Re: Internal Debts Vs External Debts OF Pakistan
You take the loan and then cry about repaying it.
Then you quote Islam and riba but then when I show you the islamic countries are no different then you denounce them all as unislamic.
I don't know why it is so difficult to understand - the countries with mony to invest do not have any recourse but to invest in the West and they expect to be paid interest. They do not trust the 3rd world countries as places to invest in. BECAUSE the 3rd world countries, whether islamic or not, cannot afford the interest.
Which means countries like Pak have no choice but to borrow from only those who are willing to lend - in this case the 'west'. For interest.
It is either that or you forget about any form development. When that happens you end up with a Ethiopia or Haiti.
Instead of facing simple facts of life staring at your face, bringing on esoteric theory such interest free world may sound nice to some but has neither teeth nor legs