Struggle over Panama papers detrimental to political, economic stability, Political tensions can hit developmental process, economic corridor, National interests must top resignation of PM.


April 15, 2016

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday expressed concern over Panama papers controversy which is pushing country towards political and economic instability.

The increased political struggle over the issue can hit developmental agenda of the government, damage important projects including the fate-changing project of China Pakistan Economic Corridor and harass foreign investors, he said.

Mian Zahid Hussain said that, legal and constitutional mechanism to deal with such issues is available in the country therefore some politicians should not try to get undue benefit of the situation at this critical juncture as country is facing very serious challenges.

He said that demand of resignation from the Prime Minister seems immature as we cannot do everything what is practiced in the west where democracy is mature and institutions are strong enough to deliver.

Resignations of top government functionaries in west has a very little impact while it can derail everything in Pakistan which our country cannot afford at this time, he added.

Mian Zahid Hussain said that government and army, under the leadership of Gen. Raheel Shareef, are on the same page after decades resulting in improved peace and retreat of terrorists, power projects are bring completed, and sick units are being sold which has restored confidence of many investors.

He said that revolutionary project of CPEC is facing criticism from provinces while enemy nations are out to destroy it, operation against terrorists and criminals is in full swing, democracy and democratic norms are taking roots in country and the situation requires stability.

The real issue is not the resignation of prime minister but the interests of the state which are supreme, he said.
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