All posts tagged: debt

The International Economic Order Prevents the Rise of the Islamic Ummah as an Economic Power!

Pakistan’s rulers use the US dollar for international trade, in obedience to the colonialist IMF. Amidst a shortage of dollars, the rulers also take interest-based loans in dollars to finance our economy. The Rupee weakens against the dollar, unleashing back-breaking inflation, whilst Pakistan is plunged into an ever growing, interest-based debt. In the Khilafah, the […]

As Long as the Pakistani Rupee is Not Linked to Gold and Silver, It Will Continue to be Devalued, Drowning Us in Back-Breaking Inflation

The Pakistani rupee has been depreciating rapidly over the past month. On 10 July, 2021, one dollar was selling at Rs. 155.92, whilst on 5 August 2021, one dollar was selling at Rs. 163.41. Thus, in less than a month, the rupee has lost Rs 7.49, or 4.8 per cent, of its value against the […]

Taxation under the Capitalist Economic System is Oppressively Regressive, Breaking the Backs of the Needy and Indebted

The revenue target for the next financial year, 2021-22, is targeted at Rs. 5.829 trillion, compared to Rs 4.691 trillion for the closing financial year, 2020-21, showing an overall increase of Rs1.138tr (24 percent). This is whilst the IMF has set a target of Rs 10 trillion for 2024-2025.

Q&A: The Prayer that a Muslim Has Not Performed is a Debt on His Neck that Must be Made up

Question: Assalam Alaikum wa Rahmatu Allahi wa Barakatuh After Greetings: I came across your page recently, by the help of a friend from the members of Hizb ut Tahrir. I was impressed by your enlightenment in the presentation and the strength of the argument, especially the answers to the jurisprudential questions.

The IMF and the World Bank Ensure Economic Dependence of Pakistan to Ensure Western Cultural, Economic and Political Hegemony

Pakistan’s rulers continuously plea economic compulsion over the issues of the honor of the Prophet (saw), Occupied Kashmir and securing US influence in Afghanistan. However, they are the ones who tie Pakistan to the IMF and World Bank, which are institutions conceived by the US to control the economies and monetary policies of states around […]

The New IMF Deal is Open Enmity against the Muslims which a Change of Finance Minister Cannot Fix

The Capitalist System must be Uprooted Complying to IMF dictates, the government of change has committed to a host of destructive back breaking measures. It will raise an additional Rs. 1272 billion in taxes for the next financial year, chasing a target of Rs. 5963 billion, when it failed to meet the Rs. 4691 billion […]

Pakistan News Headlines 06/09/2019

Through Obedience to the IMF, Democratic Rulers can Never make Pakistan Industrially Strong How is it Justice that Pakistan Justice Movement (PTI)’s Waive 200 Billion Rupees from Industrialists, whilst Increasing the Tax Burdens on the Common Man? The Political and Military Leadership of Pakistan is Responsible for Responding to the Aggression of the Hindu State […]

Kenya Exporting Oil: Profit to Colonial Multinationals and Misery to Citizens

President Uhuru Kenyatta on Monday morning, flagged off the first 200,000 barrels of crude oil from Kenya. UK-based Chinese company, ChemChina, bought the first batch of the Kenyan crude oil at Ksh1.2 billion (USD12 million). This is part of the Early Oil Pilot Scheme (EOPS), which is an important step towards the South Lokichar Full […]

Pakistan News Headlines 18/8/2019

Debt Trap is Part and Parcel of Capitalist Economic System 121 billion Rupees Increase in the Power Revenues is through Crushing the People Loss of Life during Rains in Karachi is Due to Democracy Debt Trap is Part and Parcel of Capitalist Economic System The federal government’s total debt stood at Rs31.784 trillion as of […]