Mian Zahid expresses concern over economic downturn, backrupticies by coronavirus.

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 Wednesday said coronavirus has damaged developing economics while the response of the developed countries have left much to be desired.

The irresponsible attitude of developed countries may result in bankruptcies in poor countries triggering another serious global crisis, he said.

Mian Zahid Hussain said that repayments of all the loans taken by underdeveloped countries should be immediately stopped while the process to write off loans should be initiated.

Talking to the business community, the veteran business leader said that dozens of countries including Pakistan are not prepared to face another wave of the virus which will also hit the developed countries.

He said that who will buy the products...