Good leadership bring country out of crisis, not IMF: Mian Zahid.

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on March 17 said it is not IMF debt that brings countries out of the crisis, but good leadership.

If leadership is based on principles and the expenditure is not more than the income then there is no question of a financial crisis in the country, he said.

Mian Zahid Hussain said that the number of countries that need IMF support can be counted on the fingers, while around one hundred and seventy countries have never tried to seek IMF's help.

Talking to the business community, the veteran business leader said that irresponsible countries empty the treasury through extravagant spending, losses of government institutions, electricity, gas theft, and elitism and then they themselves ask for loans from institutions like the IMF.

Politicians invite such institutions to interfere in the country's affairs for loans, after which they try to prove themselves innocent in the eyes of the people by complaining about the strict conditions.

Mian Zahid Hussain said that wrong economic philosophies first bankrupted Sri Lanka and now it is the turn of other countries where politics is given priority over the economy due to which their economies...