Pakistan Engineering Company Limited (Pakistan)

Incorporated in year 1951, four years after the independence of Pakistan in 1947. Setup by an entrepreneur migrated from India and was the first steel engineering company listed on the stock exchanges of the country in the name of Batala Engineering Company (BECO). Within a period of fifteen years it became leader in light engineering goods manufacturing with European & American technical collaboration and their engineers to produce High Quality Machine Tools, Pumps, Power Looms, Concrete Mixers, Cranes, Power Presses, Electric Motors, Bicycles, Steel Rolled Products, Electricity Transmission Towers, Structure and General Fabrication.
In the year 2003, the Corporate Structure of the company was changed, as some portion of the Government shares was off loaded through stock exchanges to have a Private – Public partnership in order to manage the company operations in more efficient manner. Thus private shareholding increased to 67% and Government Share holding 33%. The private share holders elected directors therefore got effective role, which has resulted in efficiency in all areas, and reduced interference in day to day working and decisions. The plan was successful and the company has turned around, and is not only earning profits, but also continuously improving its profitability and financial health. The shareholders are being paid cash dividend much higher than bank rates. The market price of its share is now highest in the engineering sector companies.
The company is also studying to add new product lines, such as Electricity Distribution Transformers, Submersible Electric Motors, High Precision Castings & Forgings for Auto Sector.