'Political confrontation no solution to economic problems'.

LAHORE -- Pakistan Businesses Forum (PBF), President Mian Usman Zulfiqar said on Sunday that politics of confrontation and protest had never been a solution to economic problems and development of a country and prosperity of its people.

Mian Usman, while charging the PBF core committee meeting here, stressed the need for maintaining political stability, terming it a prerequisite for sustained economic growth. Political stability would also cope with multiple challenges faced by the country.

He said that Pakistan was currently going through a difficult time as political instability created by a political party had hampered the local and foreign investment, which was a matter of grave concern.

PBF Vice President Jahanara Wattoo said that developed nations were paying more attention towards financial warfare to continue their dominance over global economy.

She called for reducing the cost of doing business so that Pakistani products could remain competitive in the international market that would help increase country's...