Monday September 26, 2022

Call to abolish Riba

By Our Correspondent
August 19, 2022

LAHORE:Tanzim-e-Islami (TI) ameer Shujauddin Sheikh has warned that if Pakistan would not abolish Riba by implementing the decision of Federal Shariat Court, the economic devastation under the unbearable burden of debt servicing would completely cripple country’s already precarious economy.

More than half of national budget is spent on servicing debts, both foreign and domestic, leaving a small amount for social services like health, education and infrastructure, resulting in fast increasing poverty that is forcing people to commit suicide and even sell their children, he said while addressing a press conference at Lahore Press Club Thursday evening, to announce the three-week countrywide campaign against Riba the party is launching from Friday (today).