- 8. Islamization of economy.
- (l) The State shall take steps to ensure that the economic system of Pakistan is constructed on the basis of Islamic economic objectives, principles, and priorities.
- (2) The Federal Government shall, within thirty days from the commencement of this Act, appoint a Commission consisting of economists, bankers, jurists, ulema, elected representatives and such other persons as it may deem fit and appoint one of them to be its Chairman.
- (3) The functions of the commission shall be–
- (a) to recommend measures and steps, including suitable alternatives, by which the economic system enunciated by Islam could be established ;
- (b) to recommend the ways, means and strategy for such changes in the economic system of Pakistan so as to achieve the social and economic well being of the people as envisaged by Article 38 of the Constitution;
- (c) to undertake the examination of any fiscal law or any law relating to the levy and collection of taxes and fees or banking or insurance law or practice and procedure to determine whether or not these are repugnant to the Shari’ah and to make recommendations to bring such laws, practices and procedure in conformity with the Shari’ah and
- (d) to monitor progress in respect of the Islamization of economy, identifying lapses and bottlenecks, if any, and suggest alternatives to remove any difficulty.
- (4) The Commission shall oversee the process of elimination of Riba form every sphere of economic activity in the shortest possible time and also recommend such measures to the Government as would ensure the total elimination of Riba from the economy.
- (5) The Commission shall submit its reports on a regular basis and at suitable intervals to the Federal Government which shall place the same before both the Houses of Majlis-e-Shoora (Parliament) and shall also respond to any queries sent to it by the Federal Government in respect of establishment of the Islamic economic order.
- (6) The Commission shall have the power to conduct its proceedings and regulate its procedure in all respects as it may deem fit.
- (7) All executive authorities, institutions and local authorities shall act in aid of the Commission.
- (8) The Ministry of Finance in the Government of Pakistan shall be responsible for the administrative matter relating to the Commission.
- 9. Mass media to promote Islamic values.
- (l) The State shall take steps to promote Islamic values through the mass media.
- (2) The publication and promotion of programs against or in derogation to the Shari’ah, including obscene material shall be forbidden.
- 10. Protection of life, liberty, property, etc.
In order to protect the life, honour, liberty, property and the rights of the citizens, the State shall take legislative and administrative measures to—
- (a) introduce administrative and police reforms;
- (b) prevent acts of terrorism and sabotage and disruptive activities; and
- (c) prevent the possession and display of illicit arms.
- 11. Elimination of bribery and corruption.
The State shall take legislative and administrative measures, to eliminate bribery, corruption and malpractices and provide for exemplary punishment for such offences.
- 12. Eradication of obscenity, vulgarity, etc.—Effective legal and administrative measures shall be taken by the State to eradicate obscenity, vulgarity and other moral vices.
- 13. Eradication of social evils.
The State shall take effective measures for enactment of law eradicating social evils and promoting Islamic virtues on the principles of amr bil ma’roof wa nahi’ anil Munkar as laid down in the Holy Qur’an.
- 14. Nizami-i-adl.
The State shall take adequate measures for the Islamization of the judicial system by eliminating laws delays, multiplicity of proceedings in different Courts, litigation expenses and ensuring the quest for truth by the Court.
- 15. Bait-ul-Mal (Welfare Fund).
The State shall take steps to set up a Bait-ul-Mal for providing assistance to the poor, needy, helpless, handicapped, invalids, widows, orphans and the destitute.
- 16. Protection of the ideology of Pakistan, etc.
The State shall enact laws to protect the ideology, solidarity and integrity of Pakistan as an Islamic State.
- 17. Safeguard against false imputations, etc.
The State shall take legislative and administrative measures to protect the honour and reputation of the citizens against false imputations, character assassination and violation of privacy.
- 18. International financial obligations, etc.
Notwithstanding anything contained in this act or any decision of any Court, till an alternative economic system is introduced, financial obligations incurred and contracts made between a National Institution and a Foreign Agency shall continue to remain and be valid, binding and operative.
- Explanation:— In this section, the expression "National Institution" shall include the Federal Government or a Provincial Government, a statutory corporation, company, institution, body, enterprise or any person in Pakistan and the expression "Foreign Agency" shall include a foreign government, a foreign financial institution, foreign capital market, including a bank and any foreign lending agency, including an individual and a supplier of goods, and services.
- 19. Fulfillment of existing obligations.
Nothing contained in this Act or any decision made thereunder shall affect the validity of any financial obligations incurred, including under any instruments, whether contractual or otherwise, promises to pay or any other financial commitments made by or on behalf of the Federal Government or a Provincial Government or a financial or statutory corporation or other institution to make payments envisaged therein, and all such obligations, promises and commitments shall be valid, binding and operative till an alternative economic system is evolved.
- 20. Rights of women not to be affected.
Notwithstanding anything contained in this Act, the rights of women as guaranteed by the Constitution shall not be affected.
- 21. Laws to be enacted by Majlis-e-Shoora (Parliament) and Provincial Assembly only.
Notwithstanding anything contained in this Act or the judgment or any Court, including the Supreme Court, all laws shall be enacted exclusively by the Majlis-e-Shoora (Parliament) and the Provincial Assembly, as the case may be, and no law shall be made or be deemed to have been made unless it is made in the manner laid down in the Constitution.
- 22. Rules.
The Federal Government may, by notification in the official gazette, make rules for carrying out the purposes of this Act.