Android ADT Troubleshooting, fixing the libz.so.1 missing problem

There seems to be a common problem when launching the Android ADT bundle in Linux. It gives out a similar error like the following.

2012-06-06 18:44:40 - contactManager] /home/catia/android-sdks/platform-tools/aapt: 
error while loading shared libraries: libz.so.1: cannot open shared object file: 
No such file or directory

I too had this same problem in my Ubuntu 14.04 machine and as always after a simple query in Google, I found the solution through AskUbuntu. Here's what you have to do, run the following command. It installs a specific library that was previously fulfilled using the 'ia32-libs' package of Ubuntu.

sudo apt-get install lib32z1