Thursday, September 07, 2006

Comment: Steel industry facing skilled workers shortage

The steel sector in Islamabad is going through a phase of stern shortage of skilled pool of manpower. 'It will take a long time to meet the demands of the local industry' Engineering Development Board (EDB) CEO Imtiaz Rastgar said in a meeting with the founding members of the Pakistan Iron and Steel Institute (PIASI). Imtiaz also added that the board would support the development of the steel industry in the country and its linkages with world supply chain.

The PIAS is being established in coordination with public private partnership and each founding member contributed Rs. 1 million. The government also announced a grant.

Federal Minister for Industries, Production and Special Initiatives Jehangir Khan Tareen urged the industry at a workshop in Aug 2005 to develop a world class steel research and development institute. The 10 founding members of the institute are Ilyas Aziz Malik, Director FSL Group of companies, M. Ishaq Paracha, Managing Director, Al Hamza Ship Breaking Company, Mirza Muhammad Yusuf Baig, Chairman, IFC Group of companies, Mian Muhammad Javed Shafi, Chairman, Al-Shafi Steel, Shaban Khalid, Director Ittehad Steel, Muhammad Ismail Ibrahim, Director, Star Cotton Corp., Mian Muhammad Aslam Fareed, MD, Pak Steel, Re-rolling Mills, M.M. Abdullah, Director, Magna Steel, Javed Iqbal Mughal, Chairman, Mughal Steel and Abbas Ali, Director, Amreli Steel.

Conclusion

Seeing the shortage of labor in the steel industry, EDB has decided to take some measures regarding improvement in country's steel industry and a grant for the same has also been announced. The development of steel research and development institute is also being considered with Ilyas Aziz Malik, Director FSL Group of companies, M. Ishaq Paracha, Managing Director among the list 10 founding members.

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