Industry must be more profitable than property, stock market: Mian Zahid Hussain.

Pakistan's economic system has completely failed.

Impossible to save the country without a new economic order.

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 Friday said the country will be able to get loans from friendly countries and other sources after getting a loan from the IMF.

Pakistan would be able to borrow eight to ten billion dollars as the debt servicing requirement for the next year is 21 billion dollars while loan rollover will also help the country avoid a default, he said.

Mian Zahid Hussain said that borrowing will help the country overcome economic problems for a few months and this gap should be used to completely change the dysfunctional economic system to save the country.

Talking to the business community, the veteran business leader said that the current economic system has completely failed and we need a new economic order based on justice and merit as friendly nations and international institutions have fed up with supporting Pakistan.

He said that the existing economic system is not delivering as it is very faulty hence damaging the economy.

State-run corporations wasting Rs600 billion per annum should...