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Download in MS Word format - 189 KB Annexure in MS EXCEL:
This booklet presents an easy way to
eliminate interest from the banking system without any
disruption. Those who sustain or plead for sustenance of
interest for any length of time are guilty of a glaring sin and
crime against people.
Following assertions in the
Government’s
petition of 13-2-99 to the Federal Shariat Court leave no ground
for the Government to delay elimination of interest any longer:
“Higher costs of bank borrowing are likely to lead to Pakistani manufacturers being priced out of foreign markets... . Internally it will lead to price increases and a higher rate of inflation, and externally it will lead to a fall in exports and a greater dependence on foreign loans at high rates of interest and a consequential transfer of economic sovereignty in favour of foreign countries”
contact writer at
aw_khan@hotmail.com |
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