Engage consumers spend in productive activities.

Byline: Khalil Ahmed

Interview with Mr Khalid Tawab - Chairman, Tawab Group

Profile:

Mr Khalid Tawab is an economics, finance and international trade expert. He is a prominent businessman and former Minister of Commerce and Industry Government of Sindh and former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). He has also served as Vice President and Chairman of various Advisory Committees.

He is former Senior Vice President of Karachi Chamber of Commerce and Industry. The Government of Pakistan conferred the award of Sitara-i-Imtiaz on him in 2008 for his services.

He has visited various countries in order to accomplish Pakistan government's objectives to enhance economic and trade relations especially with the African countries, China, Malaysia, Iran, United States, Mozambique, Egypt, Oman, Poland etc.

He is an active member of Iron and Steel Association of Pakistan. He has been the member of number of official working groups on Economic Finance, Trade, industrial cooperation and economic corridor and presently is the member Board of Governors of various national Public/Private organisations.

He is the Chairman of Tawab Group which deals in paper manufacturing, steel, real estate and securities. He is Honorary Consulate General of Mozambique since 1989. He is a philanthropist and trustee of Aiwan-e-Tijarat-o-Sanat Hospital.

PAKISTAN and GULF ECONOMIST had an exclusive conversation with Mr Khalid Tawab regarding consumer financing, electronic appliances and consumerism. Following are the excerpts of the conversation:

During the past one and a half decade, the banking activity related to consumer financing like house financing, car financing, credit card etc. has been increasing, which affects the trade and industry related financing. In our country, with the availing of consumer financing their lifestyle is improving and they are moving towards high income class, but actually they are spending their future income today. Overall, the consumer financing without planning creates the...