Future Summit gets underway in Karachi Strategies to tackle future challenges discussed

Karachi (Muhammad Yasir) Nutshell Group and Martin Dow Group hosted the 5th edition of Pakistan’s largest corporate event ‘The Future Summit’ with at a local hotel. Governor of Sindh, Imran Ismail addressing the Future Summit lauded the working of SBP under the leadership of Dr Reza Baqir. Referring to the government decision to not go for lockdown during coronavirus pandemic the governor said, “Whatever decision Imran Khan takes, at first it seems to be unrealistic or incorrect but later it proves to be right in all the aspects.” Governor State Bank Pakistan (SBP), Dr Reza Baqir while addressing The Future Summit said, “It’s a moment of great pride for Pakistan that we successfully controlled the global average of covid cases.”

Dr. Reza Baqir appreciated the efforts of NCOC (National Command and Control Center) and the initiative of the Ehsaas Cash Program which played a vital role in tackling the COVID pandemic. Governor SBP also said that amid the coronavirus pandemic, the World Bank has also praised the initiative of the Ehsaas Cash Program and despite the coronavirus surge, Pakistan has significantly declined the level of its Debt to GDP ratio.

Speaking on the occasion, Chairman Martin Dow Group, Ali Akhai said, “This Summit comes at an opportune time when the global playing field has a new environment with new rules. The Summits’ theme – “What’s Coming Next” is possibly the most important subject for the next 10 years, as it addresses life in the new world as we know it. There’s a lot to debate, and even more, to accept the realization of change.”

Ali Akhai also said, “Today, after 2 years of the pandemic, the change continues, and has become a constant part of the new normal. Importantly What’s Coming Next, is a higher standard of competition in quality, localisation, consolidation, digitization, adaptability, and of course, rapid & constant change.” Former Chief of Pakistan Air Force, Air Chief Marshal Sohail Aman who is also the Chief Executive Strategic Engagements of Nutshell Group in his address at The Future Summit said that nothing will happen by just discussing the existing problems, better is to go for a rational solution to the crises.

Air Chief Marshal Sohail Aman also said that “Greater the challenges are, bigger is the opportunity and it is the need of the hour to exhilarate the impetus of motivation among the organizational workforce as they will take your companies to the ultimate success. “Collective efforts and mutual coordination is required to tackle the rising impact of the Omicron Variant”, the former PAF Chief said and added that employee empowerment in the organization is mandatory and this objective could be attained by selecting the right person for the right job.”

President and CEO, Engro Corporation Ghias Khan while expressing his views during a dialogue session with CEO Jaffer Business Systems Pvt Ltd, Mr Veqar ul Islam at The Future Summit said “The structured issues of Pakistan remained same in the recent years, but due to the unending wave of covid it augmented to a much higher level.” He also said that “Technology has driven much of the segments of businesses; presence of technology and acceptance of a hybrid world is a good omen. We cannot progress unless we are fully capable of selling our services to the entire world by increasing the exports level and regional connectivity.”

Former Governor SBP and Chairperson Pakistan Stock Exchange, Dr Shamshad Akhtar said ‘’Climate Change needs immense attention from the global world. She expressed her concern that the share of public expenditure for tackling climate change is not adequate. Dr Shamshad Akhtar said we need to devise effective strategies for managing the changing impact of climate and must develop a robust financing network to deal with its consequences systematically.

Former Governor SBP also said that infrastructure development is a very important presence. Pakistan needs to double its GDP ratio for infrastructural development and we need to utilize alternative sources of energy and the right taxation schemes will prove to be fruitful in near future.

President and CEO Faysal Bank Yousaf Hussain speaking at The Future Summit said that we need to realize customer needs and requirements of the workforce. Empathy along with speed of the change and the external partnership is very important.

CEO K-Electric, Syed Moonis Alvi speaking on the occasion said, “We need to tell Karachiites that the ‘K’ in K Electric is not Karachi, it actually explicates ‘Kinetic’. KE’s jurisdiction is beyond the scope of the Karachi itself and so its dominion for power generation is automatically much larger. The future is digital. The power utility has come a long way in incorporating this aspect on a routine basis and the KE app is a testament to that – a model that should be emulated by other DISCOS nationally”.