The Pakistani currency touched a critical threshold of Rs 200 in the open market against the US dollar during intraday trading on Wednesday, 18th May 2022, mainly due to the country’s depleting foreign exchange reserves and high imports, whilst drowning the people in inflation.
The most profound and detailed jurisprudence in human history is that of Islam. From the time of the Messenger of Allah (saw) Islam is characterized by its swift and fair justice. So, the Messenger of Allah (saw) personally inspected the markets and judging upon fraud and cheating. Islam did not enforce punishment in the case […]
Whilst claiming to make Pakistan a Madinah State, the rulers have crushed the people economically upon the demands of the IMF and the international economic order. Having claimed on 1 February any petrol price rises will be rejected, this tyrannical government raised the price to a historical high at Rs. 159.86 per liter. Whilst claiming […]
GST and income tax are regressive taxation. Regressive taxation burdens the poor and indebted. Islam forbids regressive taxation. The poor and indebted receive Zakah. The Khilafah taxes only the financially capable. Yearly Zakah on trading merchandise above Nisaab. Yearly Kharaaj from agricultural land owners. The Messenger of Allah (saw) said, لَا يَدْخُلُ الْجَنَّةَ صَاحِبُ مَكْسٍ […]
The Current Account Deficit (CAD) has increased by a whopping 81 per cent in August to $1,476 million compared to July during this fiscal year (FY22), mainly because of an ever-rising imports bill. Mr Tarin, Minister for Finance & Revenue, observed that the economy was in a state of growth and there was an increased […]
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 […]
