The exacerbation of the debt crisis makes debtor countries unable to service the debt (installments and usury), so all their concerns become an attempt to reschedule their debts and take new loans to revitalize their economy, and until this is done, they are required by the creditor countries group called the Paris Club, as well […]
Question: Assalamu Alaikum Wa Rahmatullah Wa Barakatuhu, I would like to enquire about the following type of purchase: “Buying a car with a portion of its price, the rest of the payment is done as personal cheques, but the seller refuses to give up the car except after he receives the payment of the final […]
The latest report of the Ministry of Finance revealed that in the first six months of current fiscal year 44 percent more in direct tax has been extracted from people although in the same time period import of oil and gas and their domestic production dropped to 20 and 10 percent respectively. This huge burglary […]
International media reported that the United States is likely to throw its weight behind Pakistan at the forthcoming plenary of the Financial Action Task Force (FATF) in Paris and save it at least from being placed in the “black list”, if not removed from the “grey-list.” The Financial Action Task Force (FATF) is holding its […]
The Government of Sudan Raises the Prices of Gasoline more than Four Times The Ministry of Energy and Mining issued a new price for gasoline fuel, which it called commercial, which stipulated that the price of one liter to be 28 pounds, and the gallon at 126 pounds, an increase over the current price more […]
بسم الله الرحمن الرحيم O Muslims of Pakistan! We were shaken by the highest inflation we have seen in twelve years, a staggering 14.5%, in January 2020, with food inflation standing at a crushing 20%. Our backs have been broken; our hard earned notes flying from our hands, with little to see in return. As […]
After Pakistan saw its highest inflation in twelve years in January 2020, the Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, claimed on 3 February 2020 that, “the nation will see that soon the prices start falling down.” However, the regime is misleading the people. The back-breaking inflation is the […]
The BBC reported that the Chinese city of Wuhan is set to build a hospital in six days in order to treat patients suspected of contracting the coronavirus. The outbreak began in Wuhan, home to around 11 million people. Hospitals in the city have been flooded with concerned residents and pharmacies are running out of […]
The Pakistan Tehreek-e-Insaf (PTI) government on Thursday found itself in a tight spot after global anti-corruption watchdog Transparency International Corruption Perception Index (CPI) revealed that corruption increased in Pakistan in 2019, compared to the year before. (Source: pakistantoday)
Since Edelman began measuring trust 20 years ago, it has been spurred by economic growth. This continues in Asia and the Middle East, but not in developed markets, where income inequality is now the more important factor. A majority of respondents in every developed market do not believe they will be better off in five […]
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 […]
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 […]
Outgoing World Bank Country Director Bella Bird advised the government to sustain and invest more in poverty eradication initiatives that impact lives of needy groups for the country is to achieve its various development goals. (IPP MEDIA 15 January 14, 2020)
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 […]
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 […]
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 […]
Question: Allah bless you and benefit us with your knowledge. Kindly our sheikh I have two questions: The first: What is the evidence that in the endowment (Waqf), it is required that the person who makes Waqf be the owner of the Ayn (object) of the endowed property? Second: Are there Shari’ rules other than […]
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 […]
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 […]
The Minister of Transport Turhan said; “Canal Istanbul project is of great importance for our country and our citizens in Istanbul. With many projects implemented for Istanbul, we aim to protect Istanbul from possible dangers as well as to reach a cleaner Istanbul. Every project we have done so far has provided less exhaust gas […]
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 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 […]
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday increased the tariff on electricity by Rs0.26 per unit. A notification was issued by the ministry of power, energy division after the authority’s approval. (Source: geo.tv)
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 […]
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 […]
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 […]
