy lI,e CfJltlllliffee c ons tltu te d for
holdil1l1 tH>goti::lfions with the eRA for rl'::lrhing an amieahle and motivating
:'lqrpPI1H?nt with the CRA_ It is Iurthnr :'lrlded th::lt ::l highly s<ltisried s/::lff is
twcess:'1ty to cre<lte a IW<lllhy ::ltrlH'<:phere in fhe Institution, The Institutlol1
tllainf<linerl the percentage at the 10.,,('1 of the last eRA ::l~,reetnent l.c. 28.38% and
<IS allowed by the Ministry. After these remarks the Boarrj appro,£ed Jh~
Memorandum of Agreement 1999-2000 for the utli'lnisedstaff.. Itwas f!tnphasised
that with this a~lreement it is expp.ded. that staff will work with more. zeal,
responsibilly, and enthusiasl1I in achipvinfr the ob;eclives of the lustitution.
I'~()/('/
TIME
/2: 30 /I'jl
PRESIDENT'S INITIALS
-----_.---~
-------- -- ------
,I 1 ( PAGE No. if ('
HELD AT
"-" JV~t'ttf,
ITEM NO.5
TO CONSIDER REYJSED_ BUDGET ESTIMII.JES FOR 1998-99 AND PROPOS~I
I3UtJGEIEQRJ9~9:10_0.o.
RevlsedBl/dget Estimates for tile Year 1998-99:
22_ While discussing the C:-lpit;ll Blldgpt, the Board, all rl'r;OI111TlelHI:-ltiQt1 of th
r &A Cornrnittp.e, allowed c::nry fotw;ttd of R~1j million fa Jlropo~pd budget fr:
1999-2000, from the proposed revised budget of computers & c omputr r
<1cces30des. Arter these _changes, the Board approved the revised revet1U~ budget of Rs.222.108 million and revised capital budget of Rs. 113.110 mllllor
1 he Board also aptJroved revised tar~1et of contribution collection of Rs.13i~ lIIillion and the revised investment income to RsA,983.242 million detailed;: s
under: ,<;J"n~j\mNT ,,,,,OWIN(; Ilf~VISFIl HF\'FNlIF
rSXI'ENSES BtJJ)(;ET IiOH 1"'1R-"'1
------ -- ----.-- ---- -...--- -------t---- -------1-~-~~~~'\Is.:lll~'PI" 0' 1',1 HI" is!'d I' sli""tf"s h,
I I , ,r, 0 F ;\ ( ( 0 tI N' Illl(Igd rot 1"'111 'l"
\) SI ;\ fiT- (CosT--------- -----.---------
,
Z
,j
<;
t. 7
il
I;
1',1\ 'HilI ;\11""'"1("("
h oddl'lli hlllli {-Oil tdlm/i"l1
VIIII" Frllsinll ('nllirir;;;ii;,11
{j, ",lilll"
n""", FllIp- ~i('(H,·"i F:~I"'""'s
FllIp- ,,,..11'''1'(:- Fxp,'"s,"
j,', III 1'- i ,.,\ FXl'('Il"'s 10 C;rnup In.c;ul":uH'C" r}re'llilln,
• i F.tI"n1f;o~1 (;f'c;~
i 2. i~"lfl. oj l·~lil.ed·(', j'-,'IH'n.<;('C::;
ii 1\\'"''.''' ii':... fij,,~,· \\'".-i,,·,:s)
12".'17(,
j(,.sM
H"""""d I1m!,!"1 rOI 1')')11 "c,
-----.------------.
IJn.,llll
jlli)
iijil
16.50ij
fill' II1,lil"li"" <~ ;\ PI" ""'cl I,) nIl' n"", ,I r", r ')l'H f/<)
I n. I 7H
i~ij
7M ':ion 700
i (,,(ioo j (,,fjijij j ~ ,RIO
i r.. 700 HHj
i r.)iili
/iiil
i"7. silO
jnn
l.,200 (;(\0
Uoi) (,fJO
2jW (,.17
g is
PKI'SIllENrs INITIALS
__ -f7
lj> ---_._~-
-- -- -- --
MltlUH nool<
EMPLOYEES' OLD-AGE BEN EFITS INSTITUTION
H F. I. DAr
ItARACal
l-i "lr-n n s pn rtn finn e"",'gl's -'.3nO i5 Eni'" hll\(j,i~"iit Exiir",q('s Wi 1(, EIli.,. 0;;ifot-t;i E~II~;;;;~;; ,150
i'7 sITi-;;;;;1f 7 it~, ~~ ;:;-;:; ri;;;;:\ 201\
F:~1 c;,s i.,-',r 11 i BooHi ft~;1'
PAGE
ON
3..'011 3.500
j50 IOn 4~O 350
200
2,500 -'.O!;OO
250
IJilil
25
j,700
SOil
2.000
2,500
Too
(,(jfJ
50
(,.IHHI
;,~iio
~,oiiil
I fin <i ,orjo
'';0
2(,7
(,Oij
2,Olin
7,1 go .~(i
jUo jfJfJ
250
2.~i)O
g
UOO
ROO
uno
Boo
<ig
j ,000
SO
("ilijo
Uoo
5.';(1{1
100
.',5ij'i
20n
(,no
.',iiiin
(i'l
ioo ,Hi
Hm joij
[\10, ( )
49Hv
TIME
12 :30 PM
PRESIDENT'S
INITIALS
- ..,--- ---.::
-_.- . , -,•
III ~n.uf:lt ()!iJ~I(:_E IiJ(J'li;NSES 1 On""" l\1~~fi11f! E"IJ('n.~('~
2 hI illI'iit~I: r;j,; ig('s
., fI11;-;fWI~' i\frclJ(-,iii fi:'"11.((' I ..dlllll 11 l)
~ (jilin' ft~"t & T"",~s
5 A,in,iisiii,!, PI('(0";\ ,Ii,
I'tlhlirily
(, [',;nm;,g F~<I;('''S''S
'7 1',1liH'lg siaHn,,~,-~' & orf1r!' StlJlllfk~ _. -. -
Il <f ·n",\r{'ynlJt.~e jT:"r~tls(,
III ,ncali 'i
jii
jj
i1
i.i
ji
i5
17 ill
ji}
2n
2i 22 .u
H 71::',
··-f\~·fnf!'(' <.~r 'f('l('f!t-n;n.o;;
()f'nee shifiillf.! 1;:"I'ell.'~s
t~i~Jli"'11I' ~"rl';1S~,S
Vl'j,i,.j~ itl"in,i,~~ ,~ '1""1'<
"eid"j" H11""i11f.! ,Ii, 1\I"illI"":I'1<'('
'i,:,l"i,,/! E~ I'''I1S''S (1,,,cH il
if fill drs
VII!;" faJ"I11;'l1l 1~"r;clI'<l's i ,iq. PITmln11l (I)jf,;'; fj"'ll (;.L~ vddl'1l's (. f't1~11 ir :,;,cy, I."gni ,Ii, I'nJfl'ssiO":ll Fees
H!'pnirs :"Hi ~,i nillj"linnre Ilnlldil1f.!s ;\ ii<lii I'l'l' RH~cl'jj,;rlci;(i;; E",i;pi,"~.;;
' ..:;~Hllil('(' ('(~tlill,iiff'('
Expenses ih 11 i< Cil:; rg~s
N('wspn!ll'is ,~ rUllHHnlis
Y;f1
I}1Oi1
B
-'.OlIO
5,000
2,750
,1.000
,;50
ijon
100
7. I5n
2,000
~,5i,ii
,100 ,FIno
700 go
!)on
,Uno
7-1 no Vj
i5fl 550
f)
---
-----___
---- --------
PRES IDHIT'S INITIALS
26 17 2R :Fi .'10
.'1
.n
.Li
SI".
No.
'-, 2
-~.,H~E~-'~'--'-('~~I-~I_-I~~.._~--'--.- ---1...-._....... ---'~")'~ J'. '1
UI1r:lIT Ilook~
(a"jagr ,~ ("",ri"gr S1Ii,~nipiii"i ,~ A!TIiEdii"i issA slIi.,"C;·jjj;j",i 7A,i,iil i Rrgiol1allfca,1 Conference Vi,Hiilg flclcgajjilii EXJ1l'n~l's
i{riigiOl'~ Vni'fiion ,~ H"U Ex 1"'11."" h,bik ihi"llons & h'oton,i renAL orurn or-FIn: f:XI'. :T()'\'AL IHWFNUIi', I~XI'. (A , Il),___________
PAGE No. ;' / ,~'
..-.--''- .---ON"'" --------·----f-----TiM-- --
)
i
200 2mi i!iij
i.oiHj !ijjjj
~o
-~--
2!HI
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47,J4'1
2JR,49Q c..._____
S'J'A'tt<:I\JP:NT SJlOWINI; AITIH)VF:D ('AI'ITAL
tHJl!.Gf<:J:REvISI~D t<:S,IIMAtt<:Bt<ORJ 998-'1'1
..• • • _H_ .- .. - '''
12:30pf'I)
1110
J4.2J9
222.IOR
(Rupees ill (11011'''11('') ,TTTEOFT"TT01l'NT---ApPloncl BtIIlg;''-l-''-l1-'-''''''R'':''''-,,''':i~'':''r-(''~,fiJlla"j~" hy
v;" II it urr- 8r Fi x f " , c ,-.------~
Of!i!'(' I\l:t ..hill," ,'l, V,'1ulpl1l(,111
J Cooling ,111 ""aliug Af1pli~"f('S
" "!'hil'k.~
<; I\"fino ('OII1f1"t"I'S nrul (:"l11pul",' A!'('{'~snl';"s
(, P"r"'w,~r nf Nrw nllihlillgs 7 ('oo"f1·"rtlon," "f N,·", 1l,,11";'11~'
H Ad,lItio"'! Al"'l':lfioll~/Fx(l'II~i(1",
-
....• "" •.•..••". . .•..••__. ,
~S JUN 1999
~n
joo 5ij
,iOil
.'10
1110
5liij-
JO,1l26
221.410
19911·""
2500
2 ,0 lift
c1.('OO
I("onn ,,!).noo ,11,';00
th" 1I1,~fil1liion ,'I,
i\ l,pn'H',1 hy ih" flOriI'd rot, I ?9R--'J?---'---_.•_-
2.,1<;11
z.s00 7 ,OliO
",(,llI)
~ Il,onn c1'J.nnn ,I I.~no
io tcx;"fi"g 8r !>"ol'llsr" Il"ilrliug' I I .. --- ---~-- ..~~-----IE,Ti(}TOT A ,;-:---==c--R;~o mllllon under the he ad of"Comptlter 8. Computer Accessories" has been
C<11rled fotw;nrl to the y oar j9992000. The arn o rmf h<l~ ;'lccol'ditlgly heen reducer!.
ProposedBudqetIor the year 1999-2000.,
Rey ~IJy~_t:3.l!!:l ~ g!:
2:t Mr. S. Barkatullah Informed partlclpants that expenses had Increased du 10 ::lgreemellt. with CBA, package of pay & allowances of officers an
computerization. In order fo ratain the profes stonals. it Is necessary that pay
allowances rnusf reflect tile market r;lte!'l. TIHl perfotmance of tlw Institution hac
h('0n commuudab!o when many org<ll1i7::ltiOtlS W0re facing fil1::lllci::ll cruuch an
rlown ..sil'il1q, lie quoted the p'xClll1pfe of ItCl!Jib BCll1k Limifo d whme t1lPn~ W~~
11\
M INU IE f1001(
PIIG (: EMPLOYEES' OLD-AGE BEN EFITS INSTITUTION
ONH E I. D A T
!., " CFIr
profit of 1.8 billion and they retrenched 7000 people. When comnarnd with
performance of the Institution with s uc h orqanlzatlotrs. the Institution earned an
tnvastmenl income of over 5 billion. with a view to safeguard EOBI investtl1ents
from the tedUctiOll itl the bank rate by 2%, the fnstitution dis-invested lt5
ltiv~Sttl1Nlt of ~s.1 bllllon ;n f:IBs at 15.5% (effective tatti) and hlVested in 1SOlo
uses which would tekh 5 billion ovor 10 ye:ns l1eriod. This co ulrl oilly be
possible with the tJtotessional experts who kept themselves in touch with the
market tHi a continuous has is. lie further ~dded that the lns tltutton (i) f~ huget
oriented and it has achieved its hnget tor the year to rhHI"; (ii) Is rmlil1talt11ng its
:lrlrlllrllstf::lfive expenses bnlow 5% of Inveslrnant Income; (III) h:ls IlO major
oomplatn! a~l:linst it either from ;nsuwd personsfcl:llrnrlnts Of the employers.
Mrllik Zahoor Anwar supporter! the vif!w point of the Ch::llfm:ln :lnd added thrlt an
andiliolH11 compf!nsation par.kacw to the officels of the Instihrtion h Iully }w'ltifled.
The Board then took lip the revenue budget for consideration item-wise.
1-1. The l:10verllrn~nt ft~s t~k~n ~ polky decision ~nd has announced Illcre~s~
in pay :HH:l allowances of the govemment servants and the I'.rnr1oyees of the
Corporations.
25. 1 he Board W:lS informed th<lt while reviewing the issue of the revisioll in
the pay scales, number at orqanlsations oporatinq undar government were
oxamluad and tn/! flay structure of Civil Aviation Authority, a government
controlled orY::lhlsMlon was seleded as tlw base llne. Thereafter Boatd
e)(~rnined and had ~ clet::liled discussion on fhe proposed p<ly scales. Mr. S.
B::lrk~hlll<lh informed par tlc lpauts th:lt for the p::lsf 1I1:llly ye;:lfS the offlCI'!fS ;lfP.
sluc/I lip with fhe existing emoluments while the Institution has alwavs ::lttempfed
to acqulre highly rllt:lliried profes~I(Hlafs to raise the level of erticiency and qu~lity
of work to ~r.hieve high st::llld~F~jfi~l"~~t!~tf~terencewas fl1~de to fhe Iacl th:lt
this Institution is has ically :'8lfM~~j~~n'~rI :lrnl becallse of fhe tof:ll
coltlputerisation larqo number 6fOftl~~i-§ !H~ 611elrltin~J computers. lnspite of the
fad that moat of fhA Institutions :ne 0'fher slIttNinn from financial crunch or over
"farti'lCl restlltinq ill down silinQ their manpownr, the Institution has shown
tf!rnatkable progress by achin.ving fhe f:ngp' (liven hy the Roald ::llld rnairll:lined a
high degree of seclItity of Hs funds including notable increase in its investment
lucorna. the offlcats o] the lnsfitutiou rip-serve :l Ialrly qo orl trP.~tll1et1t and reward
tor theIr efficiency. Mt. N::lhl Ahmad supportad the view polnt of Mr. S.
Barkatullah and desjn~d that proposed p:ly scales may be approved and
I'
r\J (I 7 I ;'
TIME
rnESIDENT'S INITIALS
49 f h
implelllf!l1ted immediately, particularly in view of the Inllatlonary economic trend
the officers ar!'! hard hit. Ha]l Muhammad Rafi(j and Mr. Ars had l:mvee
~upported Mr. Nabi Ahmed'~ proposal and strongly proposed for il11ll1edi;tt
implemetlt:ltioll of proposnd pay ~ca'e~.
26. After_dljeqeliberatlons the Board approved the proposed pay. all.
allowancas, oLJbegJficeJ~ of the lnstltutton .. ::I9 .. tecQIt1lt1ellded by...the EB.. Cotr1h1lttee;1l1d de<;ided unanimously to .. Implement the revised payalt allowances allowad jo the officers In thesatne manner as implemented by Civl
Aviation Authority, w.e.f. 1"July, 1999. lhereafter, It may be sent to th
qovernmeut for reqularlsalion.
PRESIDENT'S INITIi\LS
12
MINUTE BOOK
EMPLOYEES' OLD-AGE BENEFITS INSTITUTION
HELD AT
Ki\ ;~'\CHI ~I ON
18 JUN m,~
lIle Boar d approved the pay scales as recommended hy the F&A Committee as 11l1der:
Exl$tln9 Proposed
(~rrr"vprl by 8,,",,1001 05.0' 99 Irnplenlcntr'd w.e f. 01.07 1099)
Execu(lve Officer AS5Ist~/1llJ',ectN Dnputv Director Director i\s,tUJIr. Gellom' Dy.Dlr. Gener,,1 nl,or.!or G0/1N,,1
06 07 08 09 10 11 12
15 12 10 10 10 10 10
2535·197 -5490 20 3080290-7360 12 4040-3669500 12 7020385-10870 10 7506-413-11636 10 8728·429-1301810
10190·545-1~6~O 10
3500250· 8500 ~0403609160
6000400-10000 0500415-12650 9000430·13300
10500-545- 15950 12150 610-10?50
4255·165·6895 5285201,8300 6335· 265-9780 7045300-11665 9505-510-18845 11~00635 17750 12160- 760-1 9 760
nle Board CI/')proverl the "Jlow"1I1CP'S as recommender! hy the F&/\ Committee as IImler:
To
70% of pay p.m. 80% of pay p.m.
RS.500 p.m. Rs.700 p,I11.
10% of rnlnhnurn of pay sc",leNil
(.)urlllfh;3I1on P:lY:
I) /\C/\I/\CM/\ Rs.1000 p.m. RS.2000 p.m. Ii)FCAIFCM/\ RS.1500 p.m. Rs,2000 p.m. III)MBA Nil RS,500 p.m.
(for the gradll:ltes from IBAiLUMS @ Rs.500 p.m. on passing of the examination and for every addlttonal ye<1r all Increase of Rs.100 p.m. !':uhjl'ct to a maxlmum of Rs.1000).
iv) Inter C/\ 8. p'lrt·1II qll'l/ified leM/\ from ICAP & leMAP respectively @ Rs.500 p.m. <111(1 for every "ddilinn"" ye<1ran ;ncre;lse of R<;.100 p.rn, !':lIbjp.cl to ;l maximum of I1s.1 000 n.rn.
Rs,:1000 1'111.~(JI!Ip.\.ltel.l\II{)_IY.a.n<.:'e.: Rs. I noo /),111.
(for officers other them Dlvls lon al Hpmls)
Rs,3000 p.m,Dlvls ional Hl!3d (EDP) Rs.1500 p.ro.
Rs.2500 p.m.COln.fl.ensatory AlIgw3J1ce: NIL plus 10% clerkAgelMlscelieneous(tor conducting f!!gal cases expenses for maximum llmlt o]Itl the Court at L;lW for lhe Rs. zsoInstitution)
., '" 'nth's qros s :1 'tlonths' qro<;<; s:-t',nyBonn's: Sn~:~'H n n d onp.
Mo"!"'~ p'ly.
1.1
TIME
f 2: 3 o PI11
rnESIDENT'S
INITIALS
PAGE NO, rr.)
Upwadatlot1/C reation:
-'l) UPGRADATIQN OF THE POST OF SECRETARY _ E30~RO, EOBI _ "No
U~G~ADArrOWPRQMqIJQNOFT/::It;}'O~JOF~DG{fIN~NCECf\tJ8E} IQ, THAIP_C ST,
n, the Board on the recommendation ot the t:8.A Committee approved lIP-grad;tti( n ol
Ihe posl of Secretary Board, EGBI to Ihe level of DDG and placed the same in the Fintmce
c;:ldre and IIp-grad<ltlonfpromotion of senior 1110St ADG(Final1ce Cadre) 1,0 that post.
b) l.JeGIV~R~J:JON OFJJNE_pgSJOFDI8ECTORjEQP) ANDPOST ,OF DEPUTY, DJREC
(E:PP)
;1n, The Board on the recommend;:ltion of F&A Committee approved up-qradatlon
post of Director to that of the post of AOG alonn with the incumbent and also a tJc
Deputy Director to that of the post of Director alonr] with the Incumbent.
29, The Board on the recommendations of the F&A Committee approved tf}
qr",dallon of the post of Deputy Director linD to that of the post of Director HRD alan
the ln curnben t.
TOR
of a
sl of
up
with
30. The BO,ard ol~Jhe rec,()mrnenda,t!()n of f.~l'\ ,C.ornmitt~e__ approxed tile cr~atiorL() J)()~t
of the level otAbGtomeet thew'owlng needs otthe Information Technology.
prwrOSED FIELD OFFICE, MUHHEE(JHII<.:A GALI):
PRfSIOENT'S INITIALS
.~~
.._...• ,-_..,~ .•...-. --.-_ ....----~_.,-~. ---~--- --',,''''',-,,' '''--- '-",.'--"----".",,-,,-,--.._,,,-,,-,---.' -' ", .-'--, , "---",,,,,,,---,-,--""-'''_.'-_.'-'' ,
- -
--
MINUTF noo«
PAGE NO. //'jEMPLOYEES' OLD-AGE BENEFITS INSTITUTION
TIMEONHELO AT ~_,,-.~11. !? ..~.... (' rrc -'j. 12. '.30 P/11
12. While l'!x<llllining "othor ofnr:n (,xpnn~e~". Mr. N<ll1i Ahmed emph~",17ed rhe need fo
the creation of awareness among the workers. He W::lS of the oplnlon that 1/1 order to Infon
workers :thout till? !H:Il!lItH>., the II1sHtUtlol1 ~hollid clevelotJ IJrogr~tt1tnes 111 teglotta
l::ll,qll"Cles 35 well ::lS In Urdu. Mr. Ar~h;1d T<1nveer SlIrrnlled his Idp;1. j\fler sam
dlscusslcu the Boar d on recommendations 0' the r &1\ CommIttee approved the
nuhancement or the proposed l\dverfisinf1 8< t'ublicity Budqet from n5.2.75 million to
Rs.3.00 mllllon with the condition that this amount should he disbursed in accordance with
the recommendations of the Publicity Committee of the Board.
33. l\ftlH thorough discussion the Board approved the budget for the year 1999-2000 as recommended by the t=8<A Committee as Ul1der:
1. 8~II-!!Jl~I!--':3~ldg.eLof: 8u~e~S6n.n6MJ!!ioLl; 2. Q.alJlt<.lJ Budggt of: Bupees 11_~,?~'LMillion;
3. Co ntributlon Target: BlIpees :L130 Mil!ioll; -1. Inveslment Income: Rupees 5,961 Million.
(Rupees in thousands) Bllrlget Bi,(fgct
proposed hy Approved hy
TITLI': OF ACCOUNT til£' Institution the Board for for 1999-2000 1999-2000
1 1.
1',,-, "",I Allowances j;J(,,"j(ir,li j;:lIud ('nJl~1 ~hni;nu
17(,,03J Hiil
17(,,03.1 iiil;
-' Il n l , 1<:io" f"(n· i; I nilIif) I i:0'l" h'osioo (-OllllHllIlioll ~ (h"lfi",r
(, jill oos "7 j;:,i1)i. ~lrtiiraj Ii:xpr,isr.' ij f'.niii. 'hif.~,e F,xj;.,i1srs !j Fiii". T~il F,~P('I'''';Sio (;IOllIJ frisil,:':;;;rr Firliilllili I j vi1~ir"ii;Ji,<.:rss
j 2 r,:",li. T,,,i,Sl'ri- v'xl'ciisrs
~(iii
i l,illH)
ij(jji
z7jiiij i R,iiijij
,go B10
7iHj B
j.so
~IHI
j 7,ilOO
Hliii zUHii jR,jjoo
1;;0 i ,siii
7ijo is
j~o
jj "':;~'" (hiJi-iir;;~";;JIj«(';"j 14j';'llSp';; i':;if"'l d,,,igrs j.s (',IIi, ('ooil,lgl,;ii f:~I;rIIS(,.;;
ii; j.:111p. ill1if~)i·J1t j;'~P('H!"("~
17 !;iil'r,"i i fiOll",,,,illlll
,i~o
J,~jm
j.so .lsii 2fHi
4i;ii .l,sOii
!"ii Y;ji lor)
I~ f.('al'l~ E,u:rlsfillirlli I,iJijo .I,iiili;
,,
PRESIDENT'S INITIALS
'._--~--=~
- ~
~-- -~IIA};,
49+~
HELD AT
~i: I' ~, i\ (:'iir
Totul StafrCos! .
m OTHER OFFICE EXPENSES I'-Boanl Me'cling F:~pe;.~;- 350 350 1. Cor;,p;'icl·U,f1;;~('s ':(~OO j.~OO j iin'lIiiliii)· Medh·:,j f.,~p.(Ciail11,,"ij jii jij .1 f5mce nenl ,v, T:m" 1.700 j500 ~ '\(In,jj,jllg, ",,,j"l',,i &. rni,iirii.\' 2,750 j,ijoji iij',aniiing E~I'f'nses ::Uori 2,300 'i FriniillR sbii"ne,)' <~ nfFrCl' Snlipjb 2.5(j(j 2,500 jj (''''''''',\''"1<'1' F:xpen"c (i ,,,cnii ,i50 .150 .) ii"slnge ,ii,h'!.-g,·an". j ,ilii(i i ,ilm, j[j Ornce siiii'iing F:x';I'II'1'S lOii ion Ii Tclq;hiiiii- l-Xi;l-I'L~CS (,,000 (i,mill f2 vdildc fiislll:nllcc &. Tiixcs 2,ijijij Hj(jo u V,;liii·k H;,iliilnri ,'ii., i\hiJiicI,n;;cc ~,ooo 5,1iijij i.1 T",;oing j~xpcn,,,~s (Loeai) joi, Jojj i5 UlHi;;cs _,_~ ' '__ _ ,__ l500 ~~5f10 16 l\-ledillR 8< C,,"fCl'ellcC', JOfl JOO i7 R,iieda1nll;c,ii E~fJcnse, j50 .'5i; lij Iris. hTl11ini'I «()ji,C',' jj'~11 (;j.,~ VCI,iclcs 0 0 FI i'ollSlJii:i'Il'y, Legal &, "'orrsi'lli.,nj fc..;s 650 (,50io nej,;,;,S niHi i\binii'n:1I,ec - n,iiidirigs 5.niJii<;Jj(jo 2i ;\ IItHi FC'c 69 (,i)
i2 Misl'eH:,ncolls f:xpcnsc,~ iiji; ion n vigiiallC'C' i :"nuI,ificr Expenses jo jii i,t jbnl, (:II~,rge~ i i(i i iii g N""'l'aw.,-,',~ j'(',loriic"i, Y;(i .I5() 2ii Uin,ny Hoob iilii iiJit 17 i\jir;:'gC' &. i':lId:i gC' 2iiil iiiO iii sui"",ll'iic;n,~ Ai-riiE,iiou 75 75 1'5 i.~sA ,<;ni,snjj,jlon iiiiil (ifllj
.Iii lAm:,' / n,,!-:lon:,1 iIl,,,d i 'onfe'C'IH'(' liHi 2iiii j i \'i,itiog iiciq~"fion liXpenses 30 .'i' .Ii HC'iigious ('uudiou ,~ iiaJl Expeuses 25(; iSi; jj hJhHe HrintllJl\s & hc;iucol 500 soo
roi ,\L ornnn OFFICE IS)(/', :- --- ------~O,J(H--------:tiJ,(,H
'5!.!.0:C!~ E~~N U!~!~~~~£~~ B)_~-==-=--==~ .--_'-~91;(~~ __, .2'~!21)'-2
1(,
251,26R
PRESIDENT'S INITIALS
P/lGF No, ii)'t ~) \: EMPLOYEES' ~J OLD-AGE BENEFITS ~ INSTITUTION
TIMEON HELD AT I K/\i{ACIU .. f 2.'30 /-'/1J
MltiUTE ROOK .".,1
~;I" liJ\IFNT SIl!J\YIN(~ "lnJI'O"WIJ 8< ,~I'I'I~o\'J.1l /'AI'I I AI, BlIllef; I FOP 1'1'J<l2(1(11)
(I( "1"'''' i" ______ ~~,~~d,)--_
nnduf'f Bl1dgd ;\ pproY{'fl
r"'oposrd hr l'r IiI(' nfl~lI (I rOi tl..: (lI,'lIflH,Onu 19f1".·2000
Iru 1""'1 zono
"1,1,,1.10?'JJJIl\ 5,flflfl" ,5011
oO,nOl) oO.Oflll
~-------------_..._'--.-1 ~ .-.-------- SI' N(1.
AI (,OliN"r , T I, I'. /J"
2, Fur "i1nfT (~ Fi x ~ U r c
Of(il''' Mud,;""" liz F'I"lp""'''' f
Coolj,'t! ...."" J1tl1fhlg AppJhuH'I'C;
",·"jell·"
" "'ir!'n Compnfrrs :11111 1
('nll1l'"tl'I- Ac..'('l'!=:!' I",", i('~
(i r"'T"~,e nt N"w n"i!,lillj!' 7 ('ol1stt"lldion~ of N",w BlIHrl;I1{!' R Ad.1iI lOllS! AIfcmlilln.!1': ~ tenslous
.---~------
~ +-~" E,i'l;ng 8. "r"po,,,d ll"ilr~inH' __ ...J. 2,05~L_. ~~ __ .. - I_I?! ;\ ~~ =·.l ---!3]~~'-:'.L,---~,5fi ~
, [1s. 5.0 million llllriel the h"",eI of "cornp"ter 8. Comp"I'n I\cce,",orips" h",ve beell c;>rried forw;>rd 'rhln 'he previous ye"" i.e . 19911·99. Till' "molllll llllr!'H tho "pploverl hllrl~et lor 1'199· ~OOO h"s bN'11
I "i"p.r1 "I":onllnq'y,
'- E.~tN(J ..6_;
Atl'0INIMj:JJIQFAVPITQRSJ=_QR19,98:::99-::
3 ). fhe BOiird,<JIJProvec!.the.appoint.rnentof Mfs. Hashml and Company Chartered
J ccountants for the year 1998-99 at", remuneration of Rs.55000 as professional fee and
r 3.13500 as out of po ckat expenses IJltls Excise Duty _as applicable as recommended by
r R,1\-ColTlmittee,
~MNo:7:
A NY_91Ht=.BJII;!V1-S
TO CONSiDER MEDICAL FACILITY TO SITTING AND RETIRED a) P'RESIDENTSiCl~AmMAN' OPTllEINSTIriinON ....-- ...
6, After due deliberations the Board approvo d the amendment in tho Medk",1 facilities
vailahln to the retiled President of the Board and decided that henceforth the same facilHy
viiI also be allowed to the!dlting and refired Presidents of fhe Boardlretired Chairl11an of
he lnstltutlon with retrospective erree! without payment of any anear. II
PRESIDENT'S INITIALS
PAGE No, //8
49+'"
l···~IM~- .-_ ...
ONHELD AT ....._-.-' r--'''''' "'II F.'l 2 B JUN 1999 -,2:30PM
h) TP.!:;Q~SIDEH THERECOVERY OF EOBI DUES FROM AITCHiSON CoLLEGt,
LAHORE
:17. The President informed the Bo:>r" th;lt the Institution has bl'!e'1 :>bll'! to I:>r.ldl'! thl'! lonn l l outst<lnding IssUe of coverfng Aitchison College, lClhore, the most prest/glo !'! <lnd
rerwwnod Institution of the country which WClS Clggressivply resisting the applicahility of Ihe
J\d. Th" pfflclent mClllllN and pur5UClnce with which the lnstltutlon hCl5 persnadp.d thp.
issue is hiqhly admir:lble and the Ch:lirrnan deserves high :lppreciation.f his effort madl'!,
may hp. trp';lted as good oxample in ordN to pursue other oduc:ltion:lr :lnd hO:lI/h
Institutions to get them covNcd under thl:' ScheITw.J11P r',e"irlp.nt further sit e"sp.d that the
derision of the Supreme Conrt ;lnd the recol1llT1(>m!:>tiol1s of Ihp Isl"'mic fdeoloqy COllllC11
shollld hf! widely prop:l{j:lted to educ:>fo the concf?rned (jU<llter5 for fulfilling their lp.q"l,
socl;1l ::lnd moral obligatior!s. Mr. S. 8:>rk:>tull:>h informed p<lrficip<l"ts thtlt tI", ice was
orot(en with the ",clive s upp or t of tI'" President of the (3Cl:>rd in re'lolvillg the long st;lllding
issw, ;lnd :> Commissioll w as :>rrointed whir.h worker! o u! ducs of Rs·.14.7t16 million
Incfuqlve ot /)0% !It,,Iutory Incro(1'lo :,rtnr vorlflcrltlol1 of th"'r books of <lcCollnts. The Bursar
::lnrl th'! Princip",l of the College has rerlUC'ltNI to allow the prlyrnent of arrenlS in
In"t"IIt",."I .. n'l well "'l wnlv" r of .. l"t"toty InctP.""'O' Mt.~. Rn.kntullnh "tnlnd th",t since tI", visiol1s of Ihe 1<1w andcoll"gp was r,ont"sHng the ;lpplir.<lhility in accordancl) with the pro
thlls Ihe dnf:1U1t was not intentional, th!> f:>cility of inst,qlhnenfs to slIch <l prc'lliqiow;
or(J:1l1is",tion would ""SO help the Il1stitution in registr:ltion of simi1",r orq:1l1is",tions. The
Board ,q/1provecl fhe proposal find ::lllowp.d12 monthly insl",lIl11entS to Aitchison Collego and
als o wn!',ecl the statulorv Increase.
c) IQ coNSIDER R!:STRUcTURING AND REORGANISATION OF REGIONS AND ZON,=S__
38. The President informed the Bo:>rr! that he had the opportunity of visiting varlrru s
ornees of the Institution and held that the Zonal Offices have become more or less the part
and p::lr c e l of tho fi81c1 op'lration i.e. Rpgion:l/ and Field ornces. This sr.etl<lrio h:>s rlefp:>ted
th" b:lsir. purnose of the creation of the Zonal Office. The proper rnaintenrlncg of tIl"
'It,,,t1~tlr.~ ppltAlr11ng to the f!slahlishl11f!llts, Insured pf'r50nS, pension claims, contrlhutlon
and work rela!il1{j to Rpsearch anrl Development and /1',,;odic;l1 indl'penrlof1t insppc!ion has
!lufrotod. MorooVOI t"" de!'1irn of thn !!Illployp.r'l for rill inrlopf'f1df'llt Arljllrlic:ltion is ::lIsa
r1,.,fp'",tf'r1 rill" to thn cO''''iv:>t1ce of the 70l1al Officr> with thp. Rnqiol1:1I1Field Ornees_ I ~
PRESIDENT'S INITIALS
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MINI,n no o«
EMPLOYEES' OLD-AGE BENEFITS
49 f A ,INSTITUTION ONHELD AT
rrr.AF? /\ n i -: ': /} .i;'~· fl~~'
39. A vIew was expre!>~ed Iha! zo na] ()rnce~ are eye!> "nd eM!> of the Ilead Ornce and
~hould he selv/rated from the normal activity of field operation they should condur t
imlGpendenf perlodlc;ll In"pedlon and monitor progre,,~ and report any discr"pancyl~h("t
corning and suggest actlon for removal of bottlent!cks. Zonal Omces should be ~ource "I
cnllec!ionlni:linlen"llce 01 complet" data with rf'g,nrl to rngisler"hle emplnyer, ine;lltp,1
pors ons. rlelails pert<lil1il1g to coll('cllon of contribulion and recovery of arrear". spttlell1fl"< j
of d"ime; :lnd dplaypd daims and ,lilY WOI k "ssignf>r! inchrding Resp"rc:h "lid DevrdotHllPt·
and /IIilY provide necessary n1ilteriill to the lIead Office for the periodiC'''' lIl::lrj'lzllle 0n
11\1;HINly basis 10 be tlllHled hy !=.081/1UJ havlnq repre~enl'ltion of Labour Dlv ls lo n.
Ao. After dlle defihet;lllon~ it W::lS decided that Zonal Omcesshall be rl:'sponslble to
ensure that the policies and instructiotls Issued by. the HeadOffic~ ::lre. expcuted In leIter
and st.1lr1t and sumlestthe short comings, the bottle~necks ::lndldentlrythe. weak areas and
recommend remedies by periodic inspection of perforrn;:lrlce of Field!Re~iollal Officps and
Ihn olfic:ers deployed therein.
41. lhey shall not have administrative relationship with the R()~lions but will be atlendinCj
to tho independent Inspection, Audit and MonltorinC! and shall give rllonthly evaluation
report to the authorised officers in the '·Iead Office.
-12 They will continUe to parform the existing duties of the Adjudicating Authority. The
Institution may adlust the manpower available 1t1cfudlnrj detlloyed In the existlnq Zone for
the newly proposed Inspection. Audit and MonitorinC/ Zonal Offices fwd /I1;lV develop th!!
t<!fIllS ot reterellce for the newly pronosnd office :15 tequired by the Institutiun.
dj RECONSIIIL/IIONOfTHE BOARD or mUSTEES OF E081.
43. The President apprised the BO::lni that the existing Board Is working for last seven
ye:-Jrs and the same is hOW due to be reconstituted. Steps h::lve heen taken to reconstitute
thp ":ltne :'IS provided 111 the lnw. He :1ppredated till" p""fonn:1nce of the BO:1rd and its
",,"ttihlllion in flfficiently ",,,n:1qillq Iha "If"irs of Ih" fllslitlllion. Mr Auwnr /\11 '~"ok""r
nxpr""sod 'h;lt "10 tIlIHH" "f tIJI" ,,,prpsgrl,,,r;on oJ 'he flll1ployer~ ;lt1d employep-" on tho
F1'l"td ,.f Tnlslf'P~ rn"y l'·' ex{Ptltlfld fOI OIlP It'or" (o rrn for thllir ""five' p;lf'icil',,'ioll ,,11(1
1'1
TIME
12 ' 3 o ;£I/IJ
PRESIDENT'S
INITIALS
PAGE NO.7) ('
--- r- -- --- --- --- ----.-.-.-HELD AT ON .. ·..1-·- TIME
12 :~ o prY)--I
rf?qlll~H prn!'10nr.e ~1I1rl Ib0 r.onlrihllfion 1ll;Jr/" in fhp effir.ipl1t \1110r1dnq of fill' RO;HrI.. MI. S.
R;1f'~~fUfl;1h supportod Mr.. Anwar Ali Khokhar ;1I1rl cxrrp'!'1sp.rl hls ;1prrnci;lfion for Ihe
nnrs onal Intereq! t;lllf?n hy Mr.. I\r!'1h;1d I'auvnnr. Mr N;1bi Af1l1lPd ;md o thnr Mf'ltlhp.r" of the
RO;l,d for their actlvoly partlclpattnq and regularly attending thn ;lff";r,, of the In~lHution and
qttggeqted !h:lt they may he gIven another tenure on the Board. 1 he Board unanImously
;J~lreed that the existing Members who are actively partlclpatlnu in the affairs of the
Institution may bn given chance Ior another term, subject to formal government approval.
p.) to coNSIDER oNE - WINOOW OPERATION:
44. The Board W;lS apprised that Government Is considering a one-window operation for
collection of 41 dlfferellt levies under varlous labour laws by 39 agencies. In order to
rHQp"re the Institution's comments, the Board constituted a GommiUee. consisting __ o!
Secretary, Labour Depnrtment, 51ndh, as COlwenor, Director Genornl (Oporallon). EOBI, Mr.
I\Ishad Tanveer,.l::mployers' Rapresentatlve Sindh <111d Mr. Nabi Ahmed, Employees'
Represent<ltive Sindll 35 Members and Sc crotarv. Board will perform the Job ;IS Secretariat
(0 the COllllnittee_ '1 he Conuntttoo will prcsflnl its brief fa the BO<1rd within one month from
the ";lte of Ihi5 Ineetillq. for consider<llion of Ihe FedN:11 Govo r nmo nt.
-15. The c onaultiuq Actuary thanked the memhers for illviting him to prnsnnt financi;ll
"'':pflet of tlw exi<dinq pplIsinn scheme "s well "5 /Jropospd progressive definite scheme
"pfor" Ihp Boar d. M<lfik Zahoor Anwar w"nted 10 know <'1S to whe'her the Instilulioll r.ould
i"nf?;lsp (h" pension within Ihe pxistillq condition'" of r:onfribution ;Jnd investment inr.ome
who n th", schnmn i'l beinn fin:JI,c0d only (i1l5% by Ihf> employers ;lnd Investment Income
therpfrom. The tl1",eting was informed Ih,,1 if the Government "rproved Ifw proposed
progressive d"finite sr.heme, the schP.lne will maintalu its fin"m:ial h"l"nce for the
projer.ted ljO yo ars and under the existing couditlorrs , the Scheme will uttlmatolv die out
"fter 20 yenrs. Mr. Nnhl I\hmed c ompnrorl the henefit!'1 undor the pxisting sr.hemp with th"t
of rropo~erl /Jrogms!:lve definite sr.hf'llle ;1I1rl dirl not find tht? s nmo encollr;-lgillg if some
c ontr lhutiou from the wndlt?rs is pnvis"(lpr!. I\t thi" priint of time, llle r,p!'1idelll infotrllPr!
p;Jrfklp:lllt'1 tI';-lt nll,,"r-r> Division ""!'1 SOI11P rpsr>rv",ti0nr. on: i) Itlfl"finn, ii) <:llIrr>ncy
"I
PRESIDENT'S
INITIALS
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EMPLOYEES' PAGE No. '7 7 /
OLD-AGE BENEFITS INSTITUTION
H E L D A T ON TIME
Ie, .,,\CJUrvllNUH ROOK 28 JUN 1999I c lr culatlon ;1I1d III) lis Irl1J1"d all w,,!f:1rP. of hhour fat,." :1~ r.omp:1rN! to nnV(lrllll1p.llt
snrvan!s. The proposed scheme is being considered hy Mr. Fas lh-ud-Dln, Chief
I::conomlstJAdvlsor, t=ItHlhce Division, Government of Paklstan and unless, thesp polnts rlre
~orled out, the scliellH~ will Hot be cleared for implementation. MtN due dlscllss;oh,ILw<1s
docldsd U1~LAlt1lt~WHtwJILbf! l1e.ld_dtlrinq thelst,Wel'!kot JUly 1999,wiUl Mr. Faslh-ud-Dltl,
Chlgf I::c°tllHtt 1M, In th(! office of Secretary, Labour.Manpower 8. Overseas f::i~lds.tatllg.
Governmen! of Pakishllt, Isl::ltnabad. Chairman EOBI, Sr.Joint SecretflrY (Labour], Flnanclal
Adviser, EOI3I and consulting I\ctuaries of Eost will discuss the obleclionslrp.setvallons of
Chief Economlst and prepare re commendatlons to the Finance Dlvlslon Ior earlv claarancs
of the Scheme.
~G. With the po rrrtls s lo n of t,hp. Chair, Mr. NabJ Al uned r:'!ised thp. point of anomnllv In
grant of survIvors' pension under the EOB I\ct·1976. \-Ie omphaslzod th:'!t the widows
should be gr:lnted survivors' pension in accordance with the entitlement of old-aqs pension
to tile ("~Ce:1!H!rf Insured rP.rson~ ;'IS if tlll'y were p.1l1i/lerl for it :1t the time of dp.;Jlh, Slncf', It
w"s :'! lp.g:11 1";111('(, the Board adopted the re s olution, as under, :ll1d direded Ih"l the matter
be examined by the Committee to resolve complaints, questions and disputes under
Section 35 of the EOB Act- 1976.
THE I::OB ACl·1976, IS I\. BENEFICIAL LEGISLATIoN wHICH IS ENACTED FOR IHE BENEriTs of PI':NSloN EMrLoYED IN INDUSTRIAL, COMMI':RCIAL AND o,PI::R ORGANIZ,", jlC)NS I\ND THI':IR SURVIVORS. TIll::: RENFEITS ARE TO 81=' CALCULATED IN ACCORDANCE WITH THE FORMULA I.E:
WAGES X NUMBI;B 01' YEI\RS OF INSURABLE EMPLOYMEN r 1)0
If IS GUilE CLEI\f~ ,ROM 111E I\BOVE FORMULA 1111\1 APARl n~OM WAGf':S lifE NUMBER OF YEARS OF EMrLOyMEN .I~ VERY VITAL rOR CALCULATiON or AMOUNT or PENSiON. "
AN I\NOMALY IS, HOWEVER, '. ".. " . ~ROVISION or SURVIVORS' PENSiON, wIIERr IN CI\SE OF DEA Til or rf.,j§//f"'ti J'l~~§bN 8EroRE ATT I\INING TfW AGE or 60 YFAn~, (,,5 YJ::A/lS IN CASE or woMJ\"l. TIll: SIIRVIVING SPOUSE IS ENTITLED ONLY TO M1NI~~UM PENSION lRJ1EsrECTIVE 0' I..ENG '" OF INSURAB1.E F:MrLOy~,.·tn. nils ANuMALY r;REI\TES DISPl\.ftlTY IN rur r~NTI'LFMENT or I\MOUNT OF rENSlot\J TO THE SURVIVING srnllSE OF rur. INSllnED n'RSON WH0 DIED RE['OJ1F A IT A1NI~"(~ AGF OF
'I
PRESIOENT'S
INITIALS
II ._----_...._--_ ... _.-~~
49 f-f"
PRESI[)FNT'S
INITIAL"
HELD AT
.-·!:ATC\-cUrr .-.. _....
60 YEARS (55 YEARS IN CASE OF WOMAN) AND AFTER ruxr I.E IFf WO INSURE rt=:nSONS DIED WITH 20 YEARS INSURABLE EMPLOyMI::NT EI\RNING WAGE or tlS.3000 TilE SURVIVING SPOilS!" wu.r. GFT rOLl.owING AMoUNT or t'ENS/ON:
A) IIA VING 60 YEARS or AGE RS 1200 PErl MaN ru 0) I/AVING U"SS THAN 60 YEARS or AGE RS_ 425 PER MoNTH
IT IS, THr::REFORE, REsoLVED TIIA r ruts ANOMI\LY BE REMOVED pAR nCULI\RLy WITI A VIEW TO MAINTAIN soun Y AND PROVIDE ADEQUA IE r1NI\NCII\L SUPPORT T SURVIVING WIDOWS AND ORPI/I\NS AS IT IS I\LSO RELIGIOUS OBUGA finN OF Til stATI:, oN WHoSl=, BEHALr THE INSTITUTiON IS CHEATED UNOER ARilCLE JnlC or ill COIJSTITUTloN or Tilt=: ISLAMIC REPlJl3UC or PJ\J<IS1I\N.
~5. Ther" h<:!/nq no aliter ilem for co,,~irf('r<1liol1. IIw l1le!?linq el1d"rl wilh '" vote of 111<1111<
10 tho Ch;1jr