| 词条 | Ittefaq Group |
| 释义 |
|name =Ittefaq Group |logo = |caption = |type = Steel and Metallurgy |genre = Commercial Public |fate = Acquired by Al-Rehmat Group of Companies of Faisalabad in 2004[1] |predecessor = |successor = Al-Rehmat Group of Companies Ittefaq Iron Industries |foundation = {{start date and age|1939}}[2] |founder =Mian Barkat Ali Muhammad Sharif Mian Muhammad Siraj Mian Muhammad Bashir Mian Abdul Aziz Mian Muhammad Shafi Mian Meraj Din[2] |defunct = 2004[1] |location_city = Lahore |location_country = Pakistan |location = |locations = |area_served = |key_people =Mian Muhammad Sharif Chairman |industry = Material science and Metallurgical Engineering |products = Hot rolled steel Products Billets Cold rolled steel Products Galvanised steel Products Electronic materials |services = Production of Iron and Steel }} The Ittefaq Group (English The Unity Group) was a Pakistani integrated steel producer with major operations in Punjab. It was sold to Al-Rehmat Group of Companies in 2004.[2][1] HistoryIt was founded by seven Brothers in 1939 in British India as a small foundry.[1] Among the founders, the major contributions were made by the brothers Mian Barkat Ali and Muhammad Sharif. The word Ittefaq literally means Unity in English language (implying unity among 7 founding brothers).[3][2] The 7 founding brothers including Muhammad Sharif (1919 – 2004), father of Muhammad Nawaz Sharif (former Prime Minister), initially set up an iron-melting furnace in Landa Bazar, Lahore and quickly expanded this business in the early years of Pakistan.[2] By 1971, it had become the Largest steel industry in all of Pakistan.[4] In 1972, Prime Minister Zulfikar Ali Bhutto nationalized the steel industry, including the Ittefaq family business empire — Ittefaq Group.[4] In 1974, Muhammad Sharif founded the Sharif Group of Companies.[2] In 1978, General Mohammad Zia ul-Haq returned the business after developing political links with the Sharifs. In 1983, Zia ul-Haq appointed Nawaz Sharif as finance minister in the Punjab provincial cabinet. Then after the Pakistani general election, 1988, Nawaz Sharif formed and headed the provincial government in Punjab. In November 1990, Nawaz Sharif became the Prime Minister of Pakistan for the first time.[2] In 2004, the Ittefaq Group was acquired by Al-Rehmat Group of Companies of Faisalabad for {{PKR}}2.159 billion.[1] The sell-out was called by the Lahore High Court to pay up the loan which Ittefaq Group had taken between 1982 and 1988.[1] References1. ^1 2 3 4 5 {{cite web|url=https://www.dawn.com/news/395764|title=Notices to Ittefaq Group owners: Sale of steel units to clear debt|date=23 July 2004|publisher= Dawn (newspaper)|accessdate=8 January 2018}} {{DEFAULTSORT:Ittefaq Group}}{{Pakistan-company-stub}}2. ^1 2 3 4 {{cite web|url=https://www.globalsecurity.org/military/world/pakistan/sharif.htm|title=Detailed Profile of Sharif Family|first=John|last=Pike|date=3 January 2018|publisher=GlobalSecurity.org website|accessdate=8 January 2018}} 3. ^1 2 {{cite web|last=Global Security|title=Profile of Sharif Family|url=http://www.globalsecurity.org/military/world/pakistan/sharif.htm|publisher=globalsecurity.org website|accessdate=30 July 2017}} 4. ^1 {{cite book |title=Capitalism's Achilles heel: Dirty Money and How to Renew the Free-market System |last=Baker |first=Raymond |year= 2005 |publisher=John Wiley and Sons (GoogleBooks)|location= |isbn=978-0-471-64488-0 |pages=82–83 |url=https://books.google.com/books?id=QL5GsSxljy0C&pg=PA82&dq=nawaz+sharif+ittefaq&hl=en&ei=96ifTrWsEOLa0QHQiOHgBA&sa=X&oi=book_result&ct=result&resnum=6&ved=0CEcQ6AEwBQ#v=onepage&q=nawaz%20sharif%20ittefaq&f=false |accessdate=30 July 2017}} 10 : Manufacturing companies based in Lahore|Steel companies of Pakistan|Sharif family|Manufacturing companies established in 1939|1939 establishments in British India|Defunct companies of Pakistan|2004 disestablishments in Pakistan|Manufacturing companies disestablished in 2004|Mergers and acquisitions of Pakistani companies|2004 mergers and acquisitions |
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