Government of Pakistan vide their letter No. IPB/EE(27)/80 dated 03-11-81 for manufacturing of various types of Telecommunication Cables and supply to M/s. Pakistan Telecommunication Company Limited (formerly PT&T).
The plant has capacity to produce 2.5 Million Pair Km of various sizes of Telecommunication Cables from 10 Pairs to 1200 Pairs per year.
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.