Key Takeaways
- Humaira Zia Mufti has been appointed as Ex-Officio Director/Chairman of Pakistan Engineering Company (PECO).
- The appointment is to represent the Government of Pakistan on the PECO Board.
- PECO, a publicly listed company, was established in 1950 and later renamed in 1972.
Humaira Zia Mufti has been appointed as Ex-Officio Director/Chairman of Pakistan Engineering Company (PECO) with immediate effect to represent the Government of Pakistan on the PECO Board, according to a notification issued by the Secretary, Ministry of Industries and Production.
The appointment was announced in a notice to the Pakistan Stock Exchange today. PECO is described as a publicly listed company primarily involved in the manufacturing and sale of engineering products.
PECO was established in 1950 under the name Batala Engineering Company (BECO) before being renamed in 1972 after it was taken over by the government as part of nationalisation reforms. The company’s manufacturing plant, originally located in Badami Bagh, Lahore, was later relocated to the Kot Lakhpat industrial zone in 2002.
Mufti's appointment is significant given her role at the Ministry of Industries and Production where she serves as Additional Secretary (AS-I). Her experience will be crucial for guiding PECO’s strategic direction and ensuring alignment with government policies.
PECO plays a vital role in Pakistan’s engineering sector, contributing to the country’s industrial growth. The appointment underscores the government's commitment to overseeing key state-owned enterprises through experienced professionals.
