Lack of confidence in business community growing: Mian Zahid Hussain.

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 April 10 said the continuous decline in the confidence of businessmen, industrialists and investors is alarming.

The business community is troubled by unending economic problems, businesses are closing down and people are losing their jobs, he said.

Mian Zahid Hussain said that for the first time in the country's history, the situation is rapidly deteriorating due to the simultaneous political, economic and constitutional crisis.

Talking to the business community, the veteran business leader said that street crimes are increasing and insecurity in the business community is continuously increasing which is causing the flight of capital and exodus of industries from the country.

Many business people believe that the country is not moving in the right direction and that things are getting worse instead of better which is detrimental to them, he remarked.

Mian Zahid Hussain said that the business community is also worried due to the rising inflation because the majority of the country's population is spending a large part of their income on food and their purchasing power has eroded therefore, they are unable to...