A detailed analysis of the economy of
Pakistan reveals that the whole economic set-up of our country is based on great
vice and evil.
The foremost evil in it is the
institution of Banking. Through this institution, the whole nation’s wealth is
rendered at the disposal of a few individuals. In the guise of national
development and stability, all the money is actually used to satisfy the whims
and lusts of a few capitalists. Banking, on the one hand, produces economic
disparity and, on the other, cripples the national economy. While the rich get
richer and the poor get poorer, a country gets caught in a vicious circle of
procuring external loans for its own sustenance. It is because of the
institution of banking that a country has to rely on money borrowed on interest
from its own people through investment certificates, prize bonds, rifle draws
and other alluring schemes for the completion of various welfare and commercial
projects and for administration and defence requirements.
The second evil is system of taxation.
The government has an almost unlimited authority to impose whatever amount of
tax whenever it likes on the people, while the rates of tax fixed once and for
all by Allah and His Prophet (sws) are not taken into consideration. As a
result, it has become almost impossible for people to carry out business
honestly or pursue any other economic activity. Every year the national budget
is anticipated with dread and fear. Every new tax decreases the credibility of
the government and represses the spirit of its people to come out and offer what
they can if their country is in need of their assistance.
The third evil is that the system does
not uphold the rightful claim of the workers to be granted both a basic salary
and a share in the net profit according to the extent of toil and labour put in.
Although the industrial workers have been granted some other facilities besides
their basic salary, yet their share in the total profit has only been accepted
half-heartedly. The conditions of the land workers is even more pathetic.
The fourth evil is the total lack of
acknowledgement of the fact that every penny over and above a person’s needs
does not belong to him; the poor and the destitute are its rightful claimants.
As a result, needy citizens have been deprived of this right and the whole
system is unable to provide them even with the basic necessities of life.
The fifth evil in is the menace of large
cities, which are actually large industrial centres. Instead of dividing the
resources of development into small units and providing all the citizens with
equal opportunities, these resources have been concentrated in a few areas which
receive development at the expense of others. Moreover, these large cities have
become perfect breeding places for criminals and have also been responsible for
the disruption of our cultural traditions. Not to mention the fact that
congestion and pollution have deprived people of fresh and invigorating
adapted by Shehzad Saleem from ‘Burhān’)