Today: 19 August 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

Pakistan’s $5bn LNG Gamble Backfires

The report says the Pak government locked into ‘take-or-pay’ contracts without demand guarantees, misjudging LNG price volatility and market risks….reports Asian Lite News Pakistan’s $5 billion investment in LNG infrastructure tied to

Modi, Putin Discuss Alaska

Russian President Vladimir Putin on Monday spoke with Prime Minister Narendra Modi, sharing his assessment of last week’s meeting with US President Donald Trump in Alaska PM Modi reiterated India’s consistent stance

Egypt, Palestine PMs Discuss Gaza

Palestinian Prime Minister Mustafa highlighted that the Arab-Islamic peace plan stresses reconstruction of Gaza without displacement of its people Egyptian Prime Minister Mostafa Madbouly and his Palestinian counterpart Mohammad Mustafa met in

One Million Gazans Face Starvation

UNRWA: Hunger is spreading fast in Gaza. Women and girls are forced to adopt increasingly dangerous survival strategies like venturing out in search of food and water at the extreme risk of

UK MPs Urge Gaza Evacuations

96 MPs warned that children in the war-torn territory are facing “imminent death” unless immediate steps are taken…reports Asian lite News A cross-party coalition of MPs has demanded urgent action from the
Go toTop

Don't Miss

Gen Bajwa kindles old romance with US

Aware of the big picture, Bajwa is also making extra

US downgrades bilateral ties with Pakistan

The Islamabad trip was for “a very specific and narrow