Tens of thousands of people across the country have been affected by heavy rainfall, flooding and landslides. Kenya, including the Horn of Africa has experienced intense rainfall linked to the El Nino weather phenomenon in recent weeks that has claimed dozens of lives, including over 100 in various parts of Kenya. Widespread damage to houses […]
One year after Kenya Kwanza regime was handed over, ruins of power, economic situation and livelihood of the ordinary citizens has worsened. The fact was with high expectations from citizenry to current regime to salvage and ease the cost of living and the burden of national debt, apparently the hopes have turned into mere mirage.
Hizb ut Tahrir / Australia extends its warmest greetings on this blessed and joyous occasion of Eid ul-Adha to all the Muslims, after spending the blessed first 10 days of Dhul Hijjah in obedience and drawing closer to our creator with righteous acts of obedience. Indeed Allah (swt) is most generous in showering His Mercy […]
Hizb ut Tahrir / Kenya would like to extend the warmest greetings on the blessed Eid ul-Adha to the Muslims in Kenya and the whole world in general. We convey our congratulations to the sons and daughters working tirelessly towards the reestablishment of the second Khilafah Rashidah (rightly- guided Caliphate) upon the method of Prophethood. […]
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 […]
On June 1, 2023, Hasina government has unveiled the national budget titled “Towards a Smart Bangladesh after the march of development” for the fiscal year 2023-24. Finance Minister AHM Mustafa Kamal placed Taka 7.6 trillion budget which is 13.5 percent bigger than FY 23 with a ‘supposed’ focus on tackling inflation, generating jobs, and efforts […]
The government’s major concerns in finalizing the FY24 budget are limited revenue income and compliance with IMF loan requirements. The record budget of Taka 7617.85 billion has a record deficit of Taka 2578.85 billion when foreign funding and loans are factored in. To meet the massive spending, a total revenue target of Taka 5039 billion […]
Kenyans are bracing for more hard and tough times over the proposals in the 2023 Finance Act. The tabled financial bill is reinstating 16 per cent value-added tax on petroleum products as well as introducing a housing levy of 3 percent. Prices of nearly all goods and services have gone up in recent months including […]
It is the Choice of the Political and Military leadership. On 13 February 2023, the Economic Coordination Committee (ECC) meeting, chaired by Pakistan’s Finance Minister, Ishaq Dar, approved an increase in gas prices of up to 112%, 29% for the commercial sector, 31% for the Compressed Natural Gas (CNG) sector and 29% for power plants. […]
On the 3rd of January, 2023, The National reported that the UAE would be removing its 30% taxation on alcohol sales. The measures were described as an initiative to boost the tourism industry and leverage the seasonal migration of visitors that compete with the regional entities that attract non-Muslim visitors seeking pleasure in the global […]
Our lands are rich, but we starve, as Democracy chains us to the IMF, with increasing taxation, interest payments, debt and inflation.
In a positive development, a debate has erupted over Islam’s ruling regarding adopting gold and silver as currency of the Khilafah, as a solution to the high inflation, which the Muslims of Pakistan face today. The debate has spread from those who advocate Islam, in support of gold and silver currency, to include those who […]
The worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the people with a huge debt while harvesting its proceeds to acquire properties, businesses, and citizenships abroad. (brecorder)
Regarding the hostile forces in the region, America’s hold on Afghanistan and the region is purely dependent on Pakistan. Realizing that without controlling Pakistan’s armed forces, it cannot succeed, America has instituted a policy to win agents for itself form amongst Pakistan’s political and military leadership. This is achieved through continual contact via America’s political […]
We will never see liberation from slavery to the US, that we so strongly desire, as long as we are ruled by Democracy. It is Democracy that allows its assemblies to pass the dictates, demands, policies and laws that the Western colonialists make to subjugate us. Thus, Pakistan’s economy is subjugated to the dictates of […]
Democracy’s judiciary will move at lightning speed to secure verdicts that favor the enemies of the Islamic Ummah, including the release of Raymond Davis and clemency for Kulbhushan Jadhav. However, Democracy’s judiciary drags its heels when it comes to the commands and prohibitions of Allah (swt) and His Messenger (saw). The Federal Shariat Court (FSC) […]
Pakistan’s Current System Secures the Economic Interests of the Kafir Colonialists Sufficient revenues in the state treasury are essential for looking after the affairs of the people and managing the state expenses, such as the armed forces, health and education. However, in Pakistan’s current system, both democracy and dictatorship take turns to secure the economic […]
The failure of democracy is glaringly obvious. After the failure of Musharraf’s presidential democracy and the parliamentary democracies of Zardari, Nawaz and Imran Khan, it is clear that any ruling system based on laws originating from limited human minds has failed. Such Western ruling systems have only enslaved Pakistan to Western colonialist exploitation for decades. […]
The immense concentration of wealth under the current capitalist world order has now reached intolerable levels. The World Inequality Report 2022 from the Paris-based World Inequality Lab stated that, “The share of the bottom 50% of the world in total global wealth is 2%… while the share of the top 10% is 76%.” The report […]
Doing the same thing repeatedly will never yield different results and that applies to Democracy. The experience of “New Pakistan” after old Pakistan failed because both old Pakistan and New Pakistan were in fact the same Pakistan, under the same colonialist, capitalist Democracy. The vision of New Pakistan, of eradicating corruption and ensuring transparent leadership, […]
Headlines: • Putin Accuses West of Coming with its Missiles to our Doorstep • Pakistan has no Choice but to Remain Under IMF Programme • China Accounting for Lowest Percentage of U.S. Imports since 2008 Putin Accuses West of Coming with its Missiles to Our Doorstep Vladimir Putin has accused the west of “coming with […]
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 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 […]
Even Imran Khan knows that the inevitable consequence of the IMF programmes is worsening poverty. Before coming to power, in an interview published in the British newspaper, “The Guardian,” on 18 September 2011, Imran Khan emphatically warned, “Every country I know that has had IMF or World Bank programmes has only impoverished the poor and […]
It is not a secret that economy is the backbone of human life hence leading to an urgent need for a system to drive the growth and distribution of resources (wealth) in the society. The economic system today is capitalist founded by a Western philosopher Adam Smith known as the ‘Father of the capitalist system’. […]
On 11 June 2021, in their budget announcement, Pakistan’s rulers made great fanfare of reducing taxation on certain sectors and increasing the salaries of government employees. Then, within days, the mouthpieces of the rulers made an even greater fanfare, through every platform available to them. However, in the same budget, Pakistan’s rulers increased overall taxation […]
The increase in taxes in Ukraine will provoke a slowdown in the economy and will automatically lead to an increase in prices for goods and services. This was stated by investment analyst Eric Nyman.
