IMF, World Bank termed colonial institutions.

KARACHI -- 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 on Friday said peace and prosperity is impossible in presence of colonial international institutions like the IMF and World Bank.

These institutions will continue to fan poverty, hunger and illiteracy to fulfil the economic and political needs of the developed world, he said.

Mian Zahid Hussain said that IMF, World Bank, Asian Development Bank, FATA etc are tools of the developed world to continue plundering resources of poor nations.

Talking to the business community, the veteran business leader said that the IMF and World Bank are not democratic...