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Secretary HRD orders completion of EOBI's housing project.

LAHORE -- Federal Secretary, Ministry of Human Resource Development (HRD) Muhammad Ahsan has issued directions to complete the Employees Old Age Benefits Institution's hotel project before July 2014.

According to a press release, Muhammad Ahsan visited the project site on Sunday.

Chairman EOBI, Zafar Iqbal Gondal and Pakistan Real Estate Investment and Management Company (PRIMACO) officials welcomed him at the Project Site.

To earn the maximum yield on the funds generated through collection of contributions, EOBI has formed a company, namely Pakistan Real Estate Investment and Management Company, which is managing the construction of this mega project.

It merits mentioning here that EOBI collects contributions from employers and employees and pays pensions to the millions of workers by generating income from investments in government securities, equities and Real Estates.
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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Geographic Code:9PAKI
Date:Oct 22, 2012
Words:128
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