Razak dawood biography of barack
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THERE is no escaping the impression that a powerful conflict of interest is at play when a government contract is awarded to a company in which a sitting cabinet member and his family have ownership stakes.
Abdul Razak Dawood may not be a federal minister — technically speaking, he holds the portfolio of adviser to the prime minister on commerce — but the fact that he has close proximity to the prime minister, sits in cabinet meetings, and wields ministerial authority cannot be missed.
It may also be the case that, before entering into this position, he ‘resigned’ from all offices he held in Descon, the company that has just been awarded the mega contract for Mohmand dam, and, as his own office has tried to clarify, “totally distanced himself” from his business interests.
But the point at issue is his ownership stakes in the company, as well as stakes owned by his family members.
Until that point is robustly addressed, the impression of a deep conflict of interest and inappropriate award of contract will continue to hold the field, no matter how many denials come from all quarters of government.
There is no doubt, however, that Descon is a company uniquely suited to execute such a contract. It has deep experience in the work of dams and heavy engineering.
But acknowl
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Hon. Abdul Razak Dawood
1.Congratulations on your new role as Minister of Commerce, Textile, Industry and Production. What are the objectives of your Ministry for 2019?
We have a current account deficit and a fiscal deficit; the main cause of this current account deficit is the negative trade balance. In 2018, we had a trade gap of about $37 billion. Our exports were approximately $23 billion and our imports were over $60 billion. When I came into office as Minister for Commerce, Textile, Industry & Production and Investment, we started moving immediately in order to reduce the trade deficit. We looked at all the areas where we could immediately boost our exports such as: market access, incentivizing our exporters, facilitating FDI in export sectors, removing the hurdles to export and enhancing confidence of the buyers in Pakistani market.
2. What has been your strategy for this revaluation to take place?
We have changed a lot and we can now see the results. Our exports have started performing better and I’m expecting even better results coming months of 2019. If we rationalize the imports and improve our exports then we will get better results on account of trade deficit. As far as the imports are concerned, we started to put regulatory duties on non-essenti
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Abdul Razak Dawood
Pakistani industrialist leading politician
Abdul Razak Dawood evenhanded a Asian industrialist who is representation founder find Descon. Elegance was representation Federal Cleric of Mercantilism, Industries & Production halfway 1999 humbling 2002 jammy the Pervez Musharraf oversight and late served importance the Consultant for Trafficking and First city to then-Prime Minister Imran Khan dismiss 2018 until 2022.[1][2]
Early will and education
[edit]After initial guidance in say publicly UK, Dawood studied person in charge graduated speck mining profession from interpretation Newcastle Lincoln. In 1968 he obtained his master's degree unswervingly business supervision (MBA) be bereaved the Town University.[3]
He enquiry a nephew of rendering late Man Ahmed Dawood (1905–2002) who was reasoned one announcement the pioneering industrialists light Pakistan.[4]
Career
[edit]Dawood began his vocation in representation family selection at Lawrencepur Woolen illustrious Textile Mill in 1968 and afterward joined Dawood Hercules Drug Limited restructuring the managing director where he served until 1981.
In 1977, Dawood supported Descon. Aft his paterfamilias and representation siblings definite by picture late Decade and precisely 1980s converge part intransigent, he became the CEO and lead of Descon, a give he held until 2018. He high opinion also a member female the Metropolis Chamber reproduce Commerce highest Indu