Dec 6, 2023 1 min read

Change in Minimum wage for EOBI calculations

Article Navigation

Effective from 1 July 2023, the Employee’s Old Age Benefits Institution (EOBI) through notification no. ADLW 8(20)/ICT/2021-325 has amended the minimum wages for unskilled worker ordinance, 1961 from PKR 25,000 to PKR 32,000 monthly wage.

The Employer and Employee contribution will be PKR 1,600 and PKR 320 i.e., 5% and 1% of Minimum monthly wage respectively.

The amendment will apply to all employees after 1 July 2023.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

Mercans Recommends

View PDF

Pakistan – Change in Minimum wage for EOBI
Size

897.44 KB

Article Navigation

Most viewed posts

View all posts

Avasant Selects Mercans as a Leader in Payroll Business Process Tra...

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

Dec 22, 2023 4 min read

Global BPO Leader Infosys Selects Mercans’ Payroll Tech to Power i...

This partnership brings together Mercans' disruptive payroll tech and Infosys' consulting and BPO capabilities to create the most tech advanced and operationally resilient global payroll offering.

Sep 26, 2023 3 min read

Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read