Addressing the attendees at the 10th CEO Asia Summit, Malik Riaz lamented shortage of safe drinking water in the country and that nearly 80 million children do not go to schools.
The real estate tycoon went on to say that in Pakistan every serious disease is found, but not its treatment.
He castigated the system and the ones running it are a hurdle in the way of progress.
Riaz demanded to reduce taxes by 50 percent and to eliminate prize bonds as well as Rs 1000 and 5000 notes in order to end corruption from the country.
Moreover, the real estate giant was presented Business Leadership Award by the 10th CEO Summit Asia.