Besos: HBL to allocate shares to employees

HBL says it will be the first among other bankers of Pakistan to allocate 12 per cent share to its employees.

LAHORE: Habib Bank Limited (HBL) Officers Association President Raja Farooq has said that HBL will be the first among other banks of the country which will allocate 12 per cent shares to its employees under Benazir Employees Stock Option Scheme (BESOS) in a record time.

He said that in this connection the officers association had arranged a meeting with Federal Minister for Privatisation Naveed Qamar in the next week.

The bank has finalised all the arrangements in this regard and after the settlement of issues with the State Bank and finance ministry, the shares would be allocated to the employees as soon as possible.

Published in The Express Tribune, April 16^th,  2011.