All posts filed under: Economy

The 2020 Budget is a Continuation of the Noxious Capitalist Economic Corruption

We will only Enjoy the Solution by the Economic System in the Khilafah State The Jordanian Lower House on Wednesday evening, 15/01/2020 CE, passed the 2020 state budget draft law and the draft for the year’s budgets of independent public institutions. As for the 2020 budget, it is more cursed than its predecessors by the […]

There can be No Economic Revival in Democracy as it Only Serves the Interests of Colonialist Financial Institutions

The State Bank of Pakistan released its Quarterly Report on 6 January 2020, regarding the state of Pakistan’s economy. According to the report, Pakistan’s economy moved progressively along the adjustment path. Macroeconomic stabilization picked up momentum with the initiation of the IMF’s Extended Fund Facility program. The SBP continued to keep the monetary policy consistent […]

The Economic Hitmen of Pakistan – The Treachery Continues

The economic hitmen of Pakistan, Dr. Reza Baqir and Dr. Hafeez Shaikh, continue their destruction of the economy of Pakistan through their allegiance to the Kuffar via the IMF. On December 4, 2019, press conferences were held detailing the so-called success of their economic policies. The discussion during the press conferences revolved around the reduction […]

The 2020 Budget: “Persistence in Corruption and Crushing Poverty”

وَمَنْ أَعْرَضَ عَن ذِكْرِي فَإِنَّ لَهُ مَعِيشَةً ضَنكاً وَنَحْشُرُهُ يَوْمَ الْقِيَامَةِ أَعْمَى “And whoever turns away from My remembrance – indeed, he will have a depressed life, and We will gather him on the Day of Resurrection blind.” [Ta-Ha: 124] On December 20th, 2019, the central government budget bill for 2020 was accepted into the […]

In the Manner of the Defunct Regime, the Transitional Government Seeks to Finance the 2020 Budget from the Pockets of the Simple People of Sudan

بسم الله الرحمن الرحيم After evaporation of the transitional government’s dreams of financing the 2020 budget, through the conference of so-called Friends of Sudan, which was held in Khartoum on Wednesday 11/12/2019, the government resorted, in the manner of the defunct regime, to finance the budget from the pockets of the simple and the oppressed […]

O Minister! Do we eat a “summer watermelon” while the IMF and its deadly doses kill us?!

In a dialogue with him on The Sun FM, Thursday 26 December 2019, the Minister Tawfeeq Al-Rajhi who was assigned for major reforms said that indeed “there is no comment for the sixth tranche of the IMF loan to Tunisia”, in response to the threat from the representative Jerome Vacher, not to spend the next […]

Financial Policies and Economic Remedies on both Sides of Yemen are Wrong

From Thursday until Saturday [19/12/2019 – 24/12/2019], the Houthis launched a violent attack on the monetary policy of Hadi’s regime in Aden by announcing their withdrawal of the new denominations of the local currency of One Thousand, Five Hundred, Two Hundred and One Hundred Riyals that the Central Bank recently printed and leaked into their […]

Renaissance Dam: A Time Bomb, and Rulers Misleading after their Neglect

Yesterday, Saturday, 21/12/2019, the third round of negotiations for the Renaissance Dam began in Khartoum, at the level of experts and technicians, headed by the ministers of irrigation and water resources of Egypt, Sudan and Ethiopia, with the participation of observers from the World Bank and the United States. This meeting comes after the second […]

The IMF and Its Economic Hit-Men have Made Pakistan Defenseless Prey for the International Usury Mafia

The latest State Bank report exposes the regime’s tall claims regarding improved foreign exchange reserves and reduced trade deficit, because of foreign investment. The main reason behind the recent large inflow of dollars is foreign investment in treasury bills, which were offered for three months at one of the world’s highest interest rates currently, 13.6 […]

Q&A: Is it Permissible to Buy a House Before it is Built under the Sale of Salam or Istisna’a (Manufacturing)?

Yuce Ulfa’s Question: Assalam Alaikum Wa Rahmatullah Wa Barakatuh: Our honourable Sheikh, may Allah protect you and aid you with His victory. I have a question: is it permissible to sell the house by Istisna’a contract? For example, a man has a land and sells the house that will be built in his land by […]

When Will the IMF Dictated Practice of Handing over Pakistan’s Profitable and Valuable Organizations to a Capitalist Elite End?

The Bajwa-Imran regime is now busy handing over Pakistan’s most prized assets to a select capitalist elite under the banner of privatization, as if it is an open loot sale. On 28 November 2019 the Economic Coordination Committee (ECC) of the cabinet discussed the accelerated privatization of two Liquid Natural Gas based 2,450MW power plants […]

Submission to the IMF’s Recommendations is a Major Crime

During a hearing in the Parliamentary Interim Finance Committee charged with studying the Supplementary Finance Act of 2019 and the Finance Act of 2020, on 22/11/2019, Finance Minister Ridha Shalgoum pointed out that the House of Representatives and the next government have two options: either to adjust fuel prices or receive external loans, leaving the […]

The Bajwa-Regime Fulfills IMF Conditions, Falsely Presenting them as Pakistan’s Economic Success

Imran Khan’s enthusiastically tweeted on 19 November 2019 that “Pakistan economy finally heading in right direction,” citing the improvement in the Current Account Deficit (CAD) as an evidence. The CAD exists when the value of imported goods and services, exceeds the value of exports. However, far from being a cause of celebration, in Pakistan’s case, […]

Peace and Prosperity in South Asia Can Only be Ensured by the Dominance of Islam

Pakistan’s Prime Minister, Imran Khan, has called for regional peace, stressing that friendly relations between India and Pakistan are vital for peace in South Asia. “Rather than fighting each other, together we [Pakistan and India] can fight poverty, challenges of climate change and hunger,” the prime minister said while addressing the concluding session of Margalla […]

The Bajwa-Imran Regime’s Lies about Economic Recovery are Exposed by its Out-of-Touch Claims of Dirt-Cheap Tomatoes

The Bajwa-Imran regime’s gaudy self-praise over economic recovery is adding salt to the injuries of the peoples, with the IMF approved Advisor to Prime Minister on Finance’s delusional claim that tomatoes are available at Rs. 17/kg, when they were being sold at Rs. 300/kg, becoming the subject of public ridicule. Fundamentally, it is Democracy that […]

Drowning Our People in Economic Misery to Fill the Pockets of Colonialist Vultures is not Economic Turnaround

On 19 October 2019, Imran Khan congratulated his “home-grown IMF team” for turning around the economic situation in one year, sparking debate for days. However, is it an economic turnaround to drown people in economic misery just to ensure timely interest payments to colonialist vultures? One million have already been made jobless and four million […]

Concepts to be Corrected Regarding Inheritance

فَلِلذَّكَرِ مِثۡلُ حَظِّ ٱلۡأُنثَيَيۡنِ “(Share) for male is equal to the share of two females” [Surah an-Nisa’a 4:11] There are verses in the Book of Allah which secularists and enemies of Islam are itching to abolish if they could. Malicious people always direct their arrows of slander and falsehood toward Islam through these verses, and […]

Pakistan’s Stagnant Economy Needs the Islamic Economic System to End Repetitive Crises

The World Bank has said that Pakistan’s economy is slowing down, as it faces yet another macroeconomic crisis due to high deficits and low foreign reserves. In the latest edition of its report titled “South Asia Focus: Making (De)centralisation Work”, that was released on 13th October 2019, the Bank noted that with an IMF extended […]

Pakistan is in Need of Strong Military Industrial Development, Including Space Technology, to End Dependence on the Colonialists

The Indian Space Research Organization (ISRO) on 17 September 2019 thanked Indians in the country and abroad for the support it received after the space agency lost contact with the lander of the second lunar mission Chandrayaan-2, minutes before touchdown on the lunar surface on 7 September. As for Pakistan, the failure of Indian space […]

Q&A: The World Oil Markets To: Abdul Al-Aziz Almanis

Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuh our precious Ameer; May Allah grant you a great powerful victory and establish the Khilafah by your hands. My question concerning the first reason (the world oil markets) leading to tension between America and Iran in the answer to the question: The Reality of tension between America and […]

Q&A: Hastening the Repayment of the Debt and Deducting part of it

Question:                                                                May Allah bless and protect you our Sheikh I have a question on this subject … Now I am working for a private institution, and it deducts from my wage for insurance and pensions. I want to take part of this amount of money that was deducted from me, but the institute obliges me […]

Capitalist System is an Inhumane System Which Will Never Solve Pakistan’s Economic Problems

On 13th July 2019, traders across Pakistan went on a strike against the new tax policy of the government and did not open their shops and markets. There is no doubt that every citizen of Pakistan is distressed and worried because of heavy taxation imposed by the Bajwa-Imran regime on IMF dictation. The poor are […]

Q&A: The OPEC+ Charter

Question: The Riyadh website published on July 9, 2019 that Saudi Arabia had played an influential role (in the agreement signed by the Organization of Petroleum Exporting Countries (OPEC), along with other non-OPEC producers last Tuesday, and was named the “Vienna Alliance.”. Does this mean that a new organization was formed in place of OPEC? […]