INTERVIEW WITH PERVAIZ MALIK CHIEF EXECUTIVE AKRAM INDUSTRIES LIMITED
PAK BUSINESSMEN FACING HARD TIMES TO COMPETE IN GLOBAL MARKET
Dec 01 - 07, 2008
Mohammad Pervaiz Malik is Chief Executive of Akram Industries Limited, which is a modern export based cotton textile spinning unit in operation since 1993. He did his B. Sc. Honours in Engineering from University of Aston, (U.K). He is highly regarded in business circles due to his positive approach.
He is President of the Lahore Businessmen Association for Rehabilitation of Disabled since December 2000. He has done a lot of work for the rehabilitation of disabled persons. His contributions for business community as well as social welfare and political fields are acknowledgeable. Mohammad Pervaiz Malik also extensively traveled throughout Australia, Austria, Afghanistan, Burma, Bangladesh, Belgium, Canada, China, Chile, Denmark, Egypt, France, Germany, Holland, Hong Kong, India, Indonesia, Italy, Japan, Korea, Kazakhstan, Malaysia, Monaco, Nepal, Philippines, Sri Lanka, Singapore, Spain, Sweden, Saudi Arabia, Switzerland, Thailand, Taiwan, Turkey, U.S.A., UK, U.A.E., Uzbekistan, etc. He is well aware of business issues and has a strong commitment for delivering to the country and nation.
In an exclusive interview with PAGE, Malik shared his business experience and issues confronted to the national economy. He called for taking measures on emergency basis to resolve the host of problems confronted to the national economy. He said the government must take the business community into confidence for the resolution of manifold challenges faced by the national economy. He said the high interest rate is hitting hard to the national economy while in the globalised competitive environment Pakistani businessmen are facing hard times to compete. He was of the view that gas load shedding during winter to industries is likely to reduce the country's textile garments export orders by at least 15-20 percent for the prime Christmas season in the developed world. He protested against the gas load shedding. After suffering rampant electricity cut in summer and he said majority of the small and medium units of garments would put on hold their productions till gas supply is restored.
As a result, the country will lose the prime export season i.e. Christmas during which sales of garments increase every year in the western world, he added. Malik demanded inconsistent supply of gas to value-added garments, processing, and dying units in order to continue production without any disruption for the major export season. "Gas load shedding will hit the garments exports by at least one billion dollars," he added. He pointed out that gas load shedding has started in major cities of Punjab including Faisalabad, Gujranwala and Lahore where industrial production is posed to scale down. He said that the government should form a task force to protect them from financial losses, which are likely to take place in the prevailing circumstances. He said that the exporters are already faced with several problems including high cost of production, law and order situation, power shortage, and negative travel advisories by the western countries for major buyers, the gas cut would further cripple industrial activities. He said the government should adopt export-encouraging policies instead of entangling the local industries in crisis.