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 […]
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, […]
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 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 […]
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 […]
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 […]
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 […]
The trade war between the United States and China that began in 2017 has today grown in size and scope that no one would have envisaged. The US has applied 10% to 15% tariffs on $300 billion of Chinese goods. Another $250 billion, previously taxed at 25%, will now be taxed at 30 percent. In […]
IPOH 29 Sep. – More sessions of the Malaysia program to “Buy Muslim-made First (BMF) will be done through cooperation with the management of the mosque in the state thereby extending the reach to consumers.
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 […]
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 […]
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 […]
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 […]
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? […]
“ISLAMABAD: Pakistan has committed to further increase electricity tariff from next month (August) and is also bound to fully implement the Financial Action Task Force’s (FATF) 27-point action plan in three months as part of the $6 billion programme conditions, reveals an International Monetary Fund (IMF) report.” (tribune.com)
Question/Comment: Does 18-Karat gold also have material value?* *The headline of the issue number 836 was “Zakat is Applied on the Pure Gold”. Samir Ibrahim
Join the Movement to remove Tyrant Hasina Regime and re-establish the Khilafah State Sheikh Hasina’s So-called Development Policies are Deceitful and Destructive, while the Imminent Khilafah State will become a Leading Economy Hizb ut Tahrir / Wilayah Bangladesh today (Friday, 5th July 2019) at 3:30pm successfully organized the Online Economic Conference entitled “Economic Vision of […]
On Wednesday, 26 June 2019, Charles Njagua Kanyi, a Kenyan MP in Starehe Constituency from the ruling Jubilee Party, was arrested on charges of incitement to violence over his xenophobic utterances against foreigners (Tanzanians, Ugandans, Pakistanis and Chinese) operating businesses and dominating markets in Nairobi. [Daily Nation]
On 3rd July 2019, the IMF’s spokesperson Gerry Rice declared via a tweet that “IMF Executive Board approved today a three-year US $6 billion loan to support #Pakistan’s economic plan.” Just a few days before, on 28th June 2019, General Bajwa had insisted, “There cannot be any sovereignty in the absence of economic sovereignty.” Yet […]
In order to fulfill IMF conditions, the government has implemented the colonialist demand for “competitive exchange rates,” which has weakened the Rupee, resulting in back breaking inflation. The plummeting rupee then had an impact on petrol and gas prices, which are tied to the dollar, with OGRA setting gas prices according to a rate of […]
Most people have a clear idea of what a desert is – a vast barren of land with little water and life. However, modern cities have their own man-made version of a humanitarian crisis in the form of Food Deserts. These are areas with a high number of socially deprived citizens living in poverty or […]
On Thursday, June 13, 2019, the Cabinet Secretary for Treasury Henry Rotich, released the estimates of 2019/2020 Budget. The estimates amounted to 3.02 trillion Shillings with fiscal deficit standing at 607.8 billion shillings. With deeply steeped in debt that already has hit Sh5.6 trillion, the Government is expected to borrow more in the next financial […]
Today’s far eastern region is experiencing an extreme economic dynamism. Simple statistics dramatically highlight that reality. Ever since post 1991 the East Asian region became roughly equal in GNP compared to North America. Due to the factors of globalization many developing countries became part of multilateral organisations IMF and the world bank, due to capitalism’s […]
بسم الله الرحمن الرحيم On 11 June 2019, the Minister of State for Revenue, Hammad Azhar, proposed a national budget that came as a hammer blow to the people. At a time the economy is already suffering immensely due to the choking effects of huge taxation on buying, selling and production, the Federal Board of […]
The government plans to present an austerity-oriented budget providing a “Slight” relief to middle and low grade government employees, including military personal, with no increase in the salaries of army officials of high ranks. This was said by special assistant to the Prime Minister Dr.Firdous Ashiq Awan. (epaper.dawn.com)
The mounting fear over budget revelations over taxation and cuts were proved valid much to the dismay of the long suffering Muslims of Pakistan. After the staff-level agreement with the International Monetary Fund (IMF), the Minister for Revenue, Hammad Azhar, announced a budget on 11 June 2019 that both crushes Pakistan’s economy with oppressive taxation […]
In capitalism, unrestricted privatization is prescribed as the cure for both poverty and lack of development. It is precisely this position that was adopted on 10 June 2019 by the Advisor to the Prime Minister for Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh, where he stated that it is a government priority, “To […]
Assalam Alaikum Wa Rahmatullah Wa Barakatuh, Dear Brother, Amir of Hizb ut Tahrir, May Allah protect you and look after you, and may He give you tawfeeq (success) to all that is good. The first question: Is there a difference or contradiction between the following statements; or is there a deletion in the second statement […]
The Khilafah (Caliphate) will free the Farmers from the Clutches of these Criminals and ensure Food Security The government is trying to appease the escalating angry protests of farmers regarding the drastic fall of the selling price of rice by declaring rice procurement programs at the local supply depots. The suffering farmers claim that the […]
In accordance with the agreement with the IMF, on 26 May 2019 the regime’s economic team firmed up budget proposals for taxation measures, for 2019-20. On 25 May 2019, the regime announced it would increase next tax collection target to Rs5.550 trillion, almost 35.4 percent more than the current year’s revised estimate. The 35% increase […]
