The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]
Record high prices of oil commodities were reported in Pakistan, with Petroleum at Rs. 137.79 per liter and High Speed Diesel at Rs. 134.48 per liter. [The News]. Pakistan is greatly affected by the high prices of petroleum because every industry in Pakistan is dependent upon petroleum in one way or the other. Increase in the […]
As always expected, once again, fuel prices have risen to astronomical level in Kenya’s history after the State discontinued a subsidy scheme introduced in April to ease public outrage over the high cost of living. The energy regulator — Energy and Petroleum Regulatory Authority (Epra) — removed subsidies of Sh7.10 on petrol, Sh9.90 on diesel […]
Pakistan Will Be Enslaved by Oil Prices Set by the Colonialist Powers, Until It is Liberated by the Khilafah from its Nation State Prison The Price fixing of global oil prices is not based on economic principles or market demand, but only to secure the interests of the colonialist powers.
After a few days of commotion, which was denounced by the mouthpieces of the Pakistan’s rulers as a disrespect of democracy, an orderly series of speeches by the government and the opposition resumed, during the budgetary session of parliament. However, whether there is commotion or calm in the National Assembly, the current budget is nothing […]
Kenya has increased prices for super petrol despite a decline in the average landed cost of petroleum products, inflicting more financial pain on motorists. The Energy and Petroleum Regulatory Authority (EPRA) increased the price of super petrol by Ksh3.56 ($0.03) per litre while that of diesel and kerosene remain unchanged for the period May 15 […]
