By Moaaz Manzoor
ISLAMABAD, April 12 (Wealth Pakistan): The Employees’ Old-Age Benefits Institution’s (EOBI) investment portfolio reached Rs691.91 billion by February 28, 2026. Fixed-income instruments continued to dominate the fund’s asset mix and income generation, according to documents available with Wealth Pakistan.
Fixed-income assets dominate portfolio
The EOBI holds Rs592.12 billion in fixed-income assets. These account for 85.58% of the total portfolio. Pakistan Investment Bonds (PIBs) form the largest share at Rs540.35 billion. Accrued profit on PIBs stands at Rs49.61 billion, while corporate fixed income totals Rs2.16 billion.
This allocation reflects the institution’s focus on stable and predictable income streams. The strategy supports long-term pension liabilities.
Equity exposure remains limited
Equity investments form a smaller portion of the portfolio. Available-for-sale equity stands at Rs26.38 billion. Held-for-trading equity amounts to Rs14.86 billion.
Total equity holdings reach Rs41.24 billion. This represents 5.96% of the overall portfolio.
Real estate provides additional support
Real estate is the third major component of the investment base. Properties are valued at Rs42.36 billion. Real estate projects account for Rs16.20 billion.
Combined real estate exposure stands at Rs58.55 billion. This equals 8.46% of the total portfolio.
Income performance exceeds targets
The documents show strong income generation from these assets. For FY2025-26, total investment income is budgeted at Rs78.89 billion.
From July 2025 to February 2026, actual income reached Rs56.45 billion. The budgeted figure for the same period was Rs52.59 billion.
Fixed income leads earnings
Fixed-income investments generated the largest share of income. They produced Rs47.15 billion during July–February. The budget target for this segment was Rs45.39 billion.
Equity also contributed to earnings. Dividend income stood at Rs4.79 billion. Capital gains reached Rs3.75 billion. Total equity income came to Rs8.54 billion.
Real estate added steady returns. Rental income reached Rs764 million during the period. This matched the budgeted figure.
Receipts and expenditures overview
The receipts and expenditures statement provides further details. Total receipts from July 2025 to January 2026 stood at Rs96.68 billion. Budget estimates for the period were Rs99.00 billion.
Contribution revenues reached Rs48.61 billion. Investment income stood at Rs48.07 billion. This shows that investment returns now nearly match contribution inflows.
Total expenditures for the period came to Rs44.62 billion. Pension disbursements accounted for Rs42.01 billion.
Management expenses remained low. They stood at 1.40% of receipts, below the budgeted 2.22%.
Portfolio structure supports sustainability
The portfolio structure highlights the role of fixed-income assets in sustaining the fund. These investments generate most of the returns and support pension payments. Equity and real estate continue to play a supplementary role in overall performance.