All posts filed under: Economy

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? […]

From the Online Economic Conference, Hizb ut Tahrir Wilayah Bangladesh Address to the Nation

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 […]

After Linking Economic Sovereignty to National Sovereignty, Bajwa-Imran Regime Hands over Pakistan’s Economy to the IMF

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 […]

On IMF Instructions, the PTI Government Causes Inflation through Rupee Devaluation, then Chokes our Economy to Combat it, Drowning us in Floods of Economic Misery

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 […]

Annual Budgets Estimates Will Not Save the Public from Economic Crises of Capitalism

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 […]

The Trade War

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 […]

Pakistan’s Rulers Submit to the IMF, so Colonialist Plans, Companies and Creditors Advance at Our Expense

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 […]

Reject the Colonialist National Budget that Squeezes Us and Our Armed Forces to Protect Foreign and Local Creditors and their Capital

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 […]

Q&A: Dissolving a Company and the Refutation of Commercial Company of Joint Liability

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 Treacherous Awami Government is Crushing the Backbone of our Agriculture in Favor of India and the Local Capitalist Syndicate

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 […]

The Khilafah will Ensure Sizeable Revenues for the State, without Burdening the Poor through Cruel Regressive Taxation

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 […]