Impact Of Nationalization On BECO And Pakistan Economic Development

Little known history of CM Latif and Batala Engineering Company (BECO), Lahore.

Ramblings of a Pakistani Woman.

There had been many times in Pakistan’s history when stupid decisions were taken by the government. Nationalization in Bhutto’s era was one of those decisions. 22 Families lost everything that they had worked  for all their lives. BECO (Batala Engineering Company) is one such example.

Late Chaudhry Mohammad Latif was the founder and chairman of the Batala Engineering Company (BECO). After attending a meeting of leading Muslims in Batala, who wanted to establish Muslim industries in the face of Hindu dominance of retail, that he struck upon the idea of forming BECO.The company was established in 1932. , He sold its first 10 shares to a lime merchant for Rs 10. In the early years, he worked almost single-handedly to build up the company from its first workshop in two rooms and a veranda. Over the course of the next forty years, and in spite of losing much of his business…

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