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Pakistan Steel Mills - An Introduction
Pakistan Steel Mills - An Introduction
The engineering goods industry is recognized world over as most critical for the development of a self reliant and vibrant economy. This industry, however, depends heavily on basic metals, specially Iron & Steel as resource inputs. The Iron & Steel industry, therefore holds the key for sustained growth of the engineering sector and hence for development of the economy as a whole. The importance of the national assets such as PAKISTAN STEEL, which is determined on its strength and ability to sustain the national growth rate, need not be emphasized. If one desires to find out what PAKISTAN STEEL has done for the country, one will have to venture back in time, into the early 70's when PAKISTAN STEEL was only a dream on paper. By that time non-existence of an iron and steel making plant had shown its adverse effects on the industrial and economic development of the country which continued to suffer various set backs because of dependence on import of iron and steel products. A stage had reached when it was realized that the import bill to meet the requirements of steel could not be supported indefinitely. In fact the idea of setting up of a steel mill in the country had been cooking over the red hot coals of controversy since the introduction of the first five year plan (1955-60) which laid emphasis on the domestic production of iron and steel.
SOCIAL OBLIGATIONS
PAKISTAN STEEL besides its core activities, has done a lot in making the environment in and around PAKISTAN STEEL green and beautiful through addition of three unique projects.