Analysis, Side Feature, South Asia

Pakistan Headlines – 18 May 2018

• Pakistan and Afghanistan Must be Unified under One Khaleefah
• Breaking the Debt Begging Bowl Mandates the Khilafah (Caliphate) on the Method of Prophethood
• Capitalism is the Cause of Huge Financial Losses to Muslims

Pakistan and Afghanistan Must be Unified under One Khaleefah

With the blessings of Trump, under the Washington inspired Afghanistan-Pakistan Action Plan for Peace and Solidarity (APAPPS), senior officials of Pakistan and Afghanistan pledged to make a fresh start in their relations that have mostly remained tense on 15 May 2018. Afghan Deputy Foreign Minister Hekmat Khalil Karzai and Pakistan’s National Security Adviser retired Lt Gen Nasser Khan Janjua during their meeting agreed to intensify efforts for success of APAPPS and “take a fresh start, bridge existing gaps, build formal mechanism of cooperation in all areas of mutual interests and take collective actions to strengthen trust between the two countries.” On the same day, aircraft of the US occupation forces, assisted by the forces of the puppet Afghan government bombed tribal resistance positions in the city of Farah after a major attempt to capture the provincial capital.

The Muslims of Pakistan and Afghanistan must reject their regimes’ cooperation and collaboration with the US as well as the division of their lands. They most both reject the Westphalian concept of nation state and work to unify as one state, ruling by Islam. They must call for the armed forces of Afghanistan and Pakistan, as well as the Muslims from the tribal regions, to unify as one force, wiping out the border that divides them and displacing the US and India from Afghanistan.

Elimination of the Durand line will not only make the Muslims of this region economically better off; they will be much better positioned to make a united stand against the political and security challenges posed the by Kuffar whether US or India. Divided we lose, united we gain. And Allah (swt) said,

(وَلاَ تَنَازَعُواْ فَتَفْشَلُواْ وَتَذْهَبَ رِيحُكُمْ)

“And do not dispute (with one another) lest you lose courage and your strength depart” (Surah Al-Anfal 8:46).

Indeed, peace and stability can only be established in the region by establishing the Khilafah (Caliphate) on the Method of the Prophethood in Pakistan and mobilizing all economic, political and military resources to liberate Afghanistan and unify Pakistan and Afghanistan as one Khilafah (Caliphate) as the beginning of the unification of the entire Ummah. As Hizb ut Tahrir stated in Article 189 of the Introduction to the Constitution that, “All the existing states in the Islamic world are considered to be part of one land and therefore they are not included within the sphere of foreign affairs. Relations with these countries are not considered to be in the realm of foreign policy and it is obligatory to work to unify all these countries into one state.”

Breaking the Debt Begging Bowl Mandates the Khilafah (Caliphate) on the Method of Prophethood

Pakistan’s external debt and liabilities have soared to a record $91.8 billion, showing an increase of over 50% or nearly $31 billion in the past four years and nine months, the State Bank of Pakistan (SBP) has reported on 17 May 2018. The external debt and liabilities of $91.8 billion as of March-end suggest that the figure may touch $100 billion very soon as the country faces grave challenges in meeting growing external financing requirements. Since June 2013, the PML-N government has acquired a whopping $42.6 billion in external loans, which is taking its toll on the national exchequer due to the mounting debt servicing cost.

Pakistan’s debt is ever increasing under the current system. During the reign of Pervez Musharraf (1999-2008), the rulers added $18 billion to the debt, whilst Pakistan People’s Party government added $19.6 billion in just four years of ruling. The Pakistan Muslim League-N government proved no different and is now borrowing loans to pay back previous loans. Even if the face changes, Imran Khan is committed to the current economic system and colonialist loan system and he has no Islamic alternative vision. Under the current capitalist system, the major sources of revenue are privatized, depriving the society of the means of financing its needs. The economy then becomes dependent on debt which comes with interest at levels that ensure continued debt, even though the principle is paid back many times over.

Debt to colonialist institutions comes with additional conditionality that worsen the situation, such as back breaking taxation, removal of subsidies and increased tariffs that choke buying and production. Imran Khan will also make the customary trip to Dubai to meet the IMF before the budget to determine the budget’s major points, continuing the destructive cycle.

The Khilafah really will smash the begging bowl. The Khilafah will rally the indebted nations to reject further repayment to colonialist financial institutions on the grounds that principals have been paid, but countries remain in debt due to the evil of interest. Allah (swt) said,

(ذَٰلِكَ بِأَنَّهُمْ قَالُوا إِنَّمَا الْبَيْعُ مِثْلُ الرِّبَا)

“They say that Riba is a form of trade. But Allah has permitted trade and forbidden riba.” [Surah Al-Baqarah 2:275]

The Khilafah will abolish all treaties with the belligerent colonialist Kuffar, preventing their dominance over our affairs for Allah (swt) said,

(وَلَن يَجْعَلَ اللَّـهُ لِلْكَافِرِينَ عَلَى الْمُؤْمِنِينَ سَبِيلًا)

“and never will Allah give the disbelievers over the believers a way [to overcome them.” [Surah An-Nisa’a 4:141]

The Khilafah will abolish foreign and local private ownership of Pakistan’s immense energy and mineral reserves, which are valued to the order of hundreds of billions of dollars. Islam has mandated these as public property, whose entire benefit is to be spent on our needs. RasulAllah (saaw) said,

«المسلمون شركاء في ثلاثة: في الماء والكلإ والنار»

“The Muslims are partners in three things: waters, feeding pastures and fire (energy)” (Ahmad)

Through the abolition of the capitalist stock share company, the Khilafah will end the dominant private ownership of capital intensive enterprises, such as heavy industry, large scale construction, transport and telecommunications, Instead, the Khilafah will implement Islam’s own unique company laws, that limit the scale of private ownership of capital intensive enterprises, allowing the state to dominate large scale sectors, so that it is better able to look after the people’s affairs and prevent wealth becoming concentrated in the hands of a few. Allah (swt) said,

(كَيْ لَا يَكُونَ دُولَةً بَيْنَ الْأَغْنِيَاءِ مِنكُمْ)

“So that the wealth does not circulate solely among the wealthy from amongst you.” [Surah Al-Hashr 59: 7]

Thus, Khilafah will not only prevent the need for colonialist loans, it will end the burdensome taxation on our needy and destitute that Shariah has forbidden in any case. RasulAllah (saaw) said,

«لا يدخل الجنة صاحب مكس»

“The collector of illegitimate taxes will not enter Jannah” [Ahmad]

So, it is high time that we re-established the Khilafah on the Method of the Prophethood so that our people can fully benefit from our resources in the light of Islam.

Capitalism is the Cause of Huge Financial Losses to Muslims

Stock market traders face 35% loss in the Pakistan Stock Exchange which shows that average loss on most stocks this year still stand at an alarming 35pc — twice the loss of 17pc represented in KSE-100 stocks. Trading at Pakistan Stock Exchange (PSX) remained dull while the benchmark index continued to shed points on the first day of Ramadan, 17 May 2018. The KSE-100 index closed at 41,870 points after losing 432 points with the overall trend of the market remaining downward with some sideways trading. It is the small investor who has yet again taken the brunt of the blow as most low-priced shares have been favorites of small savers, with almost a half of their savings gone. This is not the first time that stock market traders in Pakistan’s stock markets have suffered.

Earlier in 2008, when the stock prices in Pakistan collapsed with the index plunging by almost 55 per cent, or by 5,600 points as much as Rs1.4 trillion was wiped off market capitalization by January 24, 2009. The turbulence in stock markets is not unique in Pakistan but can be seen around the capitalist world. In October, 1987 the share prices in New York fell by 22% in one single day and a similar situation was witnessed during stock market crash in Asia in the late 1990s.

Stock markets are more like casinos or cobwebs that can easily be shaken. They are a symbol of capitalist greed. Had it not been for the Capitalist public limited companies, the usurious banking system and the inconvertible paper money, these parasitic markets would not have existed. As for the public limited company’ system, it is set up in the characteristic of the public company that has limited liability; hence if its business fails and losses are incurred, those who have rights upon the company would not be able to claim anything back from the investors. As for the role of the usurious banking system in the stock market, it shifts between inflating and deflating trading and prices as when the prices of some specific shares increase, banks tend to offer large amounts of money in terms of loans to those who trade in those specific shares, thus multiplying the amount of cash they have at their disposal, thus those traders would in turn rush to buy more shares and the prices would continue increasing to an exaggerated level and if the prices of some specific shares could fall for any reason, such as a rumor or the failure of a project this case would reduce their lending due to the decrease in the value of the shares and this would precipitate a fall in prices to an exaggerated level. And as for how the banks arrange this huge fund, the capitalism has find answer in printing more money. Thus stock markets are the hotbeds of the businessmen, for they do not produce any commodity that could be useful to people and there is no other incentive for the traders except a quick and easy profit which usually ends up with the inexperienced losing investments.

The world cannot be saved from the malady of the Capitalist economic system and the shocks in the money markets as long as these systems exist. The only thing which will save the world from the corruption of this Capitalist economic system and its public company system, the usurious banking system and the inconvertible paper money standard is its abolition as whole, whilst implementing the economic system of Islam with all its details as prescribed by Allah (swt), who has forbidden the limited liability companies and the usurious banking system while for currency has made gold and silver standard its basis, thus solving the problem from its basis.