Genre CommercialPublic Founded 1939 | Founder Muhammad Sharif | |
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Industry Material science and Metallurgical Engineering Key people Mian Nawaz SharifChairman Products Hot rolled ProductsBilletsCold-rolled ProductsGalvanised ProductsElectronic materials Services Production of Iron and Steel | ||
Ittefaq group mussaffah saniya 14
The Ittefaq Group of Industries (English The Unity) is a Pakistani integrated steel producer with major operations in Punjab. It was founded by seven brothers, the major contribution made by Mian Barkat Ali and Muhammad Sharif, father of the current prime minister Nawaz Sharif.
Mian Barkat Ali, Muhammad Sharif along with the other five brothers, established a foundry in 1939. By 1971, it had become the largest industry in all of Pakistan. In 1976, Prime Minister Zulfikar Ali Bhutto nationalized the steel industry, including the Ittefaq family business empire — Ittefaq Group. In 1985, General Mohammad Zia ul-Haq returned the business after developing political links with the Sharifs.
During the 1980s, Ittefaq Group expanded from five mills to 30 businesses which produced steel, sugar, paper, and textiles and annual revenues were estimated at $400 million.