GO announces up to 50% salary raise for employees

News Image

MG News | January 31, 2022 at 05:06 PM GMT+05:00

0:00

January 31, 2022: Gas & Oil Pakistan Limited (GO), Pakistan’s fastest-growing oil marketing company has announced that it has decided to increase the salaries of its employees by up to 50%.

Making the announcement, CEO, Mr. Khalid Riaz stated that “GO is the fastest-growing oil marketing company and as a responsible corporate citizen, and in response to the appeal by Prime Minister Imran Khan, we are implementing a revised salary structure that will involve increases of up to 50%. We are not only covering our own employees but will also ensure that our dealer partners and contractors do the same, a move that will impact more than 20,000 frontline workers.”  
 
As a result of the initiative, it is expected that all the frontline workers associated with the company whether as direct employees or through contractors, will earn at least Rs. 30,000 per month. The company will bear the incremental costs of this revision. The company will also work with its dealer partners to ensure that the initiative is cascaded throughout the GO retail network. We expect this initiative to result in higher earnings for more than 100,000 people.  
 
GO operates more than 950 retail outlets and has the 2nd largest upcountry storage network. The company also has the largest network of Company Owned Company Operated (COCO) retail outlets in the country with a presence on M4 and M5 Motorways.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 168,574.69
656.55M
-0.52%
-877.17
ALLSHR 102,171.28
1,286.73M
-0.37%
-383.53
KSE30 51,175.35
148.55M
-0.55%
-285.30
KMI30 242,103.96
144.37M
-0.49%
-1186.31
KMIALLSHR 66,703.76
555.89M
-0.35%
-232.12
BKTi 45,175.98
30.92M
-0.59%
-266.36
OGTi 33,498.14
16.43M
0.45%
149.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 91,295.00 92,800.00
89,440.00
-1490.00
-1.61%
BRENT CRUDE 61.07 62.63
60.77
-1.14
-1.83%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
0.95
1.06%
ROTTERDAM COAL MONTHLY 96.50 96.50
96.40
0.25
0.26%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 57.38 58.94
57.01
-1.08
-1.85%
SUGAR #11 WORLD 14.86 14.99
14.82
-0.05
-0.34%

Chart of the Day


Latest News
December 11, 2025 at 08:42 PM GMT+05:00

SBP reserves rise to $14.59bn in a week


December 11, 2025 at 05:23 PM GMT+05:00

PQFTL projects strong growth, eyes Rs23


December 11, 2025 at 05:11 PM GMT+05:00

SECP issues ESG guidelines aligned with Pakistan Green Taxonomy


December 11, 2025 at 04:46 PM GMT+05:00

Car sales rise 52% in November 2025



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg