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Economic Prospects for 2025 and the Proposed Islamic Revolutionary Response

2025, Islami inqilab

Abstract

Islamic parties in Pakistan do not have a coherent economic agenda. They generally endorse a social democratic reform program without an appreciation of the capitalist context within which their social democratic reforms are inevitably situated in present day Pakistan. Thus, the social democratic economic agenda advocated by the Islamic parties if wholly or partially implemented, will provide Islamic legitimation of capitalist policies. This paper outlines the economic prospects for 2025 so as to understand the strategy of the incumbent regime. This serves as a basis for developing some tentative proposals for challenging imperialist capitalist hegemony in the economic sphere and the development of a non-capitalist sphere of production and exchange in Pakistan by the Islamic parties.