All posts tagged: economy

Pakistan’s Rulers Tie Pakistan to Destructive IMF Policies in Every Budget, Ensuring Continuous Economic Misery

Whilst claiming there are not enough funds to care for those in hardship and initiate Jihad in the Path of Allah (swt) to liberate Occupied Kashmir and Al-Aqsa, the Bajwa-Imran regime throws our economy into the grave that the IMF has dug for it. The Bajwa-Imran regime ties Pakistan to the IMF policies in every […]

Under Capitalism, Every Calamity is an Opportunity for the Elites to Maximize their Greedy Interests at the Cost of the Common People

Beximco Pharmaceuticals has made a net profit of around Tk 77 from each of Oxford University-developed Covid-19 vaccine dose brought from India. The government has so far allowed Beximco Pharma alone to import and sell Covid-19 vaccines on the local market alongside the government’s limited mass vaccination program which began in early February. According to […]

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 […]

The Take Over of the State Bank of Pakistan by the Colonialist IMF is to Secure the Interests of Pakistan’s Creditors at Our Expense

The IMF’s demand regarding the State Bank of Pakistan is a project of structuring Pakistan’s economy in a manner that it can continue to pay back the interest on loans, with no regard whatsoever for the economic well-being of the people of Pakistan. The result will be increased interest payments on domestic debt, higher taxation […]

The Transitional Government Continues its Prayers in the Sanctuary of the International Monetary Fund in Prostration by Floating the Sudanese Pound

The Transitional Government in Sudan decided to float the exchange rate of the Sudanese pound against foreign currencies, starting from today, Sunday 02/21/2021. As the central bank allowed each bank to set the purchase price for free currencies, and cancelled the official announced rate of 55 pounds for the dollar, and the banks will start […]

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 […]