Can the Islamic System make Pakistan a Self-Sufficient Economy?

Despite Pakistan’s Immense Economic Potential, Dependence on Imports is Staggering

The trade deficit maintains its pace and posted an increase of nearly 36 per cent in October upon a year ago, the Pakistan Bureau of Statistics said on 13 November 2017. It is claimed that the surge in the import bill is driven by increase in imports of petroleum products, food products and capital goods such as machinery, equipment, vehicles and tools. The import of mobile phones and apparatuses also witnessed large growth during the period under review.

It is sad to see that despite fertile land and immense agricultural infrastructure, Pakistan must import significantly large quantities of food products. Despite having a large, hard-working labour force, Pakistan is importing essential goods such as machinery and vehicles. As for what exists of small and medium industries, the government is negligent in providing basic energy, whilst overburdening them with taxation, forcing closure. As for energy, according to estimates, Pakistan may have over 9 billion barrels of petroleum oil and 105 trillion cubic feet in shale oil and natural gas reserves, whereas the maximum consumption of oil per day in 2014 was 450 thousand barrels. If purification plants were built with the required capacity, Pakistan could become self-sufficient in oil and gas consumption for at least the next fifty years, with negligible energy imports. With its immense and varied resources, Pakistan could be a manufacturing hub. However, due to the lack of ideological leadership, Pakistan is moving towards a service based economy. Moreover, the destruction of the manufacturing sector and unwanted excessive growth of the service sector in its place, will further worsen under the CPEC plan. Over the last seven decades, whether it is Democracy and Dictatorship, civilian and military rulers follow the dictation of America and the colonialist institutions such as the World Bank and IMF, depriving Pakistan of its potential.

Pakistan will only realize its full potential through Islam. The Khaleefah is not only independent from imperialist powers, there is no defined term or period for the Khaleefah to rule. So not only will the Khaleefah implement Islam, he will be able to design and oversee long-term economic development personally. With more focus on self-sufficiency in every sector, the Khilafah will no longer need to import goods that are critical to industry and agriculture, such as machinery. Then finally, Muslims will have a true guardian over their affairs. RasulAllah (saaw) said,

«كُلُّكُمْ رَاعٍ وَكُلُّكُمْ مَسْئُولٌ عَنْ رَعِيَّتِهِ فَالْإِمَامُ الَّذِي عَلَى النَّاسِ رَاعٍ وَهُوَ مَسْئُولٌ عَنْ رَعِيَّتِهِ وَالرَّجُلُ رَاعٍ عَلَى أَهْلِ بَيْتِهِ وَهُوَ مَسْئُولٌ عَنْ رَعِيَّتِهِ وَالْمَرْأَةُ رَاعِيَةٌ عَلَى أَهْلِ بَيْتِ زَوْجِهَا وَوَلَدِهِ وَهِيَ مَسْئُولَةٌ عَنْهُمْ وَعَبْدُ الرَّجُلِ رَاعٍ عَلَى مَالِ سَيِّدِهِ وَهُوَ مَسْئُولٌ عَنْهُ أَلَا فَكُلُّكُمْ رَاعٍ وَكُلُّكُمْ مَسْئُولٌ عَنْ رَعِيَّتِهِ»

“Every one of you is a shepherd and is responsible for his flock. The leader of the people is a guardian and is responsible for his subjects: a man is the guardian of his family and is responsible for his subjects, a woman is the guardian of her husband’s home and of his children and is responsible for them, and the slave of a man is a guardian of his master’s property and is responsible for it. Surely, every one of you is a shepherd and responsible for his responsibility.”

[Muslim]

Central Contact Committee – Hizb ut Tahrir Wilayah Pakistan

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