All posts tagged: economy

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 […]