PM talks about state owned land as dead capital - i propose solution

[El Sidd]

For short term may be ........... but in the longer run even the man o salwah lost its appeal. Humans are hasty, impatient, greedy, miser, selfish. And capitalism is the gateway to all that.

anything which becomes stagnant give rise to problems. but my question was thus why if people consider it as haram? because it is not explicitly declared as such by religion

 

[I.R.A]

anything which becomes stagnant give rise to problems. but my question was thus why if people consider it as haram? because it is not explicitly declared as such by religion

It's a piece of paper after all. Close attention to consequences mentioned in Deen would make it easier to arrive at an understanding and a conclusion. Nothing in this world is our's, we just got it and started owning it.

 

[El Sidd]

It's a piece of paper after all. Close attention to consequences mentioned in Deen would make it easier to arrive at an understanding and a conclusion. Nothing in this world is our's, we just got it and started owning it.

that is true but if it were to be considered Haram it would have been explicitly stated like Interest is.
the only leash capitalism has is the method of zakaat. as far as how muslimeens use their wealth is a matter between them and Allah.

 

[pak-marine]

Prime Minister Imran Khan referred to government-owned land as ‘dead capital’ in a tweet on Monday, suggesting land used for government residences and other state buildings could be used to generate income instead of resorting to foreign aid.

PM Imran claimed that just the urban portion of this land is worth Rs300 billion while Pakistan’s daily interest payment amounts to Rs5 billion.

https://twitter.com/x/status/1039049394543316992

https://twitter.com/x/status/1039051900329623552

https://tribune.com.pk/story/1799612/1-pm-imran-suggests-income-generation-dead-capital-govt-land/

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I think a good way of using this land to release capital would be by using it for social housing or for state owned farms. I don't think it should be sold.

Pakistan is at a critical economic juncture, if CPEC works out, our next generation will have less poverty, a massive middle class and potentially a lot of disposable income. If that income is spent on generating more wealth within Pakistan, our grandchildren could live in a country with first world conditions and lifestyles.

Unfortunately in a lot of developing economies, as soon as there is wealth it is wasted in the property market. House prices in some parts of Pakistan are as expensive as the UK, US and anywhere else in the world. A large percentage of household income is spent on rent or mortgage repayments for 20-30 years of an adults prime earning years.

This urban land owned by the state should be held onto until we can afford to built a mix of cheap affordable housing (for people to buy) and social housing (to be rented at a very cheap rate). Build more homes than we need, don't let the property market boom, the property market is the real dead money. Bricks and labour do not cost that much more now than they did 20 years ago, property speculation is what drives the prices up.

If our next generation can live in homes that are cheap to buy, they will have less debt and more disposable income which they will either invest in business or spend on products created in Pakistan.

As for the rural land. Immediately it should be turned into state owned farms. food should be grown and flooded into the market. we should drastically reduce the cost of food for the common man through over-supply. At the same time, we should setup agricultural business hubs to make sure independent farmers who grow crops to sell are not forced into poverty. Instead they should be facilitated so that a percentage of their crops can be exported, so our farmers are making wealth too.

sell these along with governer , cm and pm houses

 

[I.R.A]

that is true but if it were to be considered Haram it would have been explicitly stated like Interest is.
the only leash capitalism has is the method of zakaat. as far as how muslimeens use their wealth is a matter between them and Allah.

If there weren't any capitalism there won't be any interest.

Zakaat is actually tax imposed by an Islamic state when they have issues and problems poverty like that of Pakistan. What form of wealth is healthy and which one is injurious to society should be studied again. And for land it should remain property of the state.

 

[El Sidd]

If there weren't any capitalism there won't be any interest.

Zakaat is actually tax imposed by an Islamic state when they have issues and problems poverty like that of Pakistan. What form of wealth is healthy and which one is injurious to society should be studied again. And for land it should remain property of the state.

interesting opinion but technically Zakaat/Jizya is the only tax which are automatic duty of the state.

 

[ranawat]

Is it Taj Mahal or taz Mahal?

Hamra log aise hi likhat ba , kauno parashani hai ka ?

 

[El Sidd]

Hamra log aise hi likhat ba , kauno parashani hai ka ?

aap Taz Mahal kyon nahi likhte phir?

 

[ARMalik]

I know IK is probably trying to look at all options but selling state owned lands should be the LAST resort. There are literally dozens of other areas where costs can be saved. Why is he going after selling lands? It does not make sense. He needs to get his priorities right. A lot of people are going to become really suspicions as to why a new PM is diverting his attention to SELLING GOVERNMENT lands. It can lead to various interpretations by people including corruption.

 

[ranawat]

aap Taz Mahal kyon nahi likhte phir?

Urdu is tough .

 

[I.R.A]

interesting opinion but technically Zakaat/Jizya is the only tax which are automatic duty of the state.

Automatic duty of the state?

 

[El Sidd]

Automatic duty of the state?

yes. it needs money to run. tax will be an automatic duty of the state, dont you agree?

 

[I.R.A]

yes. it needs money to run. tax will be an automatic duty of the state, dont you agree?

In case of need yes. But in case of area rich with resources, the state should be utilising those resources for the welfare of its people instead of asking them for money. If resources of Pakistan are put to effective utilization it can feed and look after the entire population and raise their living standard, agree?

 

[El Sidd]

In case of need yes. But in case of area rich with resources, the state should be utilising those resources for the welfare of its people instead of asking them for money. If resources of Pakistan are put to effective utilization it can feed and look after the entire population and raise their living standard, agree?

yes if the resources are state managed. yes it will be more fruitful

 

[ziaulislam]

Why will you idiots not look beyond your own nose. This is an out of the box solution. You cannot use standard capitalist bullshit to build a better society. Capitalism only generates wealth for a few at the cost of the many. Dubai is a perfect example of what to avoid. Steel and glass representing value and wealth, instead of real work resulting in goods and services that can be exchanged.

Post WW2 Britain was a shell of an Empire and was broke. It built itself back up and its economic strength went side by side with the rise of social housing. Millions of homes were built by the state and rented at cheap rates to the population. This freed up the population to spend on other things and it grew the economy. The economic crisis of 2008 happened because household debt had spiralled out of control. The biggest part of that debt was mortgage repayments. The "boom" of the housing market busted everything else.

If things go right for us, we're about to go through a period of economic growth. We have a very young population and already have a housing shortage. Money in thier pockets will lead to a higher demand for housing which will lead to more slums and higher house prices. if we build social housing and affordable homes, we avoid that scenario and leave more income in the hands of the population which will be spent on other products and services growing other sectors of the market other than the bank accounts of landlords and property speculators.

As for state owned farms, they've been used across the world with success.

Well dubai as example of failure is not a giod example trying saying usa. As local enjoy in dubai

But alternative as state owned institute are even a bigger failure as proven around the world and USSR..USSR had everything gold, diamonds , coal, oil but it also had corruption
State owned everything is what our polticabs want so they can keeping looting stuff