Home / Magazine / Reports / Quaid-i-Azam M.A. Jinnah’s Last Speech: Amazing & Shocking

Quaid-i-Azam M.A. Jinnah’s Last Speech: Amazing & Shocking

State Bank of Pakistan has been witness to various historic moments. The State Bank itself was inaugurated by Quaid-i-Azam Muhammad Ali Jinnah. Quaid-e-Azam’s last speech which has been kept hidden from us, because he proposed an economic system based on true Islamic concept. Read the paragraph 4 for which it was kept as an forgotten word, it not only rejects the secular-state theory of Quaid Aazam’s Pakistan but establishes Jinnah’s views about western system. Look how close he predicts the western collapse 60 years before. This speech was delivered on the opening ceremony of The State Bank of Pakistan on 1st July, 1948. Also watch Zaid Hamid comments on this too at the end.

Quaid-i-Azam delivering his inaugural address on the occasion of the opening ceremony of the State Bank of Pakistan on July 1, 1948.

“Mr. Governor, Directors of State Bank, Ladies and Gentlemen.

The opening of the State Bank of Pakistan symbolizes the sovereignty of our State in the financial sphere and I am very glad to be here today to perform the opening ceremony. It was not considered feasible to start a Bank of our own simultaneously with the coming into being of Pakistan in August last year. A good deal of preparatory work must precede the inauguration of an institution responsible for such technical and delicate work as note issue and banking. To allow for this preparation, it was provided, under the Pakistan Monetary System and Reserve Bank Order, 1947, that the Reserve Bank of India should continue to be the currency and banking authority of Pakistan till the 30th September, 1948. Later on it was felt that it would be in the best interests of our State if the Reserve Bank of India were relieved of its functions in Pakistan, as early as possible. The State of transfer of these functions to a Pakistan agency was consequently advanced by three months in agreement with the Government of India and the Reserve Bank. It was at the same time decided to establish a Central Bank of Pakistan in preference to any other agency for managing our currency and banking. This decision left very little time for the small band of trained personnel in this field in Pakistan to complete the preliminaries and they have by their untiring effort and hard work completed their task by the due date which is very creditable to them, and I wish to record a note of our appreciation of their labours.

As you have observed, Mr. Governor in undivided India banking was kept a close preserve of non-Muslims and their migration from Western Pakistan has caused a good deal of dislocation in the economic life of our young State. In order that the wheels of commerce and industry should run smoothly, it is imperative that the vacuum caused by the exodus of non-Muslims should be filled without delay. I am glad to note that schemes for training Pakistan nationals in banking are in hand. I will watch their progress with interest and I am confident that the State Bank will receive the co-operation of all concerned including the banks and Universities in pushing them forward. Banking will provide a new and wide field in which the genius of our young men can find full play. I am sure that they will come forward in large numbers to take advantage of the training facilities which are proposed to be provided. While doing so, they will not only be benefiting themselves but also contributing to the well-being of our State.

I need hardly dilate on the important role that the State Bank will have to play in regulating the economic life of our country. The monetary policy of the bank will have a direct bearing on our trade and commerce, both inside Pakistan as well as with the outside world and it is only to be desired that your policy should encourage maximum production and a free flow of trade. The monetary policy pursued during the war years contributed, in no small measure, to our present day economic problems. The abnormal rise in the cost of living has hit the poorer sections of society including those with fixed incomes very hard indeed and is responsible to a great extent for the prevailing unrest in the country. The policy of the Pakistan Government is to stabilize prices at a level that would be fair to the producer, as well as the consumer. I hope your efforts will be directed in the same direction in order to tackle this crucial problem with success.

I shall watch with keenness the work of your Research Organization in evolving banking practices compatible with Islamic ideas of social and economic life. The economic system of the West has created almost insoluble problems for humanity and to many of us it appears that only a miracle can save it from disaster that is not facing the world. It has failed to do justice between man and man and to eradicate friction from the international field. On the contrary, it was largely responsible for the two world wars in the last half century. The Western world, in spite of its advantages, of mechanization and industrial efficiency is today in a worse mess than ever before in history. The adoption of Western economic theory and practice will not help us in achieving our goal of creating a happy and contended people. We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind.

May the Sate Bank of Pakistan prosper and fulfill the high ideals which have been set as its goal.

In the end I thank you, Mr. Governor, for the warm welcome given to me by you and your colleagues, and the distinguished guests who have graced this occasion as a mark of their good wishes and the honour your have done me in inviting me to perform this historic opening ceremony of the State Bank which I feel will develop into one of our greatest national institutions and play its part fully throughout the world.”

Quaid-i-Azam Muhammad Ali Jinnah 1st July, 1948

Inaugural Ceremony of The State Bank of Pakistan
original source: http://sbp.org.pk/about/history/h_moments.htm

7 comments

  1. good to know about great leader also wants the Islamic Economics System. Thanks to Zaid Hamid to discover this speech.

  2. amazing. this washes all the brain washes

  3. i am also shocked javed bahi, q k Agar Quaid-e-azam as a governer general ye kah chukay thay to ye bat sabit karti hay us waqt b pakistan ma asy anasar aa gaye thay jo k apnay quaid tak ke bat ko jo k i think hamaray liye order ka darja hay usay mannay se inkar kartay han

  4. Where would you put the following speech of 11 August 1947?
    Muhammad Ali Jinnah’s 11th August Speech is one of the most famous speeches made by Muhammad Ali Jinnah, founding father of Pakistan and known as Quaid-e-Azam (Great Leader). Today there is hardly a more contentious issue in Pakistan than the issue of Jinnah’s vision. While Pakistan was created as a result of what could be described as Indian Muslim nationalism, Jinnah was widely held as a secular liberal barrister[1] who had once championed the cause of Hindu-Muslim Unity and a United India.[2][3][4] When the Partition of India finally occurred, Jinnah, soon-to-be Governor General of the Dominion of Pakistan, gave expression to his vision of Pakistan in an address to the Constituent Assembly, delivered on August 11, 1947. He spoke of an inclusive and impartial government, religious freedom, rule of law and equality for all. He also seemed to advocate the separation of church and state.

  5. This video and the speech is a slap to the people like saleena Karim, who are mentally sick and in whom blood the hate and flames of revenge from Pakistan, Islam and Jinnah has been insulin, I specially have message to Saleena karim who feels proud on so called exposing the Secular Jinnah,
    “Saleena you and your evidences provided in the book and on your website are speaking the language of ignorance, ignorance about history about Islam, You Saleena Karim is mentally sick researcher or historian, providing unrealistic and fake speeches and naming them speech by Jinnah, can not prove anything and can not perish the Truth.”

  6. @ Ali Hassan:

    Have you even read Saleena Karim’s book? She proved that Quaid-i-Azam Jinnah Saheb was a great Islamic leader and that secularists are liars. She defended our ideology and Islam! She also wrote about the Quaid’s speech to the state bank. READ PROPERLY before you make stupid comments!

  7. Assalam o Alakum

    Subha Bakher Pakistan.

    want to just inform all banks of Pakistan….if they want to do really some thing very change for development of economic for deserving Pakistani Peoples, then everything possible….Idea is not big deal, need corporate and unity.believe the imaginations and struggle.Alhamdolillah I can serve this job.its not rocket science.perhaps if they want.

    Waasalam

Leave a Reply