Stakeholder Analysis

4514 WordsJul 25, 201219 Pages
Privatization of Pakistan Steel Mills Case By Sabah Sarah STAKE HOLDER ANALYSIS By Sabah Sarah TABLE OF CONTENTS Background of Pakistan Steel Mills Corporation (PVT) LTD. 4 The Case 5 Analysis 6 Stakeholder Analysis 8 Summary of stakeholder analysis 18 As a Manager of PSMC the steps I would take 19 Annexure 20 Background of Pakistan Steel Mills Corporation (PVT) LTD. After independence in 1947, it did not take long for Pakistan to come to the realization that progressive industrial and economical development would be impossible without the possession of a self reliant iron and steel making plant. The dependence on imports would cause serious setbacks to the country along with an extortionately high import bill which would be impossible to support. The initial idea for a domestic iron and steel mill was put forward in the first five year plan of Pakistan (1955 - 1960). 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 credit kept the project on hold for a considerable time. The foundation stone for this gigantic project was laid on the 30th of December, 1973 by the then Prime Minister Mr. Zulfiqar Ali Bhutto. The mammoth construction and erection work of the integrated steel mill, never experienced before in the country, was carried out by a consortium of Pakistani construction companies under the supervision of Soviet experts. The industrial and economic development of a country is not possible without the establishment of a steel plant. It was necessary for Pakistan to establish a steel mill to make progress in the modern world. The US, UK and their allies were reluctant to sell a steel plant to Pakistan. American, British and French private firms were strictly prohibited to export

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