Corporate Performance & Planning

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.

Pakistan Steel An
Introduction
for the construction of a coastal-based
Debates over the manufacturing process,
supply sources of the requisite machinery
and raw materials, plant site, domestic ore
versus imported ore, ownership pattern,
product-mix and above all, foreign
financing credits, kept the project
simmering over a period of two decades.
The need to establish a Steel industry in
order to provide base for industrialization
of the country had been felt ever since
inception of Pakistan in
August 14,1947 by all successive
Governments .........In 1968 Government of
Pakistan decided that the Karachi Steel
Project should be sponsored in the public
sector, for which a separate Corporation,
under the Companies Act, be formed. In
pursuance of this decision, Pakistan Steel
Mills Corporation Limited was incorporated
as a private limited company to establish
and run steel Mills at Karachi. Pakistan
Steel Mills Corporation concluded an
agreement with V/o Tyaz prom export of
then USSR in January, 1969 for the
preparation of feasibility report for the
establishment of a coastal based
integrated steel mill at Karachi.
In January 1971 Pakistan and the USSR
signed an agreement under which the later
agreed to provide techno-financial
assistance

integrated Steel Mills at Karachi. The

foundation stone of this vital and gigantic
project was laid on 30th December, 1973 by
the then Prime Minister of Pakistan. The
mammoth construction and erection work of
an integrated Steel Mills, never experienced
before in the country, was carried out by a
consortium of Pakistani construction
companies under the overall supervision of
Soviet Experts.
PAKISTAN STEEL did not only have to
construct the main production units but a
host of infrastructure facilities involving
unprecedented volumes of work and
expertise. Component units of the Steel Mills
numbering over twenty and each a big
enough factory in its own right were
commissioned as they were completed
between 1981 to 1985 with Coke Oven and
by-Product Plant coming on stream the first
and the Galvanizing Unit the last.
Commissioning of Blast Furnace No.1 on
14th August, 1981 marked Pakistan's entry
into the elite club of iron and steel producing
nations. The project was completed at a
capital cost of Rs.24,700 million. The
completion of the Steel Mills was formally
launched by the then President of Pakistan
on 15th January, 1985. PAKISTAN STEEL
today is the country's largest industrial
under-taking having production capacity of
1.1 million tones of steel.

an Steel Ex-Employees Association of North Ameri

Pakistan Steel An Introduction

SOCIAL OBLIGATIONS

The Quaid-E-Azam Park, The Quaid-I-Azam

Cricket Park and the Quaid-I-Azam Beach. The
Quaid-E-Azam Park which spreads over an
area of 45 acres, consists of series of six
inter-connected lakes, lush green lawns and
grassy terraces, colorful flower beds,
fountains, life size steel-made models of wild
and marine animals, jogging track, birds
sanctuary and mini zoo, apart from children's
playing and recreational ground and boating
facilities. The other unique project, known as
Quaid-I-Azam Cricket Park has been
established amidst the picturesque
surroundings in Steel Town, Slanty grassy
terraces all around for spectators and
diagonally located four hillocks with seating
arrangements to provide panoramic view of
the game. this is spread over an area of
32000 sq meters and is equipped with all the
necessary facilities of international standard.
The third project Quaid-I-Azam Beach is being
developed with the aim to provide a seaside
recreational spot to the employees of
PAKISTAN STEEL, specially those residing at
Steel Town and Gulshan-e-Hadeed.

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.

PAKISTAN STEEL is also on its way to

establish Quaid-I-Azam National Park over a
vast area of 400 acres, adjacent to Steel
Town which shall be a tremendous
contribution in the development of
environment.

LOCATION AND SITE

PAKISTAN STEEL is located at a
distance of 40 km South East of
Karachi at Bin Qasim in close vicinity
of Port Muhammad Bin Qasim. It was
found to be an ecologically preferable
location, alongside a tidal creek and
having wind direction away from the
city of Karachi.
PAKISTAN STEEL is spread over an
area of 18,660 acres (about 29 square
miles) including 10,390 acres for the
main plant, 8070 acres for township
and 200 acres for 110 MG water
reservoir. In addition it has leasehold
rights over an area of 7520 acres for
the quarries of limestone and
dolomite in Makli and Jhimpir areas of
district Thatta.

an Steel Ex-Employees Association of North Ameri

HISTORY &
BACKGROUND

MANAGEMENT

PRODUCTS

POSITION &
COMPETITORS

SUCCESS &
FALIURE

FINANCIAL
STATEMENT