PECO MD removed over alleged differences with board members

ISLAMABAD: The Ministry of Industries and Production (MOIP) has removed Mairaj Anees Ariff from the top slot of Pakistan Engineering Company Limited (PECO), it was learnt on Tuesday.

Sources in the ministry informed Pakistan Today that the PECO managing director has been removed from the top position of the state-owned subsidiary apparently because of his differences with the private board directors. They said that the ministry has already informed the Pakistan Stock Exchange and the Establishment Division about the removal of Mairaj Anees Arif.

The government would soon initiate the process of appointing a new managing director, sources said, adding that the new MD would be appointed after detailed consultations with the private board directors.

Despite repeated attempts by this scribe, Mairaj Anees Arif remained unavailable to comment.

- Advertisement -
Ahmad Ahmadani
The author is an investigative journalist. He can be reached at [email protected]
- Advertisement -

Must Read

PIA operates first Multan-Skardu flight to boost tourism

Pakistan International Airlines (PIA) on Sunday operated the first flight from Multan to Skardu. As per local media reports, the first flight left from Multan...