Where a company is engaged in an industrial undertaking and meets the following conditions, then that company, within nine months of the year end, must establish a Workers' Profit Participation Fund (WPPF), and must pay 5% of its profits into the fund.
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•ÌýÌýÌýÌý Balochistan: The Companies Profits (Workers Participation) Act 1968, s 3
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•ÌýÌýÌýÌý Sindh: The Sindh Companies Profits (Workers' Participation) Act 2015, s 3
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•ÌýÌýÌýÌý Punjab: The Companies Profits (Workers Participation) Act 1968, s 3
The conditions for the fund are as follows:
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•ÌýÌýÌýÌý the number of employees at any time during the year is 50 or more, or
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•ÌýÌýÌýÌý the paid-up capital of the company on the last day of its accounting year is PKR 2,000,000 or more, or
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•ÌýÌýÌýÌý the cost of fixed assets on the last
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Web page updated on 28 Aug 2024 12:12