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Pakistan’s Economy under the Khilafah

The Revival of Pakistan’s Economy under the Khilafah, Liberated by Islam from the Shackles of IMF and World Bank Policies

:: Content ::

Introduction 2
Revenue and Expenditure 5
Industry 15
Agriculture 22
Electricity 29
Inflation 32


Pakistan’s Prosperity Lies in the Khilafah

Allah (swt) said, ((أَلَمْ تَرَ إِلَى الَّذِينَ بَدَّلُوا نِعْمَةَ اللَّهِ كُفْرًا وَأَحَلُّوا قَوْمَهُمْ دَارَ الْبَوَارِ)) “Have you not seen those who have changed the Blessings of Allah into disbelief and caused their people to dwell in an abode of destruction?” [Surah Ibraheem 14: 28]. Despite the immense material and human resources of Pakistan, it is beset by economic problems. Amongst its problems are growing and large unemployment, underdeveloped agriculture and industry, crippling taxation, constant surges in prices as well as hugely expensive and constantly unavailable power.

The budget announced by the Kayani-Sharif regime does not solve any of Pakistan’s economic problems, rather it will worsen them. That is because the 2013 Budget is a continuation of the colonialist policies that have denied Pakistan its true potential since its creation in 1947. Imposed by the World Bank and IMF, these policies include strangulating economic activity with huge taxation, establishing colonialist loans with interest to keep Pakistan deep in debt, undermining state ownership of essential infrastructure, preventing the establishment of a heavy industrial base and state of the art weapons manufacture to keep Pakistan dependent on foreign imports to critical areas of the economy, invalidating any attempts to tie ownership with practical cultivation of agricultural lands to prevent a challenge to Western agriculture, insisting that the currency is linked to paper money rather than real wealth, gold and silver, so that it constantly loses its buying power as well as rendering illegal the public ownership of sources of immense wealth such as oil, gas and electricity in order to cripple the economy.

These destructive colonialist policies are a constant feature of any government that rules by man-made laws in Pakistan. And the Kayani-Sharif regime is no exception, for democracy is the system by which colonialist power ensure the securing of their interests. The 2013 Budget is a clear example for it is not much more than a cut-and-paste of the Letter of Intent signed with the IMF after the April 17-22 visit to the United States, of a six-member Pakistani delegation, including the secretaries for finance and economic affairs, the SBP governor, additional secretary for external finance and chairman of the Federal Board of Revenue. As such democracy is just a rubber stamp for colonialism and the cause of our miseries as it prevents the comprehensive implementation of Islam. Allah said, ((وَمَنْ أَعْرَضَ عَنْ ذِكْرِي فَإِنَّ لَهُ مَعِيشَةً ضَنكًا)) “Whosoever turns away from My Reminder (Qur’an) verily, for him is a life of hardship.” [Surah Taha 20:124]

The only way for establishing the economic revival of Pakistan on a firm footing is the abolition of democracy and the return of the Khilafah to these Muslim Lands. This details the blessings that Islam will bring to the economic life of the Muslims. Hizb ut Tahrir has produced a vast culture on Islam’s economy as well as a constitution. Moreover it has a government in waiting for implementation of Islam under the leadership of its Amir, the eminent jurist and statesman, Sheikh Ata Bin Khalil Abu Al-Rashtah.

Under the Khilafah, Islam will uniquely unleash great funds from the economy to fuel agricultural and industrial development, without crippling taxation, through a radical restructuring of state, public and private ownership amongst other measures. Islam mandates the building of a powerful heavy industrial base, supported by world leading research, to propel the Khilafah in its role is a leading state. The agriculture under the Khilafah was the envy of the world for centuries and will be again as Pakistan will witness a return to the linking of ownership of lands with its practical cultivation, which will simultaneously increase rural means of livelihood as well as food security for the Ummah’s state. The currency of the state will be established on the gold and silver standard again which is the sure footing for the elimination of inflation from its root. And the energy resources will be returned to public ownership so that power is provided readily as well as cheaply. Thus the Khilafah will demonstrate practically to a world that is crippled by the collapse of corrupt capitalism the truth of the Deen of Islam.

((وَابْتَغِ فِيمَا آتَاكَ اللَّهُ الدَّارَ الآخِرَةَ وَلاَ تَنسَ نَصِيبَكَ مِنَ الدُّنْيَا وَأَحْسِنْ كَمَا أَحْسَنَ اللَّهُ إِلَيْكَ وَلاَ تَبْغِ الْفَسَادَ فِي الأَرْضِ إِنَّ اللَّهَ لاَ يُحِبُّ الْمُفْسِدِينَ))

“But seek the abode of the Hereafter in that which Allah has given you, and do not neglect your portion of worldly life, and be kind even as Allah has been kind to you, and seek not corruption in the earth. Verily, Allah likes not the Mufsidun (those who are mischief-makers, corrupted).” [Al-Qasas 28: 77]