PAKISTAN
Pakistan Engineering Company Ltd. (PECO) has appointed Abdul Shabbir Khan Khattak as its new Managing Director (MD), following his posting by the Ministry of Industries and Production.
The company announced the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, “Abdul Shabbir Khan Khattak is posted/appointed as MD of PECO through the Ministry of Industries and Production (MoIP) letter no. 1(1)/2022-LED-III dated 07-11-2025.”
The Board of Directors of PECO, in its 228th meeting held on 22-11-2025, ratified the appointment in accordance with Section 188 of the Companies Act, 2017, read with Section 183 of the Companies Act, 2017, and the Listed Companies Regulations, 2019.
Prior to this appointment, Khattak served as Joint Secretary (A&F) in the Industries and Production Division. His appointment as PECO’s MD took immediate effect.
Founded in 1950 under the name Batala Engineering Company (BECO), PECO initially produced light engineering products. Over the years, the company expanded its portfolio to include high-quality machine tools, pumps, power looms, concrete mixers, cranes, power presses, electric motors, bicycles, steel rolled products, electricity transmission towers, and various structural and fabrication works.
The company’s first plant was established at Badami Bagh, Lahore, on 34 acres of land. The neighboring area later became part of Pakistan’s steel industry hub. As the company diversified its product lines, the original land became insufficient for expansion, prompting the acquisition of 247 acres in 1960 at Kot Lakhpat Industrial Zone, Lahore, to accommodate future factory premises.
Following government nationalisation reforms in 1972, the company was renamed Pakistan Engineering Company (PECO), marking a new chapter in its long-standing history of engineering excellence.
– ER News Desk
READ MORE
Power Division Signs IFC Deal for 10 Million Smart Meters Rollout
ENERGY The Ministry of Energy (Power Division) has signed a Transaction Advisory Services Agreement (TASA)…
Chashma Sugar Mills Initiates Plant Modernization at D.I. Khan Unit
MARKETS Chashma Sugar Mills Limited has commenced the modernization of its plant and machinery at…
Matco Foods to Raise Funds via Rights Issue, Divest Business Unit
MARKETS Matco Foods Limited has announced plans to subscribe to a rights issue of its…
FPCCI Warns of Deepening Energy Crisis, Urges Immediate Industrial Relief
ENERGY The Federation of Pakistan Chambers of Commerce and Industry on Wednesday raised alarm over…
Pakistan Market: Technical Outlook Today
KSE-100: Upside likely SHARE MARKET April 17: The KSE-100 index extended the gain to close…
President Zardari Orders Fast-Tracking of Small Dams, Recharge Wells, Storage Projects
WATER RESOURCES President Asif Ali Zardari chaired a meeting on water resources management at Aiwan-e-Sadr…

