Top Qs
Timeline
Chat
Perspective
Siemens Pakistan
Pakistani subsidiary of Siemens From Wikipedia, the free encyclopedia
Remove ads
Siemens (Pakistan) Engineering Company Limited is a Pakistani engineering services company headquartered in Karachi.[3] It is a subsidiary of Siemens AG.
 | This article needs to be updated. (April 2025) |
Active since 1953, Siemens Pakistan is one of the largest providers of engineering services and management in the country, with overseeing ongoing projects in healthcare, defence development, energy,[4] telecommunications, computer expansion and heavy construction management.[5]
Remove ads
History
Summarize
Perspective
Siemens presence in the region dates back to 1870 with the construction of the Indo-European telegraph line from London to Calcutta. Siemens established its first office in the area now known as Pakistan in 1922.[6][7]
In 1952, Siemens formed a joint venture with the Government of Pakistan to establish the Telephone Industries of Pakistan (TIP), a telephone equipment manufacturing company, with 30 percent stake.[8][9] TIP produced rotary telephones branded with "TIP" on their dials, which were commonly used in many Pakistani households during the 1990s and earlier.[8] These telephones were manufactured at the TIP facility in Haripur, which was established with Siemens' assistance.[8] Siemens formally incorporated its subsidiary in Pakistan as a private limited company in 1953, and later reorganized as a public limited company in 1963.[6] When founded, Siemens Pakistan was originally focused on providing the network of communications, but its role in the energy sector has grown since 1987.[6][10][11]
In July 1978, Siemens was listed on the Karachi Stock Exchange.[8][12]
In 1997, Siemens established awards for engineering students across Pakistani universities and a three-year apprenticeship course for students in Karachi.[6]
By 2002, over 50 percent of telephone networks in Pakistan were using Siemens Pakistan's EWSD technology.[13]
In 2005, Siemens acquired Carrier Telephone Industries from PTCL under the privatization scheme of the Government of Pakistan.[14][15]
In 2008, Siemens Pakistan expanded its operations to Afghanistan after acquiring the local assets from Siemens India.[16]
In April 2015, Siemens sold its distribution transformer manufacturing business along with assets of land and building in Sindh Industrial and Trading Estate for $32 million.[17][18] In August 2015, Siemens Pakistan decided to transfer its healthcare business sector to a private limited company headquartered in Lahore, Pakistan.[19] In December 2015, healthcare business ownership was transferred to the German company Siemens Healthcare.[20] During the same period, it closed down its diesel-generating sets business and non-standard motor business segments.[16]
In October 2024, Siemens Pakistan further reduced its operations in Pakistan and sold its energy business to Siemens Gamesa for PKR 17.8 billion.[21]
Remove ads
Services
Management
CEOs
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads