Hizb ut Tahrir / Wilayah Pakistan:

Reject Devaluation!

On IMF instructions, the PTI Government Causes Inflation through Rupee Devaluation, then Chokes our Economy to Combat it, Drowning us in Flood of Economic Misery

Inflation breaks our backs because the government weakens the rupee to fulfill the IMF colonialist condition for "competitive exchange rates."

The weakened rupee further increases the petrol and gas prices as they are tied to the dollar. This increases manufacturing costs and wipes out any expected gains in export earnings from devaluation.

The government then deliberately slows the economy down, to combat inflation through higher taxes and lower spending, to fulfill the IMF instruction for "demand contraction."

O Muslims of Pakistan!

The regime is inflicting harm upon us through IMF conditions, even though RasulAllah (saaw) said,

«لاَ ضَرَرَ وَلاَ ضِرَارَ» “There should be neither harming nor reciprocating harm.” [Muwatta Imam Malik, Ibn Majah].

The Sunnah of RasulAllah (saaw) established the minting of Gold Dinars, weighing 4.25g, and Silver Dirhams, weighing 2.975g, as the currency of the state.

Metallic currencies have intrinsic value hence they protect the local economy from inflation, whilst offering stability in exchange rates.

Thus, the Khilafah on the Method of Prophethood will establish the local currency on the basis of gold and silver, build up gold and silver reserves, use barter transactions where necessary to conserve reserves and insist that gold and silver are used as the basis for international trade, smashing the oppressive hold of Western currencies.

Tuesday, 29 Shawwal 1440 AH - 02 July 2019 CE