Ayub Khan & Islamic economics in Pakistan - Unionpedia, the concept map

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Difference between Ayub Khan and Islamic economics in Pakistan

Ayub Khan vs. Islamic economics in Pakistan

Muhammad Ayub Khan (14 May 190719 April 1974), better known as Ayub Khan, was a Pakistani military officer who served as the second president of Pakistan from 1958 to 1969. The economic policies proposed under the banner of "Islamisation" in Pakistan include executive decrees on Zakāt (poor-due), Ushr (tithe), judicial changes that helped to halt land redistribution to the poor, and perhaps most importantly, elimination of riba (defined by activists as interest charged on loans and securities).

Economic history of Pakistan

Since independence in 1947, the economy of Pakistan has emerged as a semi-industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification.

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Islamization in Pakistan

Islamization (اسلامی حکمرانی.) or Shariazation, has a long history in Pakistan since the 1950s, but it became the primary policy, or "centerpiece" of the government of General Muhammad Zia-ul-Haq, the ruler of Pakistan from 1977 until his death in 1988.

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Khyber Pakhtunkhwa

Khyber Pakhtunkhwa (خېبر پښتونخوا; Hindko and,; abbr. KP), formerly known as North West Frontier Province (NWFP), is a province of Pakistan.

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Land reform

Land reform is a form of agrarian reform involving the changing of laws, regulations, or customs regarding land ownership.

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Muhammad Zia-ul-Haq

Muhammad Zia-ul-Haq (12 August 192417 August 1988) was a Pakistani military officer who served as the sixth president of Pakistan from 1978 until his death.

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Nawaz Sharif

Mian Muhammad Nawaz Sharif (Urdu:; born 25 December 1949) is a Pakistani businessman and politician who served as the Prime Minister of Pakistan for three non-consecutive terms.

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Pakistan People's Party

The Pakistan People's Party (پاکستان پیپلز پارٹی,; PPP) is a centre-left political party in Pakistan.

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Pakistani rupee

The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan.

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Privatisation in Pakistan

The privatisation process in Pakistan, sometimes referred to as denationalisation programme or simply the privatisation in Pakistan) is a continuous policy measure program in the economic period of Pakistan. It was first conceived and implemented by the then-people-elected Prime Minister Nawaz Sharif and the Pakistan Muslim League, in an attempt to enable the nationalised industries towards market economy, immediately after the economic collapse of the Soviet Union in 1989–90. The programme was envisaged and visioned to improve the GDP growth of the national economy of Pakistan, and reversal of the nationalisation programme in 1970s— an inverse of the privatisation programme. In the period of the 1970s, all major private industries and utilities were put under the government ownership in an intensified programme, called the nationalisation programme that led the economic disaster in Pakistan. Since then, the demand for denationalisation gained currency towards the ending of the government of Pakistan Peoples Party in 1977, although a commission was set up by General Zia-ul-Haq government but no denationalisation programme began until 1990. The privatisation programme was launched on 22 January 1991 by Prime minister Nawaz Sharif in a vision to promote free-market economic principles, private-ownership and the mainstream goal to attract foreign investment in the country. But, as a result a good deal of the national wealth fell into the hands of a relatively small group of so-called business oligarchs (tycoons), and the wealth gap increased dramatically in the 1990s that halted the programme by Benazir Bhutto. Revisions were made in 1999, and finally launched the much more intensified privatisation programme under the watchful presiding leadership of Prime minister Shaukat Aziz in 2004. Finally, the programme was ended effectively at the end of 2007 when ~80%–90% of the industries were put under the management of private ownership of enterprises by Prime minister Shaukat Aziz.

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Supreme Court of Pakistan

The Supreme Court of Pakistan (عدالتِ عظمیٰ پاکستان; Adālat-e-Uzma Pākistān) is the apex court in the judicial hierarchy of the Islamic Republic of Pakistan.

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Zulfikar Ali Bhutto

Zulfikar Ali Bhutto (5 January 1928 – 4 April 1979) was a Pakistani barrister, politician, and statesman.

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