Company type | Public |
---|---|
PSX: PECO | |
Industry | Engineering |
Founded | 1932[1] |
Founder | CM Latif[2] |
Headquarters | Lahore, Pakistan |
Revenue | Rs. 1.424 billion (US$4.9 million) (2018) |
Rs. −81.414 million (US$−280,000) (2018) | |
Rs. −69.956 million (US$−240,000) (2018) | |
Total assets | Rs. 15.968 billion (US$55 million) (2018) |
Total equity | Rs. 13.667 billion (US$47 million) (2018) |
Owner | State Engineering Company (24.88%) Rotocast Engineering Company (24.50%) |
Number of employees | 395 (2018) |
Website | peco |
Footnotes / references Financials as of 30 June 2018[update] [3] |
Pakistan Engineering Company (PECO), formerly known as Batala Engineering Company (BECO) is a Pakistani engineering company based in Lahore. It was established by Chaudhry Mohammad Latif Arain in Batala, East Punjab, British India in 1932 and moved to Lahore, Pakistan after partition. The company was named as Batala Engineering Company Ltd after the name of Latif’s hometown.