All private companies will be obliged to distribute 5% of profits on workers welfare.

LAHORE -- Punjab Governor Chaudhry Sarwar has formally approved the Workers Participation Amendment Ordinance 2020.

Now all private limited companies will be obliged to distribute 5 percent of their annual profits to the workers.

The government has taken a major decision regarding the welfare of the employees of private limited companies.

According to the ordinance, all private limited companies will be required to distribute 5...