Nadir Salar Qureshi, Chief Investment Officer at Engro Corporation spoke at the Inaugural Session: Prepare for Disruption hosted by The Future Summit.
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''The question that we have to ask ourselves, given this existential crossroads that we find ourselves where, we are now, at the mercy of a multilateral organization to bail us out. This question is not mine. It was the question that Lee Kuan Yew used to ask when he founded..
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..Singapore, 'what makes us relevant to the world?'
If you're the fifth most populous country and you're 0.4% of global GDP, something, somewhere, is deeply amiss.''
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''Our biggest export sector, textiles, is less than 2% of the global textile industry. That's an interruption, that's not a disruption. Getting 2% of the global industry replaced in a year or two, that's not a hard ask. Industries do it all the time.''
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‘’We have a 30-year window where the entire edifice of our energy construct is wrong. The entire energy edifice is built of imported fuels. That is an unsustainable business model (which is why) our business model is now being disrupted.’’
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''If you look at our history, we've been through worse. We were officially sanctioned. Today we talk about the number being just south of 3 Bn, that's higher than where we were in 1998. And, we recovered from that to get 8% growth.''
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''I'm sure that with all the intellectual power in this room and other rooms like this in Pakistan, and the grit and determination that you have shown in the past, we will recover.''
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''People and AG are our strengths: we need to leverage these strengths to get there. And all the platforms exist for this. AG might take a little longer but people want an incremental $14 billion. That, to me, is a much easier fix. It's technical training and certification..
Feb 15, 2023 · 12:26 PM UTC
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''For AG, we have great platforms, we have great companies. They just need a little bit of support.''
#ENablingGROwth #Engro #TheFutureSummit #PrepareForDisruption
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