Chief Financial Officer (CFO)

About This Job

Peshawar Electric Supply Company (PESCO), the public-sector power distribution utility operating under the Ministry of Energy's Power Division, has advertised a single vacancy for the C-level position of Chief Financial Officer (CFO) at its head office in Peshawar. The post is being filled on a contract basis with an initial term of three years, as PESCO looks for an exceptional and results-oriented finance professional capable of managing the Company's operations with strong leadership, sound change-management skills, and a well-established reputation for integrity and credibility. The selected CFO will report directly to the Chief Executive Officer and will be expected to demonstrate strong team-building ability, a deep understanding of the economic, business, social, legislative, political and regulatory environment PESCO operates within, and sound knowledge of national and international best practices relevant to the power utility business.

Applicants must be members of an organized body of professional accountants and must hold a minimum of 15 years of post-qualification relevant experience, including at least three years in a senior management position; for public-sector candidates this senior-management threshold is defined as service in BS-19 or an equivalent position, whether on a substantive, additional-charge, acting, current-charge or look-after basis, or upgraded to BS-19 or above, while private-sector applicants must demonstrate experience at the C-level or C-1 tier. Candidates are expected to bring broad knowledge of finance, investment and treasury operations, high-level skills in financial management, strategic planning and risk management, and strong familiarity with the regulatory requirements and compliance issues affecting the electric power sector, along with excellent verbal and written communication skills. The upper age limit for the post is 57 years, candidates must be Pakistani citizens who meet the Fit and Proper Criteria laid out in the State-Owned Enterprises (Governance and Operations) Act, 2023, any foreign academic qualification must be supported by an HEC equivalence certificate, and government servants who are currently serving must apply through the proper departmental channel and resign from their existing post if selected.

Interested candidates should download the prescribed application form and declaration from PESCO's official website, www.pesco.com.pk, and submit it together with a detailed CV, two recent passport-size photographs, HEC/professional-body-attested copies of degrees and testimonials, attested CNIC and experience documents, and two work references plus two personal references, to the Company Secretary, PESCO, Room No. 158, PESCO Headquarters, WAPDA House, Shami Road, Peshawar, by registered post or courier only; candidates applying from abroad may instead email their application to sec.pesco@gmail.com. No application fee is mentioned in the advertisement. All applications must reach PESCO by the closing date of 7 September 2026, after which only shortlisted candidates will be contacted for an interview, with no TA/DA admissible, so qualified finance professionals are encouraged to prepare and dispatch their complete application well ahead of the deadline.

Job Information

Commission / Board

PESCO

Place of posting

PESCO Head Office, WAPDA House, Shami Road, Peshawar

City

Peshawar

Postal Code

25000

Domicile

All Punjab Basis

Age (Male)

18–57 years

Age (Female)

18–57 years

Age note

Upper age limit of 57 years

Salary / BPS

Market-competitive compensation package (contract basis, as per PESCO policy - exact figure not disclosed in advertisement)

Contract duration

Initial term of 3 years

Advt. No.

DGPR-32/26-27

Sr. No.

1

Last date

7 September 2026

Qualification Required

• Qualification:Member of an organized body of professional accountants (e.g. ICAP/ICMA/ACCA/equivalent), with a minimum of 15 years' post-qualification relevant experience, including at least 3 years in a senior management position.
• Experience:Broad knowledge and experience of finance, investments and treasury operations; high-level skills in financial management, strategic planning, risk management, investments, treasury operations and analytical work; high-level familiarity with regulatory requirements and compliance issues of the electric power sector. Senior management experience defined as: Public sector - BS-19 or equivalent (substantive, additional charge, acting, current charge, look-after basis, or upgraded to BS-19 or above); Private sector - C-level or C-1 experience.

Posts Breakdown

Test / Selection Process

How to Apply

1. Download the Application Form and Declaration from PESCO's website, www.pesco.com.pk.
2. Complete the form for the post of 'Chief Financial Officer' and attach a detailed CV with two recent passport-size photographs, HEC/professional-body-attested copies of degrees and testimonials, attested CNIC and experience documents, and two work references plus two personal references.
3. Submit a declaration on non-judicial stamp paper, attested by an Oath Commissioner, affirming eligibility under the Companies Act 2017, the State-Owned Enterprises (Governance and Operations) Act 2023, and the State-Owned Enterprises (Ownership & Management) Policy 2023.
4. Send the complete application set by registered post or courier addressed to the Company Secretary, PESCO, Room No. 158, PESCO HQ, WAPDA House, Shami Road, Peshawar, mentioning the post applied for at the top of the cover letter, to reach PESCO on or before 7 September 2026 - candidates applying from abroad may instead email the application to sec.pesco@gmail.com.
5. Candidates applying for more than one post must submit separate applications for each.
6. Candidates currently serving in government should apply through the proper channel and will be required to resign from their current job/civil service upon selection.
7. Only shortlisted candidates will be called for interview; no TA/DA is admissible.

Additional Details

Term

Initial term of 3 years

Advt Ref

DGPR-32/26-27

Reports To

Chief Executive Officer, PESCO

Contact Email

sec.pesco@gmail.com

Eligibility Note

Candidates must be Pakistani citizens. PESCO reserves the right to disqualify a candidate at any stage for insufficient/misleading information, with costs recovered from the candidate. PESCO also reserves the right to abandon/cancel the hiring process at any stage without assigning any reason.

Fit And Proper Note

Candidates must comply with the Fit and Proper Criteria under the State-Owned Enterprises (Governance and Operations) Act, 2023.

Abroad Applicants Note

Candidates applying from abroad may send their application via email to sec.pesco@gmail.com; all other applicants must apply by registered post/courier only.

Foreign Qualification Note

Applicants with foreign academic qualifications must furnish an HEC equivalence certificate.

Senior Management Definition

Public sector: BS-19 or equivalent (substantive/additional charge/acting/current charge/look-after/upgraded). Private sector: C-level or C-1 experience.

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