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A meeting of the members of the Board of the Privatisation Commission (PC),
which met under the chairmanship of Syed Naveed Qamar Federal Minister for
Privatisation here today, decided to implement the empowerment of the
employees of the State Owned Entities (SOEs) Program through Benazir Employees
Stock Option Scheme (BESOS).
A presentation was made before the board and various options were discussed
and it was decided that procedural implications of the scheme should be
invited from all respective Ministries/ Departments within a week time, as the
government intends to launch this scheme for the benefit of the workers of the
SOEs at the earliest. Commenting on the presentation Syed Naveed Qamar Federal
Minister for Privatisation directed to further simplify the scheme to transmit
its benefits without any further delay and to make it a success. The scheme is
expected to benefit around 500,000 employees of 86 entities.
The PC Board was apprised regarding the progress of the remaining land issue
with the Pakistan Telecommunication Company Limited (PTCL) and it was informed
that it is expected that an agreement will be reached soon both with the
Punjab and Sindh provincial governments in this regard. The Minister directed
to expedite the matter in a week’s time.
The meeting also reviewed the status of the appointment of Technical Advisor
for improvement of the financial services of the Pakistan Post and the
progress of the Transaction Committee for the SME Bank.
Mr. Ahmed Jawad Secretary Privatisation, PC Board members and senior officials
of the respective ministries/ department were present during the meeting.