Pakistan, June 25 -- The Government of Pakistan (GoP) has transferred back the entire shareholding of 200,057,318 ordinary PPL shares from the 'PPL Employees Empowerment Trust' formed under the 'Benazir Employees Stock Option Scheme (BESOS)' to the GoP.

PPL said the transfer was made pursuant to the decision of the Supreme Court of Pakistan in C.A No. 421 to 423 of 2018, C.A No. 19-K of 2019 and CP No. 852 of 2018. In a statement, PPL said that now GoP's direct shareholding in PPL has increased from 67.51% to 74.86%. As one of the largest exploration and production companies in Pakistan, PPL plays a pivotal role in exploring, prospecting, developing, and producing oil and natural gas resources.

The GOP launched BESOS on August 14, 2009....