All posts tagged: trade

The Rise of the Global South

The Global South is in vogue; everyone cannot get enough of them. China and Russia say they are the future and solicit their support and the West who for long neglected them now see them as essential to maintaining a liberal future. With the global balance of power in a flux the future structure of […]

Q&A: Blinken’s Visit to China

Question: CGTN (Chinese Global Television Network) published on 30/6/2023: (The Chinese Foreign Ministry criticized the United States for making irresponsible statements about bilateral relations. US Secretary of State Anthony Blinken said in an interview earlier that Washington will continue to defend its own interests, and will continue in taking actions and making statements that China […]

Q&A: The Saudi-Iranian Reconciliation

Question: A joint Saudi-Iranian-Chinese statement was issued on 10/3/2023 about reaching an agreement to resume relations between Saudi Arabia and Iran, and to open embassies within two months. To confirm the agreement, the Saudi king, on 19/3/2023, invited the Iranian president to visit Saudi Arabia. The talks were hosted and sponsored by China. The American […]

Federal Shariat Court’s Interest Prohibition: A Fig Leaf for Capitalism’s Ugly Side

The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]

Democracy and Its World Order are Shackles of American Slavery. Re-Establish the Khilafah (Caliphate) for Real Change

On 27 March 2022, Imran Khan revealed a regime change operation through US conspiracy at a rally, and announced a public struggle against US control over Pakistan. However, in just seven and a half months, Imran Khan officially ended this campaign. In an interview with the Financial Times published on November 12, he said, “As […]

The Constant Inflation is Due to Currencies that Lose their Value Constantly, as They are not Based on Gold and Silver

Like other currencies, the Dollar, the Pound and the Franc, originally, the Rupee was backed by real tangible wealth in the form of a precious metal. In the case of the Dollar, it was gold, in the case of the Rupee it was silver. This system stabilized the value of the monetary unit both internally […]

Economic Partnership Agreement A Tool to Perpetuate Colonial Dominance

On Tuesday, 9 March 2021 Kenya’s Parliament ratified the Economic Partnership Agreement (EPA) with the United Kingdom. The trade deal will give UK goods 25 years of tax free entry into Kenya. (Daily Nation) Comment: Kenya’s ratification follows that of UK’s House of Lords debate that took place on Tuesday, 2 March 2021. (Business Daily, […]

Views on the News 13/02/2021

Headlines: • COVID-19: Vaccine Nationalism, High Prices and Supply Chain Issues Slowing Worldwide Coronavirus Inoculation • No Change in US Policy on Kashmir, says US State Department • US-China Competition: A Bipolar Technology Order • After Two Hour China Phone Call, Biden says China will ‘Eat our Lunch’ • US Military in the Middle East, […]

Dr Reza Baqir and Dr Abdul Hafeez Shaikh Pakistan’s Economic Hit Men

The CVs of Pakistan’s Governor of State Bank of Pakistan and Finance Minister speak volumes about their Western credentials. Both have degrees from supposedly prestigious institutions, and have worked in many developed countries. And yet, beyond their research publications, one has the right to ask exactly which developing countries have they transformed into developed countries? […]