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Pakistan vigorously championed the right of self-determination for Muslims around the world. Pakistan's efforts for the independence movements of Indonesia, Libya, Algeria, Tunisia, Egypt, Morocco, Somalia, Azerbaijan, and Eritrea were significant and initially led to close ties between these countries and Pakistan. [57]
Bhutto subsequently visited Dhaka in July 1974. Established relations on 18 January 1976. Pakistan has raised many important issues at the second summit of OIC. [2] Pakistan has had frayed relations with India and because of its involvement in civil war, East Pakistan seceded from West Pakistan in 1971. The intervention gave rise to the state ...
The night view of Shah Faisal Mosque.The Mosque occupies a unique and cultural significance in Pakistan. The economic policies proposed under the banner of "Islamisation" in Pakistan include executive decrees on Zakāt (poor-due), Ushr (), judicial changes that helped to halt land redistribution to the poor, and perhaps most importantly, elimination of riba (defined by activists as interest ...
As the second largest South Asian country, and one of the major actors in the politics of the Muslim world, {close to India} ] Pakistan is a focus of multidisciplinary studies. [3] Various universities in the United States and the United Kingdom have research groups busy in academic and research related activities on Pakistan Studies.
The ideology expands on a nation using its religious character in order to boost economic leverage. For example, under Zia's Pakistan, he took advantage of Pakistan's Islamic image in order to create favourable economic links with the oil-producing Arab states, as well as securing Pakistan's “security and territorial sovereignty.” [30]
The journal is issued quarterly and, with a fair mix of topics, regularly contains original (theoretical and empirical) contributions to Economics, in general, and on Pakistan's socio-economic problems, in particular. Nearly every issue carries contributions by scholars from Pakistan and overseas.
A supporter of Islamic economics describes a "major difficulty" faced by Islamic reformers of Islamic economics and pointed out by other authors, namely that because a financial system is an "integrated and coherent structure", to create an Islamic system "based on trust, community and no interest" requires "changes and interventions on several ...
Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s. Two wars with India - the Second Kashmir War in 1965 and the separation of Bangladesh from Pakistan also adversely affected economic growth. [35]