ISLAMABAD: Federal Minister for Petroleum, Natural Resources and Privatisation Syed Naveed Qamar will distribute Shares Unit Certificates among the regular and contractual employees of Pakistan State oil (PSO) and Oil & Gas Development Company Limited (OGDCL) at Kemari, Karachi and OGDCL Oilfields, Tando Alam on December 4 and 5 respectively.
According to a statement of the Privatisation Commission, this step has been taken in order to implement the Benazir Employees Stock Option Scheme (BESOS) in State Owned Enterprises (SOEs) to extend the benefits to the eligible employees free of cost for 12 per cent Government of Pakistan (GoP) shares of the privatised or non-privatised entities, employees having at least five years of service are eligible for the unit certificates.
