Pakistan

What is missing due to financial constraints

“We want,” Jinnah said, based on the experience of Pakistan on 22 March 1940, “our people to fully develop our spiritual, social, economic, cultural and political life in the way we think, and in accordance with our goals and skills. of our people. ”

The PTI Federal Government will deliver its 2021-22 budget by June between its Minister of Finance. The vision of Prime Minister Imran Khan on economic and social development has seen one of the most disturbing developments since taking office. He started with his party hero Asad Umar, a former chief of staff at the Minister of Finance but soon resigned from his post and brought in technology Hafeez Shaikh to fulfill his vision. But after two years of economic growth, he realized that Hafeez Shaikh was stepping down. Khan turned his back on politicians, Hammad Azhar’s brilliant economist but his interest was not in the general assembly. And now we have technocrat Shaukat Tareen, a professional banker, back in office to fulfill Khan’s dream of a better government and the “Riyasat-e-Madina” come true. Shaukat Tareen in his questions and interviews presented his ideas for reform to create a cohesive, inclusive and secure economy in Pakistan. Creating an economy that will empower the poor and needy in this country. The effectiveness of his ideas will be evident in the next few months. The economy that is forced by debt and the IMF and World Bank foreign exchange programs and high interest rates in between, is hard to turn into overnight money.

The question comes, how have Khan’s dreams of a Health regime come true?

The point is that we have deviated from our ideologies and needs as stated by Quaid and as Islamic teachings. Our governments have tried to follow foreign economic systems to please their masters and to be in harmony with the World, but in destroying our people and resources.

As mentioned at the outset of this article, Quaid’s vision was to create a unique, non-borrowed way. And most of all, the Islamic economy, which was the basis of the Riyasat e Madina, the security government, was secure and never borrowed. But if we look at the economic and social system in Pakistan, it is not obvious but borrowed. It is based on Western Capitalism and free market trade and is ignored by their financial institutions. Over the past 70 years, we have run 12 IMF programs, restructured our economy, brought in a number of financial institutions and consultants but our economy has always failed to move forward. As a result, we see oppressed people striving to achieve their goals. We see significant differences in the economy, high unemployment, extreme poverty and illiteracy, health problems, infrastructure failures, low productivity and high GDP. They are all in debt to each other. We have a high risk of food shortages around the world. Our agriculture, which caters for about 60% of the population, has been threatened with extinction. We have one of the worst offices in the world. Well-chosen people and their status have made the rich poorer and poorer. Wealth, slavery, economic inequality, economic inequality, debt consolidation, savings, banking and economic inequality have added to our already deteriorating economic system, development and justice. Our lives are crippled.

“Pakistan’s economic system is reminiscent of the blind adage that gripped the elephant’s tail and concluded that the Elephant was a species.”

The point is that we have deviated from our ideologies and needs as stated by Quaid and as Islamic teachings. Our governments have tried to follow foreign economic systems to please their masters and to be in harmony with the World, but in destroying our people and our economy.

Quaid addressed the State Bank of Pakistan at its first meeting on July 1, 1948. “Western economic policies have led to unresolved social problems. two world powers … The Western world, despite its technological and technological advantages, is at a crossroads today.

But seventy years ago we followed the same procedure Quaid warned us. And until we change the whole system, we will not be able to do well and improve. Our main goal should be to change and transform all machines. And our approach to this issue must be transparent, realistic, transformative and creative. We must continue to emulate Western economic instability and adhere to true Islamic and secular principles. We will disrupt the status quo, seize the upper castes, favor and favor our wealth and redevelop our wealth on new foundations that provide for our needs and help lift our economy and social justice and create justice and equality in this country. We need to rebuild our banks and curb interest, distinguish halal from haram, create optimization instead of high-performance, commercialization, fair distribution of resources, ban on storing wealth with many hands. We will also build Islamic zakat and Khiraaj roads and properly distribute the settlements. And we will promote justice for all in the country. In this way we can achieve our health vision.

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