Weak economy threat to national security: Zahid

Staff Reporter

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain has said that week economy is threatening national security and real and urgent reforms are needed to stabilize the economy.

In a statement issued here on Monday, he said that due to the limping economy we are accepting conditions of international institutions which are not reflecting national interests resulting in an uproar across the country.

Mian Zahid Hussain said that the government spends billions on different packages and subsidies to boost one sector or another but the economy is miles away from any real leap forward as economic development was never a preference.

He said that most of the frictions and political turmoil across the world is due to the weak economy as national security is impossible unless the economy is strong.