Pakistan living on BORROWED TIMES

AsifAmeer

Siasat.pk - Blogger
8-7-2012_125177_l_akb.jpg

http://www.thenews.com.pk/PrintEdition.aspx?ID=125177&Cat=9&dt=8/7/2012


The reimbursement by the United States of 1.1 billion dollars to Pakistan under the Coalition Support Fund seems to have evoked a sense of relief in the government. Taking an accountants approach to economic management, officials minimise the fact that this respite will be short lived especially as a number of repayments to the International Monetary Fund loom. More importantly this day-to-day approach will only exacerbate the perilous state of public finances and threaten to drive the economy in to an abyss.

The official calculus however is one determined by the timeframe of the upcoming election rather than the countrys economic interests. The governments worry has been how to get to the election without encountering a foreign exchange crisis. When the CSF was suspended and other external financial inflows began to decline, doubts grew about the countrys ability to finance the balance of payments gap and meet foreign liabilities in the months ahead.

At that time, government officials privately conceded that without an infusion of external financing, foreign exchange reserves would continue to deplete and the country could face a foreign exchange liquidity crunch later this year, well before the election. Now these officials see the CSF money as buying the government time to make it to elections, due in March 2013, without worrying about a foreign exchange crisis erupting before then.

The $1.1 billion shores up an otherwise weakening reserve position, but only momentarily. The inflow of funds postpones by a few months the inevitability if no remedial policy action is taken of a full-blown financial crisis being generated by growing external vulnerabilities.

A confluence of negative trends in the past few years has worsened the fragile state of public finances. The balance of payments position has become more precarious and reserves have been steadily falling around $500 million a month recently. In July reserves held by the State Bank were $10.4 billion. Another $4.4 billion held by commercial banks are leveraged and not available to finance the balance of payments deficit.

The budgetary situation is equally shaky with the deficit at its highest since 2008. But the government has been less concerned about this because it can print rupees as well as borrow from the commercial banks. The State Bank has virtually surrendered its authority to determine and enforce government borrowing from the banking system. More borrowing from the central and commercial banks to finance the huge budget deficit is not only adding to domestic inflationary pressures and vulnerability of the banking system, but also fuelling the deterioration in the balance of payments.

These mutually reinforcing factors risk pushing the economy over the cliff. Deterioration in the external position and drying up of financial inflows has already put downward pressure on the rupee, which plunged to a record low last month and is expected to post only a modest recovery following the injection of CSF money.

The greatest short-term danger to the countrys financial stability comes from the sharp rise in the current account deficit. This shot up to $4.5 billion in 2011-12 compared to a surplus of $214 million in the preceding year. This is principally due to worsening in the foreign trade deficit, which widened to $15.3 billion in the outgoing fiscal year from $10.5 billion in 2010-11. Imports have risen sharply. Last years escalating global oil prices contributed to a higher oil import bill up by almost a quarter from the previous year. The subsequent fall in oil prices is yet to be reflected in the external account.

Meanwhile, exports have declined. This is due not so much to weaker demand in Pakistans largest market, financially troubled Europe (which will nonetheless kick in over time), but because of falling global cotton prices. Falling exports also reflect disruptions being caused by the most serious power shortage in the countrys history. This domestic restraint on export growth is likely to persist with no end in sight to the electricity crisis.

The rise in the trade and current account deficits has coincided with the precipitous fall in foreign direct investment. In 2011-12, FDI fell by half, from $1.6 billion in the previous year to $813 million, the fifth consecutive year of FDI decline.

Remittances from overseas Pakistanis have been the big saving grace, reaching $13 billion in 2011-12. But with other external inflows tapering off, remittances and export earnings are not sufficient to meet the balance of payments financing requirements especially when the capital account has been deteriorating as net inflows dry up. As a result foreign exchange reserves have eroded in the past several months.

Against this backdrop, the view among government officials that $1.1 billion of Coalition Support Funds provides them a reprieve underestimates the impact on the reserve position of the accumulation of liabilities the country has to meet in the months ahead.

A significant part of these liabilities are repayments to the Fund for the $8 billion loan Pakistan contracted in 2008. Already repayments earlier this year have reduced the reserve cushion. More payments lie ahead. Between now and December, Pakistan needs to pay $1.1 billion to the Fund including two big payments, this month ($411 million) and in November ($605 million). Another $800 million will be due by the time the government is obliged to call elections, in March 2013.

The key question is this. With reserves dwindling to less than adequate levels and by early 2013 to where they will cover just over a month of imports, how will the incipient financing crisis be addressed? The short answer, already being contemplated by the government, is to go back to the IMF for assistance under a new programme. But here is the rub. Top government figures have long indicated they would prefer an interim government to negotiate a new programme and take the political heat of prior actions that will be necessitated by a new arrangement.

There are at least two problems with this pass-the-buck approach. One, it can no longer be assumed that the IMF will be willing to conclude an agreement with an interim administration. The Egyptian case has set a recent precedent in this regard. Before agreeing to a $3.3 billion loan, the Fund insisted on a broad political buy in, which the interim government wasnt able to deliver. And in Greece, where an agreement had to be concluded with an interim government to avoid an imminent crisis, the Fund asked for the leaders of the main parties to also sign up to this.

The second problem with the governments approach is that delaying corrective policy action and seeking timely IMF assistance will mean that internal and external imbalances will become even larger. In consequence, there will be a bigger economic mess to deal with next year. A more severe fiscal adjustment will be needed to address the unsustainably high budget and balance of payments deficits. This will entail much tougher and painful measures, which may have to be taken in a shorter timeframe.

The government strategy of living on borrowed time to make it to a full-term election while spending its way to the ballot box represents a danger to the countrys financial stability. It also offers no assurance of averting a financial emergency before March. Once reserves begin to dwindle, as they will by year-end, at a time of uncertainty in global markets and commodity price volatility, the pressure on Pakistans external position will grow manifold.

This will expose the economy to the risk of market confidence being shaken by the continuing fall in reserves. In such a fragile situation it would be hard to predict the psychological point at which confidence might begin to evaporate, intensifying capital flight and leading to rapid drawdown of reserves. This will push the country to the edge of insolvency.

The people of Pakistan would then end up paying an even heavier price for a self-serving and inept coalition that prioritises its interests over that of the country.


The writer is special adviser to the Jang Group/Geo and a former envoy to the US and the UK.



Comments: The writer has her analysis correct and I think she is being timid in saying that there will be a failure of confidence. I think that has already started happening. She quoted that $500million have been leaving the SBP per month. I am seeing $300~400million on a weekly basis. Here's the reserve chart
forex.png


Notice the drop started back around summer. SBP has been going short on the dollar, trying to prop up the rupee. Try to stand in a bucket and then lift that bucket up while standing in it. If you can do that, help me understand how SBP's actions can possibly work. SBP later admitted to this activity when their losses exceed over $3 billion! They have wound down a major portion of their trade by taking a $2.45 billion loss. I cant find on their balance sheet where they have hid that loss.
 

Humi

Prime Minister (20k+ posts)
So it is in ICU...lets see when it dies...

but lets not lose hope and pray for some mercy especially since it is Ramadan...
 

sngilani

Chief Minister (5k+ posts)
What they have done to Pakistan? This is very dismal condition. Govt is being run by printing notes and taking loans.

 
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modern.fakir

Chief Minister (5k+ posts)
This old delapitated false economy which supports fake and treacherous leaders will have to Die a miserable death before a modern and Islamic skyrise can be constructed. Their is hope and opportunity in everything ...Before every morning their is a Dark Night...Inshallah ...The best will happen and in mysterious ways !!:)
 

mrk123

Chief Minister (5k+ posts)
The external powers will keep us on life support as long as we are of a little use to them and don't disturb the larger geo-strategic map of the region. They don't think that they are ready to deal with a failed state at this point in time. There is a reason that they take so much interest in keeping this inept and corrupt government intact. If there is any chance of improvement from any quarter then they will make sure that a military dictator takes over who would provide a charade of stability and progress where in fact we will be weakened at our foundation even more. There is a reason that NRO is implemented on foreign pressure, there is a reason that Sharifs find refuge in SA, there is a reason that Altaf Hussain is cooped up in London, there is a reason that Asfandyar spends most of his time outside the country.

We are living on borrowed time and money....
 
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AsifAmeer

Siasat.pk - Blogger
Lekin have you seen the life of a patient on life-support? No wonder Pakistan's eating and excrementing on the same bed...

The external powers will keep us on life support as long as we are of a little useful to them and don't disturb the larger geo-strategic map of the region. They don't think that they are ready to deal with a failed state at this point in time. There is a reason that they take so much interest in keeping this inept and corrupt government intact. If there is any chance of improvement from any quarter then they will make sure that a military dictator takes over who would provide a charade of stability and progress where in fact we will be weakened at our foundation even more. There is a reason that NRO is implemented on foreign pressure, there is a reason that Sharifs find refuge in SA, there is a reason that Altaf Hussain is cooped up in London, there is a reason that Asfandyar spends most of his time outside the country.

We are living on borrowed time and money....
 

modern.fakir

Chief Minister (5k+ posts)
Things will get better ....its only a Matter of Time (bigsmile)

"Verily, with hardship there is relief" (Qur'an 94:6)


"...Bear with patience whatever befalls you...." (Qur'an 31:17) and "Be not sad, surely Allah is with us." (Qur'an 9:40)

Our Prophet (pbuh) said: "Verily, if Allah loves a people, He makes them go through trials. Whoever is satisfied, for him is contentment, and whoever is angry upon him is wrath." [Tirmidhi]



 

mrk123

Chief Minister (5k+ posts)
Lekin have you seen the life of a patient on life-support? No wonder Pakistan's eating and excrementing on the same bed...

Thats why you see people asking for divine intervention even on this thread as it seems that we have lost our faculties and are unable to reverse the course of things.
 

modern.fakir

Chief Minister (5k+ posts)
:lol:..Surprising ...if people have lost their faculties and are unable to reverse things ...isnt that the right time to be asking for divine Intervention ??..lets think before speaking up and lets hope for the best ! (bigsmile)
 

mrk123

Chief Minister (5k+ posts)

This video shows only one aspect of the symptoms that afflicts us. These politicians are made in Pakistan - even though they have foreign sponsors - they are a product of our society. No matter how flawed our elections are there are millions who vote for these idiots and will keep voting for them. Our society is suffering from this malaise which is apparent from the behavior of even the supposedly educated and politically literate segment of our society and considered to be the supporters of anti status-quo PTI. Though foreign have contributed to some extent in the sad state of affairs mostly its our own doing and we can't just lay all the blame at the feet of the politicians or the military establishment - all of us are responsible for this mess as we have let this go on far too long without raising some serious voice about it.
 

hans

Banned
Any one notice.... almost every member is referring to Heavenly Help. Brothers we are on Heavenly help since the Afghan War. What more do you need.

My question would be .. .why do we need Heavenly help? We have purged Pakistan of all Humanities, we have purged its population of its civil rights, we have deceived all our friends, we have protected worst Humanity can offer. Yet we hope for Heavenly help???? What more can we as a Country contribute to the human race.
 

AsifAmeer

Siasat.pk - Blogger
Yaar mujhe to aysa lagta hai k maybe just maybe Pakistan doesnt have the intellectual capacity to solve its financial and economic woes. When a whole nations goes emotional on a Water-car and doesnt have the capacity to understand the simple common-sense conclusions, why should I think they can be creative enough to solve their problems?

When I shared the article "We make it the Mighty Dollar" with Cowasjee. He asked me "Interesting approach. But who's listening?"

Who's listening?

Any one notice.... almost every member is referring to Heavenly Help. Brothers we are on Heavenly help since the Afghan War. What more do you need.

My question would be .. .why do we need Heavenly help? We have purged Pakistan of all Humanities, we have purged its population of its civil rights, we have deceived all our friends, we have protected worst Humanity can offer. Yet we hope for Heavenly help???? What more can we as a Country contribute to the human race.
 

modern.fakir

Chief Minister (5k+ posts)
Interesting ...some of our people speak here as if they themselves are GOD where they know everything that happens to every individual and have done EVERYTHING Heavenly and GODLY possible in there powers, sitting in there rooms or homes to improve their nation but have failed, so they start passing defeating verdicts and political-fatwa's right from their Computer Screens !

The reality is their is a real GOD and we and this country along with everything else belongs to him. If we listen to HIM we will do well, if we dont we will be punished and then good will prevail !..The truth lies in improving ourseleves Individually starting from me as an individual, goodness starts from the Individual heart and then hits the masses. Not the other way round
 

AsifAmeer

Siasat.pk - Blogger
I think tum mujh se baat ker rahay ho. I admit my previous comment was elitist. And it saddens me too. Lekin I honestly get this feeling some time that "in-house" Pakistani in power simply do not have the intellectual capacity to solve the financial and economic issues. Tell me something, whatever I share here, is it really hard to understand? Isnt it all common sense? Is point of view k lyea to shayad education ki bhi zaroorat nahi. I mean you can simply grab 20 books, read them and build your economic and financial philosophy. Lekin there resides a very sickening culture in Pakistan that whatever is done, its done with the mentality "What will others think"

Agar insaaf ki baat hai to kiya farq parta koi kya sochay. Kehte hain na k "In the empire of lies, truth is treason"

Aur Allah ko samajhne k lyea speaking as a Moaashara, Pakistanis need to feel and think as Humans. Warna mazhab, hidayat.. sab bemaani hain. You watched that video of the PTI iftar where the crowd started eating 30 minutes before Iftar because they simply couldnt wait... I was really saddened by that. Infact I wrote the above comment after watching that video. It reflects the social fabric of the society.

Do you know whats the hardest thing in life? Its bringing up a child with proper training. You have to become first what you want your child to become. I am single but I see my sister raise a 3yr old. And it is an excruciating job to train 1 child. Tell me, when 12 ~14 ~18 kids are produced, kon terbiyat karay ga in ki?

Masla HAMARAY MAA BAAP KA HAI. Whatever we are told, whatever we are taught, we simply cannot ignore that whatever Pakistan is today, it got its training from parents 30~60 years ago. Those parent generation was a complete disaster. Aaj ye haal hai k na duniya k rahay. Aur na he deen k. And dont tell me Pakistani deendaar log hain. Jis Qoum per Ramazan k maheenay mein aazaab aye, us baat ko tum aur mein Allah per he chor dete hain.


Interesting ...some of our people speak here as if they themselves are GOD where they know everything that happens to every individual and have done EVERYTHING Heavenly and GODLY possible in there powers, sitting in there rooms or homes to improve their nation but have failed, so they start passing defeating verdicts and political-fatwa's right from their Computer Screens !

The reality is their is a real GOD and we and this country along with everything else belongs to him. If we listen to HIM we will do well, if we dont we will be punished and then good will prevail !..The truth lies in improving ourseleves Individually starting from me as an individual, goodness starts from the Individual heart and then hits the masses. Not the other way round
 

modern.fakir

Chief Minister (5k+ posts)
My comments were not for you. They were mostly in general and maybe against one or two other commentators. Tum nay sahi kaha hai ...the difference is, you describe the symptoms and i state the solution.

The in house pakistani so-called political cadre is indeed incapable of not even being humans let alone governing. It is an empire of lies right now. Achay insaano ki kami hai Pakistan mein mager iska yeh mutlab nahi kay they dont exist. These are the people i refer to as deendar. Not the ruling elite or the morally bankrupt no matter which part of society they may come from.


No doubt kay MAA aur BAAP play the biggest roles in shaping the character of children but the surrounding society plays an equal role as well. A corrupt society will yield corrupt Maa baap and hence corrupt Children. Ager app society sahi kerdaingay to bachey chaye 8 hon ya 18 they will grow up to be good citizens. In america when their population started growing in the early 1900's they had large families, but by then they had a good social structure hence a majority of those children grew up to be good citizens. The reason was that nation focused on the spiritual and moral development of their kids. Issi terha Pakistan mein bhi hosakta hai but we have bring spiritual teachings back from every front, political, religious, educational and even personal levels.

I agree kay the last generation of parents had their problems and hence they werent able to mould their children into good citizens who would be morally and spiritually honest, mager sub aesay nahi hai aur inhi logoan say achay log bhi aingay. Akhir Hazrat Musa As bhi firoan kay nizaam mein hi paida aur bheray huay thay. So it only takes a few good people to turn a society around.

Is kaum pay bilcul azzab hai kiyonkay humnay siasat mein say jo deen ki "spirituality" hai jis say aik Insaan, Insaan bunta hai ..usko khatm kerkay ...Morally and spiritually corrupt log apnay opper bitha diyay hain.

And when i say spiritual i dont mean a "Mulla" ..I mean a "Wali-Allah". Thats who is needed to run any country in the world be it pakistan or anywhere else and the result will always be good..

This is what Allama Iqbal Ra said too : Jalaal-e-Paadshahi ho ya jamhoori Tamasha, Juda ho dean siyasat se tu reh jati hai changezi.

Yeh aj kal what you see is this "Changezi" ...in some instances its liberal and in some cases it religious. Both are Devoid of morality !


I think tum mujh se baat ker rahay ho. I admit my previous comment was elitist. And it saddens me too. Lekin I honestly get this feeling some time that "in-house" Pakistani in power simply do not have the intellectual capacity to solve the financial and economic issues. Tell me something, whatever I share here, is it really hard to understand? Isnt it all common sense? Is point of view k lyea to shayad education ki bhi zaroorat nahi. I mean you can simply grab 20 books, read them and build your economic and financial philosophy. Lekin there resides a very sickening culture in Pakistan that whatever is done, its done with the mentality "What will others think"

Agar insaaf ki baat hai to kiya farq parta koi kya sochay. Kehte hain na k "In the empire of lies, truth is treason"

Aur Allah ko samajhne k lyea speaking as a Moaashara, Pakistanis need to feel and think as Humans. Warna mazhab, hidayat.. sab bemaani hain. You watched that video of the PTI iftar where the crowd started eating 30 minutes before Iftar because they simply couldnt wait... I was really saddened by that. Infact I wrote the above comment after watching that video. It reflects the social fabric of the society.

Do you know whats the hardest thing in life? Its bringing up a child with proper training. You have to become first what you want your child to become. I am single but I see my sister raise a 3yr old. And it is an excruciating job to train 1 child. Tell me, when 12 ~14 ~18 kids are produced, kon terbiyat karay ga in ki?

Masla HAMARAY MAA BAAP KA HAI. Whatever we are told, whatever we are taught, we simply cannot ignore that whatever Pakistan is today, it got its training from parents 30~60 years ago. Those parent generation was a complete disaster. Aaj ye haal hai k na duniya k rahay. Aur na he deen k. And dont tell me Pakistani deendaar log hain. Jis Qoum per Ramazan k maheenay mein aazaab aye, us baat ko tum aur mein Allah per he chor dete hain.
 

AsifAmeer

Siasat.pk - Blogger
Jo siasat wali baat hai na.. Think of it this way. Give me 1 explain of 1 govt that has delivered consistently in the last 100 years. Think for a sec, 100 years is not a very long period in the human history. Lekin there simply isnt an example. Theek! In short, if you want to mess something up, give it to the Govt, especially the federal govt. With that said, why would you want to give Govt the authority over religious interpretation?

I mean mazhab k lyea senate ki seat thori zaroori hai! Look at Molana Tariq Jameel. Look at Sheikh Tahir ul Qadri. I know a few arabi imams here who keep their communities together as if those families were his own! Mazhab ka daira masjid se barhe, na k Senate se.

Majority of Islamic scholars have truly failed our religion. Do you know I wrote a financial article addressing the drawbacks of the Ulema but hesitating sending it for over a year till last week! Pata hai State Bank of Pakistan ki endorsement has in MUFTIYON ki...

Be very very careful who you listen to. I have this very simple rule in life - I will NOT do anything till I understand it (in terms of dealing with others).

Jahan baat spirituality ki hai.. Did you know Spirituality is NOT a function of religion? Neither is morality. You can be a "disbeliever" and yet be very spiritual. You can be an athiest but still be an honest person. Religion is a very very complicated school of thought. Its my personal opinion that just like everyone cant be a doctor or an engineer, everyone will never be a believer... Was true at the time of RasullAllah and it will remain true till the end of time.

My comments were not for you. They were mostly in general and maybe against one or two other commentators. Tum nay sahi kaha hai ...the difference is, you describe the symptoms and i state the solution.

The in house pakistani so-called political cadre is indeed incapable of not even being humans let alone governing. It is an empire of lies right now. Achay insaano ki kami hai Pakistan mein mager iska yeh mutlab nahi kay they dont exist. These are the people i refer to as deendar. Not the ruling elite or the morally bankrupt no matter which part of society they may come from.


No doubt kay MAA aur BAAP play the biggest roles in shaping the character of children but the surrounding society plays an equal role as well. A corrupt society will yield corrupt Maa baap and hence corrupt Children. Ager app society sahi kerdaingay to bachey chaye 8 hon ya 18 they will grow up to be good citizens. In america when their population started growing in the early 1900's they had large families, but by then they had a good social structure hence a majority of those children grew up to be good citizens. The reason was that nation focused on the spiritual and moral development of their kids. Issi terha Pakistan mein bhi hosakta hai but we have bring spiritual teachings back from every front, political, religious, educational and even personal levels.

I agree kay the last generation of parents had their problems and hence they werent able to mould their children into good citizens who would be morally and spiritually honest, mager sub aesay nahi hai aur inhi logoan say achay log bhi aingay. Akhir Hazrat Musa As bhi firoan kay nizaam mein hi paida aur bheray huay thay. So it only takes a few good people to turn a society around.

Is kaum pay bilcul azzab hai kiyonkay humnay siasat mein say jo deen ki "spirituality" hai jis say aik Insaan, Insaan bunta hai ..usko khatm kerkay ...Morally and spiritually corrupt log apnay opper bitha diyay hain.

And when i say spiritual i dont mean a "Mulla" ..I mean a "Wali-Allah". Thats who is needed to run any country in the world be it pakistan or anywhere else and the result will always be good..

This is what Allama Iqbal Ra said too : Jalaal-e-Paadshahi ho ya jamhoori Tamasha, Juda ho dean siyasat se tu reh jati hai changezi.

Yeh aj kal what you see is this "Changezi" ...in some instances its liberal and in some cases it religious. Both are Devoid of morality !
 

modern.fakir

Chief Minister (5k+ posts)
Dekho, tumhari jo 100 years wali misaal haina ..woh isliyay hai kiyonkay in the last 100 years aesa koi hukumraan aya hi nahi ...jis ko sahi tareekay say hukumrani ka moka mila ho.

We have the example of Quaid-e-Azam ra, who would have done it..but unfortunately he was very short of time and couldnt complete the job he started. But that in no way implies that Governness in itself is bad in every form. I'll go back 400 years to the time when State and Deen were not seperated ..and by this I imply the ruling elite are themselves spiritually religuous. The examples of the Ottomons are infront of you . Even today Suleiman is known as the "Magnificent". These are not words ...the US congress the most modern state today recognises his contributions here see for yourself :


220px-Suleiman_bas-relief_in_the_U.S._House_of_Representatives_chamber.jpg

A bas-relief of Suleiman adorning the interior of the United States House of Representatives. It is one of 23 commemorating famous lawmakers throughout history.

Yeh bhi to log thay na ?..To yeh kahna kay 100 years mein koi example nahi thi ..iska yeh mutlab nahi kay achi governness ho hi nahi sakti !.

Now another thing, why do we need religion ?..Because human intellect is limited and it differs from one person to another. What i deem as something bad may not be too bad for you, so to solve this problem divine intellect is sought which is why Allah swt sent his messengers. Did he not send my Akka pbuh to the Bedoin Arabs who used to fight amongst each other ?...What was it in my AKKA pbuh's LEADERSHIP that he transformed that society in such a way that they were able to conquer Byzantine and Persia and setup an equitable internal society as well ?

Now why would you give a government the power to religious interpretation. This is a wrong perception. The government is only given the power to implement Allah's Law, it is the rightfull scholarship thats interprets religion. But the leader must be a Spiritually Religious person otherwise he will not honour the verdict because he wont be able to comprehend the wisdom of the scholars !

Now, this senate and banking system in Pakistan is ALL borrowed from the 200 year old rise of the west which has brought the world to this point of disaster and YOU, ME and all of us have been RAISED in this syystem. This banking system controls the sick political systems which have made you hate the very concept of governments. Iqbal ra clearly stated this as well:

Tera Wujood saraapa tajally-afrang (whiteman)
key tu wahan kay imaaarat garon ki hai tameer
mager yeh paiker-e-khaakhi khudi se hai khaali
faqat niyaam hai tu zar nigaar-o-bay-shamsheer

And Iqbal describes the product of such a system as like this:

Teri nigah mein sabit nahi khuda ka wajood
Meri nigah mein sabit nahi wajood tera
Wajood kia hai ? faqat jauhar-e-khudi ki namood
Ker apni fikr kay jauhar hai namood tera

So you see, that we ourselves are not spiritually cleansed inside for others to see humanity amongst us ? He terms internal spirituality as "Khudi" . So when your body is devoid of this soul of "khudi" then how can you preach to others, rather you should be worried about yourself. And hence we need to clean ourselves first !.

Now you said Spirituality is not a function of religion ?. See this is where i will ask you to please humbly educate yourself. The three parts of a momin's faith. Iman, Islam and Ihsan. Here Ihsan is spirituality, Jibareel As himself came down as narrated in a Hadith I've quoted several times. His coming down was to show the SIGNIFICANCE of this spirit of IHSAN. But no doubt about the fact that just like everything else in this world their is Good and Bad in spirituality as well. After all the Magicians of Pharoah informed him about a child who will be born who would destroy his kingdom and setup a righteous rule :) - These magicians were spiritual followers of the Pharoah and their spirituality was satanic spirituality through magic, so hence it cannot be an example for us muslims. Now this is mentioned in the Quran, so naturally we will follow the Good Spirituality of Moses, ISA, and the best example of my AKKA pbuh NOT the magicians of Pharoah...who are even their today !

It is as simple as that ..Islam is a simple religion but we have been taken so far away from the essence of truth because of invasions of geography, ideology, economics and intellect that we have a hard time tracing the truth !









Jo siasat wali baat hai na.. Think of it this way. Give me 1 explain of 1 govt that has delivered consistently in the last 100 years. Think for a sec, 100 years is not a very long period in the human history. Lekin there simply isnt an example. Theek! In short, if you want to mess something up, give it to the Govt, especially the federal govt. With that said, why would you want to give Govt the authority over religious interpretation?

I mean mazhab k lyea senate ki seat thori zaroori hai! Look at Molana Tariq Jameel. Look at Sheikh Tahir ul Qadri. I know a few arabi imams here who keep their communities together as if those families were his own! Mazhab ka daira masjid se barhe, na k Senate se.

Majority of Islamic scholars have truly failed our religion. Do you know I wrote a financial article addressing the drawbacks of the Ulema but hesitating sending it for over a year till last week! Pata hai State Bank of Pakistan ki endorsement has in MUFTIYON ki...

Be very very careful who you listen to. I have this very simple rule in life - I will NOT do anything till I understand it (in terms of dealing with others).

Jahan baat spirituality ki hai.. Did you know Spirituality is NOT a function of religion? Neither is morality. You can be a "disbeliever" and yet be very spiritual. You can be an athiest but still be an honest person. Religion is a very very complicated school of thought. Its my personal opinion that just like everyone cant be a doctor or an engineer, everyone will never be a believer... Was true at the time of RasullAllah and it will remain true till the end of time.
 
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