The project was established in Private Sectors as Public Limited Company duly registered at Karachi
Stock Exchange & Lahore Stock Exchange and under Technical Collaboration with
M/s. Furukawa Electric Company Limited, Japan.
The project was financed by M/s. Pakistan Industrial Credit & Investment Corporation (PICIC) and
M/s. Bankers Equity Limited (BEL), for Foreign Currency Components and Local Currency Components
respectively.
The Commercial Production started in July-1987, since then various Contracts awarded against
International Tenders for supply of Telecommunication Cables to M/s. Pakistan Telecommunication
Company Limited, and Alhamdulillah, performed successfully.
Since July-1988, the project is owned and run by a well known Saudi Group namely "Al-Raee Group"
having their industrial establishment in Saudi Arabia and Pakistan.The scope
of production was enhanced to produce Electrical and General
Wire & Cables in 2005.
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