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Thursday, December 8, 2022
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HomeOpinionPakistan must get rid of Riba

Pakistan must get rid of Riba

‘We need to think about getting out of the country’s loans and becoming real powerful by standing on our own feet. The nation knows it very well, and all of our national financial institutions can point out clearly from where and how billions of dollars can be saved from our budget for paying off our foreign loans and becoming independent of international monetary agencies to make our policies satisfy public’s ambitions’

We are living in an era of uncertainty. Neither government nor opposition is telling the whole truth to the nation. The resistance, which is no more at the helm of affairs, is not responsible for the present policies, administrative actions, and law-making. Therefore, the burden of the improvement and bringing fundamental changes in the fiscal and social structure of the country, for giving the nation a sense of relief and pride in being Pakistani lies on the shoulders of the present government, who are claiming that ousting the PIT government was necessary for putting the country on the right track and for bringing the prices down. So, after getting the power now, it is their responsibility to give the people a sigh of relief and a sense of pride for being Pakistani. For this purpose, we need to think about getting out of the country’s loans and becoming real powerful by standing on our own feet. The nation knows it very well, and all of our national financial institutions can point out clearly from where and how billions of dollars can be saved from our budget for paying off our foreign loans and becoming independent of international monetary agencies to make our policies satisfy public’s ambitions.

It doesn’t mean the governments should distribute the money among millions of families and give subsidies to the industrialists and prominent businessmen already earning huge profits. Priority must be for shedding off a load of loans and their interest. We must pay back the loans by allocating at least half of the budget for this cause as showing so much government philanthropy makes no sense after begging from abroad. The vast majority of Muslim scholars consider the current interest rate system of our banks and the national obligation to pay interest on foreign interests to be irrelevant. The overwhelming majority of Muslim Ulema consider the present interest (Riba) system of our banks and country’s liability to pay the interest on foreign interests to be Riba. Most of them believe that our nation has angered Almighty God by involving this internal and external fiscal Interest system. Most of our people think that we should get out of this system as soon as possible so that Almighty God can forgive us. The rulers of the previous government ousted through a no-confidence motion say that the United States of America was behind the conspiracy to topple government because the US administration was not happy with them. But they didn’t do anything that annoyed the Washington.

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They say their government was only looking after the people’s ambitions and well-being then why didn’t they try to get out of this Interest (Riba) system? I do not stand any one of the political groups but I often wonder why Imran Khan didn’t come forward to criticize the US. We can feel that he or his party remained under the pressure of “powerful” and faced many impediments in the way of pure democracy, but there are many other questions that the nation would like to ask Imran Khan and his PTI. The questions are:

  1. Their party remained in power for three and half years, but how come the Pakistan Muslim League (PML-N), Pakistan Peoples’ Party (PPP) and other opposition parties not only managed to slow down the process of NAB cases against them but also managed to have stronger links with the honest brokers of the power?
  2. Why did they fail in tackling the Reko Diq gold mines and other mineral sources in the national interest?
  3. Why do they have the emotional and illogical approach toward political issues like all other orthodox and opportunist parties? Why doesn’t PTI think about educating and training people academically and logically?
  4. Why do they emphasize inviting women and children to their gatherings and rallies?
  5. Where is their free and compulsory education program for all and a uniform syllabus?
  6. Where is their Health Card program for the whole Punjab Province? Why don’t they bring it to the Public if it was completed and funds were allocated for it?
  7. Why did they like to distribute charities among the low-income families under the Ehsass program and didn’t them for some business and provide small loans like the Akhuwat program to help them stand on their own feet?

There could be many other questions for the former rulers. The answers of which could be better for everyone. But we are more concerned with the present rulers than the past ones. The utmost advice for them could be to remind them that the people are much more aware of the realities than those living in the last regimes. Social media is bringing so much to the light, and it is easy for people to determine the facts about the national issues genuinely. There must be no illegal police actions against opposition leaders-no tear gas on the political gatherings. No illogical arrests to terrorize the opponents. No loose talks and blame game from the government side. People expect more rationale, accuracy, and decency from the government parties and administration. Suppose they don’t come up to their expectations. It would mean they are not sincere in improving anything in this country.

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