During the the federal cabinet meeting held under the chairmanship of Prime Minister Shehbaz Sharif, the decision has been taken on the recommendation of the Ministry of Overseas Pakistanis and Human Resource Development, state-run Associated Press of Pakistan reported.

This increase will be funded from the institution’s own resources.

The PM minister directed the formation of a cabinet committee to introduce institutional reforms in EOBI.

The committee will also deliberate on proposals to extend old-age benefits to the informal labor sector, including domestic workers, agricultural laborers, and other marginalized employment categories that have been previously overlooked.

These reforms aim to ensure that workers in these neglected sectors receive their due rights.

The meeting also approved the initiation of necessary legal procedures regarding the draft of the Sea Carriage Shipping Documents Bill, 2025, on the recommendation of the Ministry of Maritime Affairs.

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It approved a five-year extension of exemption on the import of anti-cancer, cardiac, and life-saving drugs used in hospitals and related healthcare institutions.

These medicines are considered vital for saving human lives, and the exemption is intended to ensure their prompt availability.

These medicines will be available only in hospitals and authorized institutions, with a ban on open market sales. Import of these medicines will require prior approval from the relevant licensing authority.

Moreover, it also endorsed the decisions made in the meetings of the Cabinet Committee on Legislative Cases held on July 2, 2025, and July 3, 2025.