"From Liaquat Ali Khan to Hafeez Sheikh"

From Liaquat Ali Khan to Hafeez Sheikh

"From Liaquat Ali Khan to Hafeez Sheikh"

The tragic story of decline, a story of progress towards incompetence. A horrific account of every single page of which shows the future of the naive, hardworking, intelligent, and patriotic people of my country. After World War II, when the British masters decided that they had to leave India, a Constituent Assembly was elected by the votes of the members of the Assemblies in the eleven provinces, with a majority of Hindu votes under democratic principles. 
The Congress won 70 percent of the seats, but the Muslim League's achievement was that it emerged as the only representative party of Muslims living in the region. The British government announced the formation of a representative government for the transfer of power. Both parties joined the interim government, but differences over departments began. The Muslim League demanded that he be given one of the three key ministries of foreign affairs, interior, and defense. Congress was not ready to give these three ministries. But the viceroy insisted that at least one important ministry must be given to the PML-N, while Rafi-ud-Din Qadwai, a Muslim member of Congress, suggested that the PML-N be given the finance ministry. , They will fail automatically. But Quaid-e-Azam accepted the challenge and Liaquat Ali Khan took over the finance ministry.

He was the first and last Indian Finance Minister in the 100-year history of British India to surprise the world by presenting the first budget in the Assembly on 28 February 1947. Ghulam, a local in India and also a Muslim, this budget was very different from the budget made by the British for the last 80 years. It is still remembered today as the "Poor Man's Budget."

Did it all happen suddenly? no... Quaid-e-Azam had accepted this challenge thoughtfully. Against this background are many years of mature ideology, hard work, and sincerity of the political leadership. The 31st session of the All India Muslim League, which was held in Karachi from December 24 to December 26, 1943, saw Quaid-e-Azam Muhammad Ali Jinnah deliver a one-hour, forty-minute impromptu speech. In this speech, Quaid-e-Azam discussed in detail every issue from global affairs to national economy, economics, problems of farmers, blasphemy of Swami Dayanand Saraswati, condemnation of Prophet's book, rejection of communist philosophy and famine in Bengal. , Gave full information to about one lakh Muslims of India about all these matters. After the speech, the meeting did not end with applause but lasted for three days, and committees were formed on all important issues which were responsible for planning the future political struggle and the steps to be taken after coming to power. 
Do The most important of the committees was the "Planning Committee", which was responsible for five years of development and non-development planning. It was only after four years of hard work of this committee that as soon as the Muslim League got the Ministry of Finance, the Quaid-e-Azam immediately accepted this challenge. As soon as Liaquat Ali Khan became the Finance Minister, he gathered such intelligent people in the subcontinent who had been working as civil servants with the British government and knew the Ministry of Finance from within. These were the Muslim members of the Indian Civil Service who had now left their jobs and entered the politics of the Muslim League. They included three important people, Chaudhry Muhammad Ali, Malik Ghulam Muhammad, and Zahid Hussain. All three were part of the British Civil Service's financial services and budgeting was not uncommon for them. But one of his virtues was that he was not intimidated by the British masters, but was working for the planning committee of the Muslim League, understanding the policies given by the Quaid-e-Azam. 

If you listen to Quaid-e-Azam's 1943 speech today, you will find nothing but Islamic teachings, Islamic economic justice. You will see references to Syed Na Umar again and again in the speech of Quaid-e-Azam. Under the leadership of Finance Minister Liaquat Ali Khan, they worked day and night to create a budget that completely reversed the status quo presented to the British for the last seventy years and the budgets of the privileged classes. ۔ In his budget speech in the Assembly, Liaquat Ali Khan referred to the Holy Quran for the principles of economics as per the guideline given by the Quaid-e-Azam and said:

"I do Believe In The Quranic Injunctions, That Wealth Should Not Be Allowed To Circulate Among The Wealthy And Stern Warning Given Against Accumulation Of Wealth In The Hands Of Individuals"

Translation: "I believe in the teachings of the Holy Qur'an that wealth does not circulate only among the capitalists and the Qur'an announces strict promises and punishments for those who concentrate wealth." 
These were not just words of speech, but Liaquat Ali Khan and his economic team presented a "poor population budget" as a practical example of this, the main points of which were, (1) Sales from all over India for the first time. The tax was abolished because it went out of the pocket of the common man, (2) the income tax threshold was increased from Rs. 2000 to Rs. 2500, (3) the rate of income tax on investors whose annual profit was more than one lakh 25%, (4) for the first time a tax was levied on Capital Gain, the purpose of which was to tax anyone who raised more than five thousand rupees in any way, (5) The most important thing in this budget was that during the Second World War, profiteers, contractors, and suppliers had made money through illicit means. Impose heavy taxes and fines on these people. 

It was an impressive performance that even the majority of Congress could not reject Liaquat Ali Khan's budget for fear of public pressure. But the capitalists and businessmen who used to fund the Congress stopped helping the Congress and started writing articles from the moneyless thinkers, intellectuals, and the whole system was called "billionaire's howels".That's the difference between "From Liaquat Ali Khan to Hafeez Sheikh"

Tragically, today, exactly seventy-three years later, Pakistan's planning and finance corridors have been taken over by people who have nothing to do with this land. Their hearts are beating in the West and their brains are being held hostage by the World Bank and the IMF. The bureaucrats working under him are the ones who have been deprived of creative thinking for the last fifty years by enslaving them to the budget. 
Today the whole environment of our budgeting is in the hands of two classes, the first class is the bureaucracy spread all over the country which is part of the budget by forwarding the schemes made by its mediocre officer without any effort and the second class, World Bank and Along with the IMF, there are activists like Hafeez Sheikh who are tweaking the budget based on the demands of donors and their agenda. No Liaquat Ali Khan can be born in such an environment that announces the teachings of the Holy Quran and makes a budget according to them. Only people like Hafeez Sheikh are born here who sing IMF hymns and make budgets on their instructions.



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