The future of MQM seems bleak. The biggest issue with Pakistani politics is that everybody talks about "Maroosi siyasat" and yet nobody works to rectify it.
In any democratic country in the world, you will see change of faces after every 5-10 years but in Pakistan
PML-N: Nawaz Sharif
PPP: Bhutto's
PTI: Imran Khan
MQM: Altaf Hussain
ANP: Wali Khan family
is the leader of their political party since 1990s. Since then UK for example has seen 3-5 change of faces of Leadership in every political party. If Altaf Hussain had resigned 5-10 years ago or even now, if he chooses to dethrone from the leadership of MQM, it will be a very good decision for the party and lead to the survival of MQM.
Most of the allegations made against MQM are more than 10 years old so imagine if he had resigned and couple of fresh faces had evolved, this matter would not have been taken so seriously. Heck their entire leadership is same as my childhood days