Islamabad, December 10, 2012 (PPI-OT): “We will try our level best to speed up the process of privatization on a positive note so as to achieve maximum benefit out of it in the shortest possible time”. This was stated by the Federal Minister for Privatisation Jam Muhammad Yousaf, while chairing his maiden briefing in the Privatisation Commission today. Secretary for Privatisation Amjad Ali Khan briefed the Minister regarding the process of privatization, privatization program and the special initiative of the present government ‘Benazir Employees Stock Option Scheme (BESOS).
Minister of State for Privatisation Saeed Ullah Mandukhel was also present in the briefing. The Minister stated further, “we will try to sit seriously with interested entrepreneurs to keep on the process of privatization of those public sector organizations which are burden on the national kitty.
Regarding the implementation status of BESOS, the Minister was briefed that dividend amounting to Rs. 6 billion (approx) has been received by Trusts of 11 entities; 50% dividend amounting to Rs. 3 billion has been received in Central Revolving Fund (CFR), maintained by the Privatisation Commission, 50% dividend amounting to Rs. 3 billion has been distributed among 25,505 employees.
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