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 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

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