Ghias Khan on how Engro aims to help Pakistan expand economic growth by 2030

CEO engro Ghias Khan talks about Pakistan in the next decade and how it can become one of the greatest development story.

[printfriendly]

Mr. Ghias Khan is a Pakistani businessman and entrepreneur who is the 4th and current President and Chief Executive Officer of Engro Corporation. GVS sat with Mr. Ghias Khan for to know his vision for Pakistan in 2030.

Pakistan is at a critical juncture as it enters the new decade. We must build on the momentum of a sharp recovery from the COVID-19 pandemic and use this opportunity to undertake wider economic reforms to achieve sustained indigenous and inclusive growth. If Pakistan is to achieve transformational growth under its Vision 2025 and beyond, the focus needs to be on enhancing productivity and embracing the knowledge economy.

Read more: What Pakistan needs to do for Education in the next decade – Faisal Mushtaq

It is encouraging to note that the government is prioritizing energy security and food security for the country’s development. Over the last decade, other regional economies have leapfrogged Pakistan in terms of industrialization and export-led growth, primarily due to our unprecedented energy crisis. To tackle this crisis, Engro plans to continue expanding its footprint in Thar, while also developing renewable generation opportunities and gas infrastructure. We are also committed to offering holistic seed-to-harvest solutions that improve crop yields and productivity to ensure better nourishment of our population, which will touch 260 million by 2030. In the coming few years, Engro aims to make sizeable investments in the telecom tower sharing business as well to democratize internet access and help Pakistan make rapid strides in the new knowledge economy.

Read more: Ambassador Riaz Khokhar on what the next decade will be like for Pakistan

In the next few years, I believe the government will continue to focus on creating an enabling environment for the revival of private investments. As the economy liberalizes, the government would be required to move away from its traditional role of an operator to that of a regulator. With the right mix of policies and investments, I am confident that Pakistan can fulfil its promise of becoming one of the greatest development stories in recent times. At the same time, we must not only build fast but also better by achieving our UN SDG commitments. This will require a collective and concerted effort from all stakeholders – we cannot afford to slip up by repeating mistakes of the past.

The transcript with Mr. Ghias Khan has been edited as per GVS policy.

HOLD ON! BEFORE YOU CONTINUE with your routine, ponder this: How probable is it that the article you've just finished would have been created by another news agency if Global Village Space hadn't taken the initiative?

Imagine a media landscape devoid of Global Village Space. Who would keep the political elite in check, upholding the values they claim to embrace? How many hidden covert operations, injustices, and dystopian technologies would stay concealed if our journalists weren't actively pursuing the truth?

The type of journalism we conduct is crucial to a functioning democracy, but it's neither simple, inexpensive, nor profitable. Global Village Space operates as an independent nonprofit news outlet.

We stand free from corporate influences. Would you support us?

Latest news