IFIs and Debit Policies


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Life and Debt in Pakistan: Speaker Tour 2013

Jubilee Debt Campaign

Publishing Date: October 8th 2013

The people of Pakistan have suffered from a crippling national debt for 40 years. The global financial crisis, the horrific floods of 2010 and the so-called ‘war on terror’ have all made Pakistan’s debt spiral out of control.

This debt has done little for the majority of Pakistan’s people. It has increased inequality and deepened impoverishment. Today, 50 million people live below the poverty line. Over 20 percent of government revenue is spent on debt payments – more than on health and education combined.

In September, the International Monetary Fund (IMF) agreed the latest in a long-line of ‘bailout’ loans, paying off reckless lenders, whilst keeping Pakistan trapped in debt. As a condition of the loans, public spending will be cut and prices for food and fuel increased. Meanwhile, richer companies and individuals continue to pay too little in tax. The people of Pakistan must be free to decide upon their own economic future – a future without the crippling burden of inherited debts and IMF-imposed conditions.

On his speaking tour of UK, Abdul Khaliq from CADTM-Pakistan, would be examining the impact of sovereign debt on life in Pakistan, and the struggle against it. He will tell us the stories from Pakistan we do not hear in the news – the impact of debt on people’s lives, the extreme economic policies pursued in the name of paying unjust debt, and how people are struggling for a fairer society.

Foula Farmakidi from the Greek Debt Audit Campaign, which campaigns for debt cancellation and a public debt audit committee. This seeks to reveal the source of Greece’s debt, towards democratic decision making about what to do with it, and holding those responsible to account. Foula will report on the devastating social impacts of the crisis on Greece, and the resistance movements pushing for people centred solutions.

Dr Fayaz Ahmed, Country Director for Islamic Relief Pakistan, will explain how an audit into Pakistan’s debt is needed to tackle the crisis, alongside other measures such as creating a tax system where large corporations and richer people pay their fair share.

Tim Jones from Jubilee Debt Campaign will show how Pakistan’s experience is replicated across the world, from Tunisia to Ireland, Jamaica to Greece. And how the inspiring struggles in these countries point towards a world which does not suffer from unjust debt.

Habib Malik from Islamic Relief UK, an international aid and development charity which aims to alleviate the suffering of the world’s poorest people. Islamic Relief is pushing for measures to tackle Pakistan’s debt crisis, including a public audit into the debt.

Rabnawaz Akbar, Labour Party Councillor Rusholme Ward and a Jubilee for Justice signatory.

Afzal Khan, Labour Party Councillor for Cheetham Ward, and the first Asian and Muslim Lord Mayor of Manchester from 2005 to 2006.

Event Details

  • Birmingham: 28th October, 7pm – 9pm

Aston University, Lecture Theatre MB108, Aston Triangle, B4 7ET

With Abdul Khaliq (CADTM-Pakistan), Tim Jones (Jubilee Debt Campaign), and Reyhana Patel (Islamic Relief Worldwide).

  • Manchester: 29th and 30th October, 7pm – 9pm

29th October - Trinity United Church, Cheetham Hill Road, M8 9LG
30th October - Pakistani Community Centre, 612 Stockport Road, M13 0RQ

With With Abdul Khaliq (CADTM-Pakistan), Tim Jones (Jubilee Debt Campaign), Habib Malik (Islamic Relief UK), Rabnawaz Akbar (Labour Party Councillor), and Afzal Khan (Labour Party Councillor).

  • Bradford: 31st October, 7pm – 9pm

Carlisle Business Centre, Carlisle Road, BD8 8BD

With Abdul Khaliq (CADTM-Pakistan), Tim Jones (Jubilee Debt Campaign) and Habib Malik (Islamic Relief UK).

  • London: 2nd November, 2.30pm – 4pm

NewVic College, Prince Regent Lane, Newham, E13 8SG

Part of the Shared Planet conference, see

With Abdul Khaliq (CADTM-Pakistan), Foula Farmakidi (Greek Debt Audit Campaign), Dr Fayaz Ahmed (Islamic Relief Pakistan), and Tim Jones (Jubilee Debt Campaign).

  • Glasgow: 6th November, Venue TBC, 7pm – 9pm.

Please check back here for venue details, which will be added soon.

With With Abdul Khaliq (CADTM-Pakistan), Alys Mumford (Jubilee Scotland) and Habib Malik (Islamic Relief UK).

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