Ittefaq Group

Ittefaq Group
Type Steel and Metallurgy
Industry Material science and Metallurgical Engineering
Genre Commercial
Public
Founded 1939
Founder(s) Muhammad Sharif
Headquarters Lahore, Pakistan
Key people Nawaz Sharif
Products Hot rolled Products
Billets
Cold-rolled Products
Galvanised Products
Electronic materials
Services Production of Iron and Steel
Owner(s) Ittefaq Family

The Ittefaq Group of Industries, (English The Unity), is a multimillion dollar integrated steel producer with major operations in Punjab Province of Pakistan.[1] This steel mill was founded and established by renowned industrialist Muhammad Sharif, father of two times Prime minister Nawaz Sharif.[1]

Muhammad Sharif along with his six brothers, established a foundry in 1939.[2] In 1972, Prime Minister Zulfikar Ali Bhutto nationalized the steel industry, including the Ittefaq family business — Ittefaq Group.[2] In 1980, General Mohammad Zia ul-Haq returned the business after developing political links with the Sharifs.[2]

During the 1980s and 1990s, Ittefaq Group expanded from a single foundry to 30 businesses which produced steel, sugar, paper, and textiles.[2] Its annual revenues were estimated at $400 million.[2]

See also

Ittefaq Hospital

References