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Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private employees.
EOBI operates on the partially funded basis. The insured person as well as the employer of the insured person are supposed to make contribution to EOBI during the period of insurable employment. Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages.
However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
The National Database & Registration Authority (NADRA) (Urdu: قومی مقتدرہِ اندراجات و معطیات) is an independent and autonomous agency under the control of the Interior Secretary of Pakistan that regulates Government Databases and statistically manages the sensitive registration database of all the National Citizens of Pakistan.
The Government of the Punjab (Punjabi, Urdu: حکومت پنجاب) is the provincial government of the Pakistani province of the Punjab. It is based in Lahore , the provincial capital. Its powers and structure are set out in the provisions of the Constitution , in which 41 districts come under its authority and jurisdiction.
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
The Punjab Public Service Commission, established in April 1937, is the oldest Provincial Public Service Commission in Pakistan. It was established under the Punjab Public Service Commission Ordinance, of 1978. It functions in accordance with the ambit of the Punjab Public Service Commission Ordinance, 1978, and Punjab Public Service Commission ...
The Punjab Printing and Stationery Press is an attached organization. It provides printing and binding services to government organizations and has two presses: [ 3 ] Government Printing Press, Lahore was established in 1878.