HYDERABAD, Aug 2: The central leader of the Communist Party of Pakistan (CPP), Imdad Qazi, has said that capitalist system throughout the world was in the grip of a crisis, and following the crash of the stock exchange in Taiwan in 1997, the crisis had further increased and the stock exchanges of other capitalist countries including America had also received a severe jolt.

He was addressing party workers at the central secretariat of the party on Tuesday.—Bureau