Pakistan's Economy under the Khilafah (1434 AH - 2013 CE)

مقدمة / Introduction

Allah Almighty says: "Have you not seen those who have exchanged the favor of Allah for disbelief and settled their people [in] the home of ruin?" [Ibrahim:28]. Despite the enormous material resources and large human resources in Pakistan, the economic problems are numerous, including unemployment, agricultural problems, underdeveloped industry, taxes, and other problems that paralyze the economic engine, rising prices, as well as high energy prices and lack of availability. The budget announced by the Kayani/Sharif regime will not solve any economic problem in Pakistan, but on the contrary, will exacerbate it, because the 2013 budget is only a continuation of the colonial policies that have deprived Pakistan of its true capabilities - since its inception in 1947 - which are imposed by the World Bank and the International Monetary Fund. These policies include stifling economic activity with huge taxes, and drowning Pakistan in debt through high-interest colonial loans, as well as undermining state ownership of basic infrastructure, and preventing the establishment of a heavy industrial base based on the war industry so that Pakistan remains dependent on foreign imports in sensitive economic aspects. It also includes invalidating any attempt to advance agriculture in agricultural lands to prevent competition with Western agriculture, and insisting on linking the currency to paper money instead of linking it to real wealth (gold and silver) so that the currency constantly loses its purchasing power, and monopolizing public ownership of huge sources of wealth such as oil, gas, and electricity in order to paralyze the economy. These destructive colonial policies are a constant feature of the various governments that adopt man-made laws in Pakistan. And the Kayani/Sharif regime is no exception.