With
increasing debate in the media over severing alliance with the US, agents of
the US embassy also known as 'contacts,' in the language of the embassy cables,
have started a full blown campaign to convince the masses that Pakistan is
addicted to the foreign 'aid' (loans) and it will be bankrupt without US loans.
Some time ago, an 'intellectual' famous for talking in terms of 'facts and
figures' set about proving this from the figures of Pakistan's trade deficit.
Some of our friends who are, strictly speaking, not included in the category of
'contacts,' but still have a strong belief in the capitalist system and so puts
them close to them, are also talking in this manner. These friends try to scare
us about the 'wrath' of US by citing the dependence of our exports upon Western
countries and the import of oil from the international market. Now, prior to
discussing this topic, we will look at the economy of Indo-Pak before the
arrival of the British and their capitalist system, in an attempt to look at
the issue in a proper context.
Prior
to the arrival of the British and their capitalist system, the sub-continent
was the golden goose of the world and the world's largest economy. It was the
region whose spices and gold led Columbus to discover the American continent.
It was the region in which the assets of one citizen, Abdul Ghafoor, were more
than the assets of the whole East India Company. The Jughat Seith family of
Bengal owned more wealth than the entire wealth of the Bank of England. And the
war booty of the War of Pilasi (1757) was more than the whole GDP of Europe. In
that era, the soldiers of Portugal, France and England would desert their army
to join the army of the Subcontinent for better pay and perks. Capt. Alexander
Hamilton wrote that in the era of Muhammad Shah Tughlaq (1325-1351 AD) – not
marked as a very memorable age – there were 10,000 schools/colleges in Delhi
alone, with seventy Bimaristan (Hospitals). In Bengal there were 40,000
schools/colleges, equivalent to a school for every 400 of the population. Ibn
Batuta writes that there is a small place in the city of Bombay called Hoaz.
The people of that area followed the Sha'fai school of thought. There are 23
schools/colleges for men and 13 for women. And there is not a single woman in
the whole locality who has not memorized the whole Quran-e-Kareem. Till 1880,
the world's largest steel industry and the largest naval fleet manufacturing
facility was in the Subcontinent, where the British would built there naval
fleets. What could be a better description of the prosperity of this
Subcontinent than the statement of Lord Macaulay which he delivered in 1835 in
British parliament. He said; ""I have traveled across the length and
breadth of India and I have not seen one person who is a beggar, who is a
thief. Such wealth I have seen in this country, such high moral values, people
of such caliber, that I do not think we would ever conquer this country, unless
we break the very backbone of this nation, which is her spiritual and cultural
heritage..."
Pakistan
is part of the same region. Its agricultural land produces the same produce,
indeed with greater yield than before. The residents of this area are as
hardworking, studious and skilled as they were before. This land is rich in
rivers and streams. More hidden treasures have emerged, such as abundant
minerals and sources of energy. Thus everything from the past is present until
now. However, a curse has been imposed upon this land. A burden that has
reduced its people to beggars and this land is no more fulfilling the needs of
the people. This curse, this burden, is the colonial capitalist economic system
which has accumulated the resources and wealth into a few hands, majority of
which are the colonial hands, and deprived the vast majority of even two meals
a day. Our corrupt and agent rulers are the product of this very system. The
root of the problems is the system. So, let's have a cursory look at the
resources of Pakistan so that we can judge; where have this system led us to.
Pakistan
has a population of 180 million out of which over 60% are below the age of 25.
This is the world sixth largest population and is more than the German and
French populations combined. Our land area is over 0.8 million square
kilometers, It is almost as much as France and Britain combined. Pakistan has
1046 kilometer coast line which rivals the coast line of major powers. With the
worlds tenth largest labor force, this country has an ideal strategic location
and ideal geography. Allah SWT blessed Pakistan with some of the world's
tallest mountains, large fertile plains and vast arid deserts.
Pakistan
has abundant energy resources. The estimated value of the Thar Coal deposits is
25 trillion dollars, 420 times the value of all foreign loans. Recently, survey
reports of one of the allotted sections in Thar coal mines further strengthened
these estimates. This section has been awarded to the Pakistani company Engro.
The 184 billion metric ton coal deposits are spread over an area of 9,000
square kilometers. The energy value of these coal mines are more than the combined
oil energy of Saudi Arabia and Kuwait. Recently there have been some promising
gas reservoirs discoveries, with one tight gas reserve at Sui, Baluchistan
estimated to be 100 trillion cubic feet. This reserve was deliberately kept
hidden by the government of Pakistan, a fact testified by Petroleum Minister Dr
Asim Hussain in the National assembly on 20th June, 2011. Approximately, 215
trillion cubic feet gas reserves are expected to be found in the southern Baluchistan
and coastal areas.
Regarding
minerals, Pakistan has 74 million ton of aluminum, 500 million ton of copper,
46 million ton of Zinc, 600 million ton of Iron, 350 million ton of gypsum, 22
million ton of Phosphate, dozens of ton of silver, while there is no accounting
possible of the marble, precious stones and building stone. In Saindak copper
project alone, there is 412 million ton copper ore, in which a foreign company
is working on 78 million ton ore. Reko Dik gold mines are included in the world
largest gold mines and the estimated worth of the gold, increasing rapidly, in
all its blocks is 500 to 3000 billion dollars. Accurate figures are not
available due to the collusion of the government with the foreign companies and
the cheating practices of such companies.
Pakistan's
agricultural potential is no less. Pakistan's irrigation system is the world's
largest, three times more extensive than that of its agricultural rival Russia.
Our wheat production, 24 million metric tonne, is more than that of the entire
Africa, which stands at 20MMT and equals that of South America. This is despite
the fact that our land per acre yield is only 2.2 ton. The yield in Indian
Punjab is 4 ton, Mexico 5.5 ton and Western countries have much higher yields
due to superior farming techniques. Notably, currently 40 percent of Pakistan's
cultivatable land is not cultivated. Pakistan is ranked 1st in the production
of ghee, refined butter, 2nd in chick peas, buffalo and buffalo milk, third in
okra production, 4th in cotton, apricot, goat milk, mangoes, 5th in dates,
onion, various spices and sugarcane, 6th in pulses, 7th in sesame seed, 8th in
Cauliflower, 9th in oilseed, spinach and wheat, 10th in goat meat production
besides being within the top 20 in a wide variety of vegetables and fruits,
eggs, tobacco, jute, lentils and rice.
Pakistan's
seven thousand PhD's and approximately two million scientists and engineers
have the full technical know how and capability of deriving benefits from these
resources to the Ummah.
Despite
so many resources bestowed by Allah (swt) - more than that which some of the
major world powers possess - the capitalist system has turned us into a nation
of beggars. This system treats every nation the same way, wherever it is
implemented. Africa, a success story of prosperity under Islamic rule, has been
forced by the capitalist system to bow in front of poverty and hunger. Despite
the loot and plunder of the resources of the world by the Western powers
through direct and indirect colonialism, this system could not satisfy even the
basic need of the people of their countries and a significant portion of their
population still lives below the poverty line. For example, 37 million people
in the US live below the poverty line.
These
facts and figures are enough to prove that not only do we have enough
resources, rather, we have the full potential to sustain another country of our
size and even more. It is obvious that we are neither dependant on any other
country nor at the mercy of the coffers of others. As per the current year
budget figures, Pakistan will receive 287 billion rupees in total as foreign
loans and aid whilst we are going to pay out a total of 319 billion rupees in
debt services, i.e. foreign loan principal repayment of 76 billion rupees and a
staggering 243 billion rupees interest (Riba) to foreign countries and
institutions. This clearly manifests that these foreign powers and institutions
are living on our money and not the other way roudn. And if we didn't have to
pay the loans and interest, we would not need any loan to meet our current
expenditure.
As
far as the issue of linkage of our export to Western markets is concerned, we
export almost 22% of our goods to the US. Not because of any benevolence or
favor from the US government, rather because they are the best quality with the
lowest price which America cannot find anywhere else. It is the US and EU that
have time and again blocked Pakistan export under one or another pretext like
child labour, environmental preservation etc. And the Pakistani economy has
successfully sustained such pressure in the past.
Now
let's move to the import of oil, which our friends never forget to mention. To
remind our friends, Pakistan does not receive oil as charity. Pakistan pays the
full market price in the same manner as US import 54% of its oil needs from the
international market. Again to remind our friends, the total oil reserves of
the Muslim world are 844 billion barrel in comparison to the 45 billion barrel
of the non-Muslim world. 7 out of 10 of the world’s largest oil wells are
present in the Muslim world. Moreover, in case of oil blockade on Pakistan,
majority of the countries of the world would be in trouble as the world largest
oil reserves and oil sea routes are in Pakistan's backyard, the Persian Gulf
and Straight of Hurmuz. And at the very least, Pakistan Navy and Air Force are
more powerful than Somalian pirates, is that not so?!!
Our
economy is in deep crisis because of the colonial capitalist policies. On top
of that is the corruption that comes as a natural package with democracy. As
the legislative assemblies in a democracy provide a legal and legitimate way of
corruption in the order of billions of Rupees, the top corrupt and robbers use
the ladder of democracy to reach the legislative assemblies, after removing
every obstacle in their way. Once there, these corrupt
"representatives" engage in multiplying their fortunes through the
policy forming, law making and other perks that comes with legislators
fulfilling their "sacred" obligation. None of the conditions like
being pious, practicing Muslim, graduate or anything else stops them from
coming into assemblies. These few corrupt, present in every nation become the
legal root of corruption by using the universal ladder of democracy. It is this
legal corruption that is causing 400 billion rupees losses to a handful of
national corporations every year. American military operations increased our
defense spending from 450 billion rupees to 800 trillion rupees. According to
the special appendix of Pakistan's Economic survey (2010-11), in just one year,
this American war has caused damage of 17.8 billion dollars (1528 billion
rupees) to the Pakistan economy. What an irony that America becomes the owner
of our sovereignty through the paltry sum of 1.5 billion dollars
"aid"! According to this year's budget, Pakistan will pay 1000
billion rupees in interest over national and international loans. Because of
the resistance of democratically elected representatives, Pakistan is deprived
of at least 300 billion rupees of agriculture tax since most of them are the
landlords and they prefer imposing GST on already deprived people to imposing
tax on agriculture of the like of Kharaaj and Usher. Thus, this corruption that
is bundled within democracy, the American war and the interest on loans
together is costing us more than 3,500 billion rupees every year, which is more
than our annual budget. This deficit can easily be removed by an Islamic
Khilafah state in next to no time. This is another proof for the fact that
separation from US alliance and the establishment of an Islamic state will take
Pakistan on the path of development and prosperity rather than difficulties.
The
Islamic Khilafah state will transform the vast resources of Pakistan into an
enormous power and prosperity for the Ummah through the universal Islamic
ideology instead of converting them into a 'resource curse'. Islam's
injunctions on public properties ensure that the minerals and energy resources
are available to the public and economy at cheap prices, rather than exposing
them to exploitation by multinationals. Islam forbids giving the ownership of
these resources to the hands of individuals, companies or the state. Thus,
these resources are used for the combined well being of the public. Islam
removes all indirect taxes thus freeing the hands of people to spend. This
results in public satisfaction, increase in spending and an improvement in
economy. Islam has the full capability to bring about an agricultural
revolution in Pakistan through its extraordinary agricultural laws. With these
reforms, there is a great incentive for reviving a barren land i.e. obtaining
the ownership title. Similarly, the land is taken back from the one who doesn't
cultivate it for three years. Declaring the leasing of land for agriculture
forbidden, Islam smashes the feudal system to ruin. These reforms will increase
the production many fold in a few years and thus poverty will automatically
reduce besides making Pakistan a great agricultural power. Islam makes the
currency backed by gold and silver and this eliminates the US influence over
the financial aspects of our economy and this, coupled with the end of
fractional reserve banking, will kill inflation as it ties monetary supply to
actual wealth, gold and silver. By removing, interest, gambling, prize bonds,
pyramid schemes and stock exchanges money is redirected towards the real
economy and with a great industrialization policy based upon establishing
military superiority, we can march towards self sufficiency in critical
matters.
Thus
it is obvious that the withdrawal from the US crusade and the establishment of
an Islamic Khilafah state will become the basis of Pakistan's prosperity. The
Economic Survey of Pakistan released on 8th of June, 2011 is an open admission
of the failure of the government and the system. Confessing the destructive
role of the American war, the government states "Pakistan's economy is
under pressure of the War on Terror intensifying for last four years in
Afghanistan. Since 2006, the War has spread like a contagion into settled areas
of Pakistan that has so far, cost the country more than 35,000 citizens, 3500
security personnel, destruction of infrastructure, internal migration of
millions of people from parts of northwestern Pakistan, erosions of investment
climate, nose diving of production and growing unemployment and above all
brought economic activity to a virtual standstill in many part of the country.
Pakistan had never witnessed such devastating social and economic upheaval in
its industry, even after dismemberment of the country by direct war." Thus
the government confesses that this war is pulling Pakistan back into the Stone
Age, a Pakistan with no electricity, no gas and no water. Preventing Pakistan
from going back to the Stone age was the excuse given by Pervez Musharraf for
joining this war, what an irony! The Economic Survey of Pakistan further adds;
"The conclusion was that the War not only caused serious damage to the
economy, but also to the social fabrics of Pakistan. Obviously, continuity of
War will continue to bleed the economy and society of Pakistan". An
inter-ministerial and inter-provincial committee was formed to estimate the
losses Pakistan faced due to this war. Economic survey of Pakistan presenting
the conclusion of this committee say;" During the last 10 years the direct
and indirect cost of war on terror incurred by Pakistan amounted to $ 67.93
billion or Rs.5037 billion." The government confession proves that the
continuation of this war will annihilate any remaining economy of Pakistan. The
Economic Survey summarizes the whole sorry tale of this war in two sentences;
"Pakistan became more insecure in its efforts to make the world a safer
place to live." and "Pakistan economy needs an early end to this
war."
The
above arguments are enough to prove that this land has always been a prosperous
land and the potential it has is increasing day by day instead of decreasing.
However, a curse is imposed on this land, i.e. Capitalism. Brought here by the
English and later implemented by the English and American agents for over six
decades. this capitalist system has served the colonialist and their agents
well, whilst the common man is not even able to make both ends meet. The
colonialist war and colonialist policies have made matters worse for the Ummah.
The time is ripe for the People of Power to rid the public of this cursed
system and its guardian agents so that this land can open its treasures for the
Ummah. This will turn the US war back onto US. Indeed, this is our only recipe
for survival, surely only in Islam lies the Muslims' dignity and success.
The
above is a translation of the lecture notes for the last speech that Imran
Yousafzai delivered on the occasion of the Day of the Fall of the Khilafah, 28
Rajab, before his abduction by government agencies. It is to be featured as an
article in Issue 2 of Nussrah magazine inshAllah. Imran Yousafzai is the Deputy
to the Spokesman of Hizb ut Tahrir in Pakistan. Upon release of this
transcript, his whereabouts are unknown, over a fortnight after his kidnapping
on 12 July 2011.
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