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One of the most pragmatic ways to increase efficiency and productivity is
to make the employees as shareholders in the profit and management of the
organizations.
President Asif Ali Zardari said this during a meeting on the empowerment of
the employees of the State owned entities (SOEs) in the Presidency today.
Spokesperson to the President former Senator Farhatullah Babar quoted the
President as saying “Incentive driven management of entities motivates the
workforce to do more and produce more,”.
The President said that worker’s participation not only enhanced growth but
also ensured protection and security of the assets as they had direct stakes
in the viability and profitability of the entities in which they were also the
shareholders.
Giving briefing the Federal Minister for Privatisation Syed Naveed Qamar said
that a total of 86 entities had been identified under the scheme in which
workers will be made shareholder. These included 16 listed and 33 unlisted
public companies, 23 private companies and 14 entities established under
Special Act and Ordinances.
Syed Naveed Qamar said that initially the workers would be given 12 percent of
the government shares in the entities which will be increased furtherin the
future.
The meeting was attended by Mian Manzoor Ahmed Watto, Minsiter for Industries
& Production, Syed Naveed Qamar, Minister for Privatisation, Haji Ghulam Ahmed
Bilour, Minister for Railways, Raja Pervaiz Ashraf, Minister for Water &
Power, Mr. M Salman Faruqui, Secretary General to the President and senior
government officials of relevant ministries.