Over the past two months, Turkey was going through a major economic crisis. The Turkish lira is constantly declining day by day. Although Wednesday heralds the arrival of Thursday, yet the wrong policies that were implemented over the years are waving an invitation to usher crises. Although the exchange rate has also increased, officials are […]
Turkey’s agenda is shaken by the dramatic collapse of the Turkish lira against the US dollar. The US dollar, which was equivalent to about 6 Turkish liras at this time last year, has crossed the 13 Turkish liras range. The rise in the exchange rate naturally leads to a rise in the prices of all […]
In November 2021, Pakistan and the International Monetary Fund (IMF) reached a staff level agreement for the next interest based loan tranche, upon fulfillment of IMF conditions. The IMF conditions include an increase of Rs. 350 billion in taxes through a mini-budget, an increase of Rs 4 per liter in the Petrol Development Levy (PDL) […]
The 3 November 2021 address of Pakistan’s Prime Minister, Imran Khan, regarding inflation was to prepare opinion for another batch of catastrophic IMF economic policies. The so-called 120 billion Rupees “relief” package announced for 20 million people, amounts to only Rs. 1,000 per person per month, for six months. This is whilst the middle classes […]
On Saturday, October 16, 2021, the Sudanese capital witnessed demonstrations calling for the dissolution of the transitional government, called for by the Forces of Freedom and Change – the National Charter Group, in harmony with the military, the demonstrators were able to reach the Republican Palace and set up a platform for the sit-in. In […]
The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]
A sudden surge in the prices of petroleum products by more than Rs. 10, in compliance with IMF dictation, has dropped a new petrol bomb on the people, who are already crushed by inflation. The people are skinned alive to achieve the target of Rs. 610 billion of petroleum development levy set by the IMF.
In the winter of October 2021, the Pandora Papers were revealed to the world. This was a leak of almost 12 million documents that reveal how the world’s richest people siphon off wealth (often obtained illegally) and hide it in various ways. Some of the questionable tactics include tax avoidance and money laundering with collaboration […]
Even Imran Khan knows that the inevitable consequence of the IMF programmes is worsening poverty. Before coming to power, in an interview published in the British newspaper, “The Guardian,” on 18 September 2011, Imran Khan emphatically warned, “Every country I know that has had IMF or World Bank programmes has only impoverished the poor and […]
Introduction: Seeking a Cure for Illness With the increased interest in the great Deen of Islam over the last three decades, there has been a corresponding increase in the interest in Islam’s guidelines regarding healthcare. This has been in parallel with the increased interest in other aspects of Islam, such as education, finance and the […]
Pakistan’s rulers use the US dollar for international trade, in obedience to the colonialist IMF. Amidst a shortage of dollars, the rulers also take interest-based loans in dollars to finance our economy. The Rupee weakens against the dollar, unleashing back-breaking inflation, whilst Pakistan is plunged into an ever growing, interest-based debt. In the Khilafah, the […]
In accordance with Cabinet Resolution No. 594 of 22/09/2021, the Tashkent City Administration and the Asian Development Bank signed an agreement on the provision of advisory services for the project: Modernization of the Heat Supply System for the City of Tashkent and its submission to the administration under the terms of a public-private partnership. The […]
Headlines: Army to be Deployed to Deal with Fuel Shortage US Generals Testify about Afghanistan
Nothing Less than the Sound Economic Policies of the Khilafah Will End Inflation The Muslims of Pakistan are crushed by waves of back-breaking inflation as the Rupee crumbles before the dollar. Household budgets for many are stretched to provide just two meals a day. Despite the hue and cry against inflation by the opposition, it […]
Today, the National Center for Curriculum and Educational Research in Al-Duwaim concluded, the procedural workshop to include children’s rights in educational curricula, which was organised by them in cooperation with the National Council for Child Welfare, the Association of Reporters for Children and UNESCO. Inaam Mohamed, Executive Director of the Reporters for Children Association, pointed […]
The situation with the rights of women and girls in Afghanistan was one of the main topics of the first G20 conference on gender equality. It takes place in Italy. Prime Minister of the Republic, Mario Draghi, in his address to delegates, called on to do everything possible to protect the fundamental rights of Afghan […]
The phenomenon of the death of children due to the neglect of the state has become frequent news, not least the drowning of children in the fall in several areas, and before that the loss of life-saving medications, especially for cancer children, and this time the lack of electricity and oxygen equipment, and the Ministry […]
The Government is continuously deceiving people by giving slogans about saving lives; but in reality, they have not taken any effective steps to save people’s lives, but rather have been looting thousands of crores of Taka through corruption in the health sector. Mired in corruption and misrule, this Government has repeatedly resorted to repeated lockdowns […]
The Government is continuously deceiving people by giving slogans about saving lives; but in reality, they have not taken any effective steps to save people’s lives, but rather have been looting thousands of crores of Taka through corruption in the health sector. Mired in corruption and misrule, this Government has repeatedly resorted to repeated lockdowns […]
The Arab leaders (of Jahilliyah) rushed to convene, conducting their revered protocol. Dispute intensified between them, conflict raged, debate erupted and conversation became heated. What are they to do now regarding Muhammad (saw), whilst they are afflicted by his (saw) affair? They now turned attention to his (saw) affair, after the dark shadow of their […]
It is not a secret that economy is the backbone of human life hence leading to an urgent need for a system to drive the growth and distribution of resources (wealth) in the society. The economic system today is capitalist founded by a Western philosopher Adam Smith known as the ‘Father of the capitalist system’. […]
The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]
Hamdok met with his advisor for social gender affairs, Aisha Hamad Mohammad, who explained in a press statement that social gender is represented in the roles and responsibilities defined by the specific society for both women and men, indicating that these roles and responsibilities change according to the time and place of society. She said […]
On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”
The Ministry of Foreign Affairs of the Republic of Uzbekistan reported: “On July 15, 2021, in Tashkent, representatives of the United States of America, Uzbekistan, Afghanistan and Pakistan decided to create a new quadripartite platform for consultations.
In a step that is not new, the World Bank announced on 07/01/2021 its approval to provide an additional grant to the Salvation Government in Sana’a, which was amounting to 150 million dollars – according to what was reported by Mareb Press – within the framework of grants provided by the World Bank throughout the […]
The Sudanese capital, Khartoum, witnessed a fashion show for women for the second time by designer Nermin Karqafi, attended by a group of media, art and society stars. On the show, male and female models presented various collections of fashion with striking designs, with the participation of male and female designers, and female models. Social […]
Prime Minister Abdalla Hamdok renewed the transitional government’s commitment to empowering women politically and economically and enhancing their participation in public life, pointing to their leading role in the glorious December revolution. This came when he met in the Council of Ministers, with Women of Sudan, in order to reflect on the Prime Minister’s initiative […]
As we entered 2021, there were 82.4 million people around the world displaced by conflict or persecution. Thirty million of those are refugees, the rest are displaced within their own country (48 million) or asylum-seekers (4.1 million), according to UNHCR’s latest report. Nearly half of these forcibly displaced people are children. [Al Jazeera, 20 Jun […]
After a few days of commotion, which was denounced by the mouthpieces of the Pakistan’s rulers as a disrespect of democracy, an orderly series of speeches by the government and the opposition resumed, during the budgetary session of parliament. However, whether there is commotion or calm in the National Assembly, the current budget is nothing […]
