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Government of Pakistan is strictly following a comprehensive welfare policy
for the workers/employees of the privatised industrial units. All off loaded
workers are being given Golden Hand Shake and those who continue to be in
service after privatisation, they are offered 10% shares of the Company at
discounted rates.
In the case of Kohat Cement Company Limited (KCCL), 245 workers/employees were
given Golden Hand Shake. The remaining 450 workers/employees have been
allocated 10% shares of KCCL (11,28,000 shares) at 50% discount from the
existing market value. These shares have been transferred to CDC Account of
Kohat Cement Employees Trust. The workers are informed to approach the Trust
to collect the shares. The Trustees include: 1. Ijaz Ahmed Joint Manager
(Finance), 2. Sher Muhammad President (CBA), 3. Muhammad Qasim General
Secretary (CBA), 4. Lal Badshah Secretary Information (CBA) 5. Zulfiqar Ahmed
Heavy Duty Operator and 6. Tabibullah Assistant Foreman.
All the entitled workers/employees have been advised to collect their shares
immediately. With this announcement Privatisation Commission is no more
responsible for the above stated retained shares for the entitled workers of
KCCL.