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 […]
As the Muslims of Pakistan are reeling under the IMF assault on the economy, the Prime Minister, Imran Khan, said on 19 May 2019, “I assure you that the country which will emerge as the leading economy in the region will be Pakistan.” However, Imran Khan’s repeated grand sweeping reassurances are built on hot air. […]
Just after Pakistan’s rulers reached an agreement with the IMF, the Pakistani Rupee collapsed in value in front of the dollar, which will unleash a flood of severe inflation and hardship on the masses. On 16 May 2019, the value of the dollar against the rupee reached almost Rs148 in the interbank market, another all-time […]
When the Prophet ﷺ was calling for the good (i.e. Islam), he ﷺ was simultaneously refuting the prevailing system of ignorance (Jahiliyah) and exposing its corruption. So with his call to worship Allah alone (Tawheed) and to leave the worship of idols, he also attacked the corrupt system they lived in, condemned their cheap lives, […]
In its press release no. 19/157, dated 12 May 2019, the International Monetary Fund confirmed an agreement with Pakistan’s rulers, subject to approval by the IMF’s board of directors in Washington. Pakistan’s new budget will increase the tax burdens on its people, with the IMF stating that the budget will, “eliminate exemptions, curtail special treatments, […]
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government and the International Monetary Fund (IMF) are likely to announce a staff-level agreement on Friday, as the former has accepted most of the global lender’s demands. (Source: Pakistan Today)
Capitalism is indeed in crisis. This fact is increasingly being mentioned in mainstream media publications. The common theme is that the 2008 financial crisis has exposed the lack of regulation of the banks, so to save capitalism, a number of amendments need to be made. The left are asserting themselves again, calling for more government […]
Regarding the ongoing furious debate over the appointments of a former IMF official as the Governor of the State Bank of Pakistan and a former World Bank official as the Advisor to the Prime Minister for Finance, it is certainly not enough to merely reject Western economic hit men. In order for Pakistan to escape […]
