The Journey of Ismail Suttar: A Leader in Business and Industry
The Biography of Ismail Suttar:
Ismail Suttar, a distinguished graduate in Business
Administration from International University, Missouri, USA, has carved an
illustrious career spanning 28 years in the industrial sector. He currently
serves as the CEO and Managing Director of HubSalt, where his expertise lies in
establishing new industrial units, overseeing production, developing products,
and managing human resources. His leadership extends beyond HubSalt, as he has
held significant roles in various chambers and federations, cementing his
reputation as a prominent figure in business and industry.
Leadership in Chamber of Commerce and Industry
Ismail Suttar's leadership journey includes serving as the
Immediate Past President of the Lasbela Chamber of Commerce and Industry
(LCCI). His tenure has been marked by initiatives aimed at promoting economic
growth and fostering a conducive business environment in Lasbela, Baluchistan.
Additionally, he has represented LCCI on the Executive Committee of the
Federation of Pakistan Chambers of Commerce and Industry (FPCCI), advocating
for the interests of his region at a national level.
Contributions to National Bodies
Beyond local chambers, Ismail Suttar has made significant
contributions to national bodies such as the Employers’ Federation of Pakistan
(EFP), where he served as a Director on the Board of Directors during his
previous term. His involvement underscores his commitment to shaping policies
and strategies that benefit businesses and industries across Pakistan. He
continues to play a pivotal role in professional and advisory capacities within
the business and industrial sectors.
The Journey of Ismail Suttar: A Leader in Business and Industry / Pakistan / Chairpersons of Pakistan stock exchange / Life / Struggles / Investor
Early Ventures and Industry Entry
Ismail Suttar has been an integral part of Hub Pak Salt
Refinery from its inception, steering it towards becoming Pakistan's largest
salt manufacturing company under the brand Hub Salt. Initially involved in the
matchstick manufacturing business, the Suttar family transitioned into salt
production when they acquired a salt manufacturing facility in 1983. Their
understanding of salt was limited to its use as table salt, but they soon
recognized its broader applications, particularly in the chemical industry.
This realization led them to supply salt to various sectors, including oil
drilling and textiles, where better quality salt reduced costs for dyes and
chemicals.
Ismail Suttar’s Vision for Pakistan's Salt Industry
Strategic Vision and Market Positioning
Ismail Suttar, CEO of Hub Pak Salt Refinery, shares insights
into their ambitious new project aimed at transforming Pakistan's salt
industry. Inspired by Mexico's large-scale solar salt project, which targets
the chlor-alkali industry, Suttar aims to position Pakistan prominently on the
global salt production map. Despite Pakistan's vast salt reserves, the country
currently lags far behind major producers like China and the USA.
Economic Impact and Project Details
The upcoming project, costing $360 million under a public-private
partnership, is projected to significantly boost Pakistan's export earnings by
approximately $1 billion annually. This substantial contribution is expected to
enhance Pakistan's economic standing without requiring significant imports or
subsidies, benefiting both local and national economies.
Strategic Infrastructure and Land Requirements
Spanning 150,000 acres along Pakistan's coastline, the
project's scale underscores the importance of land quality in salt production.
Larger areas facilitate superior salt quality by minimizing impurities through
natural filtration processes. Key infrastructure investments, such as a
dedicated salt-handling jetty and extensive dredging, are pivotal for efficient
operations and ensuring high-quality product handling.
Strategic Leadership and Recognition
Recognized for his strategic acumen and dedication, Ismail
Suttar has been elected unanimously to represent Lasbela Chamber of Commerce
and Industry on the current Board of Directors of EFP. His election highlights
the trust and confidence placed in his leadership capabilities, aiming to
leverage his experience to further the objectives of EFP and enhance its impact
within the trade and industrial landscape of Pakistan.
Vision for the Future
Looking ahead, Ismail Suttar remains committed to advancing
the interests of businesses and industries in Pakistan. His vision includes
fostering innovation, promoting sustainable practices, and advocating for
policies that drive economic growth and prosperity. With his extensive
experience and leadership roles, Ismail Suttar continues to be a guiding force
in shaping the future of Pakistan's business environment.
