Tuwairqi reposes faith in Pak growth

[LahoreEstate]

KARACHI: Abdullah Hilal Al Tuwairqi, one of the directors of Al-Tuwairqi Holdings (ATH), has said the company believes in Pakistan and will continue to believe in its future growth.

He said that ATH has long-term strategic plans for Pakistan which remain unchanged despite the global financial crisis.

Pakistan’s economy is facing a temporary slowdown due to the changing macroeconomic scenario, he said, adding “we believe in Pakistan and we will continue to believe in its future growth.”

A high-level delegation of Al Tuwairqi Holding (ATH) from Saudi Arabia recently visited Karachi to inspect the ongoing construction activities of its subsidiary company, Tuwairqi Steel Mills Limited (TSML).

The delegation expressed its satisfaction over development activities going on at TSML, more specifically the quality of work and assured their all-out support for the timely completion of the project.

On this occasion, Zaigham Adil Rizvi, Director (Projects) of TSML informed the delegation about the current global steel industry outlook. He said that during 2008, the global crude steel production stood at 1,329.7 million metric tons while Pakistan made a meagre contribution to it. This speaks volume about the tremendous potential of growth in the steel sector of the country and a great opportunity for investment in it.

http://www.thenews.com.pk/daily_detail.asp?id=164547