Today: 31 May 2025
3 January 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

Tension between Israel and Palestine flare up

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

Pak exports to Middle East hit a snag, fall by 12%

The exports saw a mixed trend with a rise to

Two Pak women gang-raped, paraded

At least 12 men have been arrested, including constable Gulzar