On June 10, 2023, the Parliament of the United Republic of Tanzania endorsed an inter-governmental agreement between Tanzania and Dubai which would allow Dubai’s multinational company DP World to operate Tanzania’s ports, especially one located in a city of the Dar es Salaam.
Successive Pakistani governments have consistently faced the challenge of fiscal deficits. It means the state is continuously short of resources to spend on the people. This shortage of resources faced by the state is the direct consequence of the economic governance structures implemented in the country. Pakistan’s ruling elite implements the capitalist economic model in […]
Türkiye: Inflation figures for December, which concern millions of working civil servants and retired civil servants, have been announced. The rate of increase in salary of civil servants and retired civil servants has been announced. Civil servants and retired civil servant retirees will get a raise of 16,47 percent. President Erdogan updated the 2023 rate […]
On 31 December, 2021, the Prime Minister of Pakistan Imran Khan inaugurated the New Pakistan National Health Card Program for the Province of Punjab. This card is to be used for treatment in both state and private hospitals. The Punjab government will pay 400 billion Rupees to insurance companies for this project, even though in […]
Prime Minister Imran Khan on Wednesday addressed the nation to announce a package to mitigate the hardships of the inflation-hit public. (https://www.dawn.com/news/1655727)
Electricity is expensive because of the capitalist economic order. Private companies raise costs to ensure profits. In Islam, electricity is public property that cannot be privatized. The Messenger of Allah (saw) said, «المسلِمونَ شُركاءُ في ثلاثٍ في الكَلَإِ والماءِ والنَّارِ» “The Muslims are partners in three things; pastures, water and fire (energy)” (Abu Daud). The […]
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 […]
On June 6, 2021 East African Finance ministers tabled their national budgets in their parliaments for the fiscal year 2021/22. In Tanzania’s context, the government plans to collect and spend a total of Tsh36.32 trillion ($15.59 billion), as its budget was tabled by the new Minister of Finance and Planning, Dr Mwigulu Nchemba.
The Guardian published headline analysis on the 15th of April: “Oxford/AstraZeneca Covid vaccine research ‘was 97% publicly funded’.” This came in response to the boasting of the UK prime minister, Boris Johnson, who said that the record-fast development of Covid-19 vaccines was “because of capitalism, because of greed!” The Guardian analysis contradicted that claim.
