In Pakistan, all businesses that employ workers are required to register with the Employees’ Old-Age Benefits Institution (EOBI) and to make contributions to the social security program on behalf of their employees. This includes businesses of all sizes and types, from large corporations to small sole proprietorships.
Businesses are required to register their employees with EOBI and to make contributions to the program regardless of whether the employees are full-time, part-time, or temporary. Employers are also required to register any domestic workers they employ, such as maids or nannies.
Failure to register employees and make the required contributions can result in penalties and fines for the employer. It is important for businesses in Pakistan to comply with the requirements of the EOBI program in order to protect the financial security of their employees.