Pakistan's consumer financing moving in right direction.

Byline: Khalil Ahmed

Interview with Mr Farooq Dadi - a renowned businessman

Profile:

Mr Farooq Dadi is a renowned businessman and a socio-political/economic analyst based in Karachi. He regularly gives his analysis on different TV channels. He is a well-known social person in the business community and other services organisations i.e. Rotary etc. to serve the community with true means. He is an active member of Polio Eradication Programme in Pakistan.

PAGE: What is your take on consumer financing?

Farooq Dadi: Consumer financing is improving in the wake of the current government policies, which is the evidence of the public trust in the PTI government leadership and their policies. One billion US dollars machinery is under import to enhance and expand our industries especially the textile sector. Assembly of automobiles of foreign brands locally, betterment in the IT sector etc. augur well for the economy of Pakistan. As far as electronic items are concerned, Pakistan has better opportunities and the consumer financing is going to be even robust in the days to come. Samsung brand cellphone has started assembling in Pakistan at large scale and now they are planning to manufacture Samsung LED TV in Pakistan. Foreign brand electric cars, electric rickshaws, motorbikes etc. are setting up their plants to manufacture locally and then export to different countries. Some of them have started their production and others are in process. Based on the above developments, it could be anticipated with confidence that consumer financing is going to get a tremendous boost going forward.

PAGE: How would you comment on the surge in the sales of electronic appliances irrespective of the downturn in the global economy?

Farooq Dadi: Pakistani economy is growing despite the pandemic. People are earning due to large scale manufacturing which was at 15 per cent during the preceding fiscal year. New employment opportunities are being created in many sectors. As per policy, our farmers are getting their payment of the crops on time. Furthermore,enhancement in the support prices for various crops by the government will result in the betterment of our agriculture sector. The increase of electronic items' purchase is one of the reasons of all this.

PAGE: Your views on the government support for the electronic products?

Farooq...