Abdul Razak Dawood: Founder DESCON, BARD Foundation, Columbia University & Lawrencepur
In tonight’s conversation with our special guest, Abdul Razak Dawood. What was his life pre-partition like? What difficulties did he face while trading? How did he set up the business? What was settling in Karachi like? What was his experience with studying abroad like? When did he start to see his life differently? What was his MBA like? How did he feel about being a Pakistani student at an American University? How Pakistani entrepreneurs have evolved over time? What was Pakistan in 1968 like? How did market segmentation help the growth of his business? The takeover of the New Bangladesh government in 1971? Why did he leave Lawrencepur in 1972? Getting exposure & rebuilding business? Selling Dawood Hercules to Fatima Group? Starting up DESCON? What was after DESCON? Abdul Razak’s advice to business owners? What is the mission behind BARD Foundation? Why did he choose to expand his business in South Africa & Central Asian Republic? Did Abdul Razak Dawood ever regret his choices? How does Abdul Razak Dawood envision Pakistan in 2050? Catch this and much more in tonight's episode.
00:00 Tonight’s guest: Abdul Razak Dawood
01:01 Abdul Razak’s early life pre-partition
02:10 Trading as a family
03:00 Establishing businesses post-partition
04:05 Settling in Karachi, Pakistan
04:30 Decision of his father & his uncle
05:37 Studying in English Public School
06:19 Growing up in England
07:39 When did he start to see his life differently?
10:48 Why did he choose to study engineering?
12:33 What was his MBA like?
14:54 How does he feel about being a Pakistani student in an American University?
16:29 What did he learn from studying in America?
19:28 What businesses did his uncles establish in Pakistan while he was in America for 18 years?
21:44 The evolution of Pakistani entrepreneurs
22:35 What was Pakistan in 1968 like?
24:20 Working in Lawrencepur
29:05 Work culture back then vs. now
31:30 How did market segmentation help the growth of his business?
33:08 The takeover of the New Bangladesh government in 1971
37:22 Why did he leave Lawrencepur in 1972?
38:48 Getting exposure & rebuilding business
41:57 Selling Dawood Hercules to Fatima Group
43:24 What did he do after leaving Dawood Hercules?
45:37 Starting up DESCON
52:17 What was after DESCON?
56:42 Getting into the agriculture business
01:00:23 Abdul Razak’s advice to the business owners
01:03:51 BARD Foundation
01:05:52 What is the mission behind BARD Foundation?
01:14:25 The concept of sports scholarship in Pakistan
01:15:28 Why have people not invested in sports in Pakistan?
01:22:20 His involvement in the education sector
01:23:57 Why did he choose to expand his business in South Africa & Central Asian Republic?
01:31:22 Problems in export growth strategy
1:40:24 The future of the export business of Pakistan
01:47:36 Does Abdul Razak Dawood ever regret his choices?
01:49:56 How does Abdul Razak Dawood envision Pakistan in 2050?
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