January 3, 2022
2 mins read

Pakistan Jamaat Targets IMF

Sirajul Haq, chief of the Jamaat-e-Islami (JI) rejected the interest-based economic system, saying that Pakistan was not created for usury and corruption….reports Asian Lite News

 Sirajul Haq, chief of the Jamaat-e-Islami (JI), has announced an anti-government movement, saying that the State Bank of Pakistan (SBP) is no longer in its control, rather it has been subordinated to the International Monetary Fund (IMF), The Express Tribune reported.

Addressing a public rally in Islamabad, the JI chief called for SBP Governor Reza Baqir’s resignation, saying if the latter is not removed, “we can besiege SBP”.

He also called for Prime Minister Imran Khan’s resignation, saying that there are mafias all over the country, and 2022 will be the last year of the government. He announced an anti-government movement that would culminate in Islamabad, the report said.

IMF projects 6.6% growth for B’desh

Siraj rejected the interest-based economic system, saying that Pakistan was not created for usury and corruption.

He said that other countries, including the US, UK and Japan, have “reduced interest rates to zero” but Pakistan’s system was chained under a “conspiracy” as 35 to 45 per cent of its income goes to interest-bearing loans.

He also said that the government makes false claims of a Islamic welfare state, while the experience of 75 years suggests that the country could not develop because of interest, the report said.

Imran’s hybrid regime is crumbling

He added that the interest-free trade bill was unanimously passed by the Senate, but the government does not want to introduce it to the National Assembly.

The JI chief pointed out the “failures” of the government, ranging from Pakistan’s retention on the Financial Action Task Force’s (FATF) ‘grey list’ to the introduction of ‘mini-budget’, The Express Tribune reported.

He suggested a nexus between the government and the opposition, saying that the latter facilitated the former’s moves instead of talking about the public’s problems.

He attributed the country’s rampant poverty to the interest-based system, which burdens the masses. He also said that people do not pay taxes in the country because of its corrupt rulers. He further pointed out how inflation is harming the masses.

He asked Prime Minister Imran Khan to tell the nation how many houses did his government build-out of the five million houses promised by the Pakistan Tehreek-e-Insaf.

ALSO READ: REVIEW 2021: Pakistan Fails to stem militancy

Previous Story

SPECIAL 2022: Unicef Concerns over children’s safety

Next Story

Former South Korean President Park Geun-hye set free

Latest from -Top News

American missionary abducted in Niger

The US Embassy in Niamey issued a security alert warning that American citizens “remain at a heightened risk of kidnapping throughout Niger, including in the capital city”…reports Asian Lite News An American

Ouattara predicted to win fourth term

Around 8.7 million Ivorians were registered to vote, though analysts had predicted a lower turnout compared with the last two elections, when participation slightly exceeded 50%…reports Asian Lite News Votes were being

Russia Fires at EU

Zakharova called the sanctions package “illegal” and “self-destructive”, while accusing Brussels of isolating itself on the international stage…reports Asian Lite News Russia’s Foreign Ministry Spokeswoman Maria Zakharova has slammed the European Union’s

Mamdani Hits Back at Racism

Mamdani criticised rivals for spreading “hatred,” saying their Islamophobia harms him and nearly one million Muslims in New York….reports Asian Lite News New York City mayoral candidate Zohran Mamdani on Friday delivered
Go toTop

Don't Miss

Balochistan: School Bus Targeted in Deadly Blast

The attack, suspected to be a planted Improvised Explosive Device

Nurse exodus leaves Pakistan’s healthcare in ruins

This crisis reflects more than just statistics. It is a