KARACHI: The Central Finance Minister, Mr Mohammad Shoaib, declared in Karachi yesterday that it was the Government’s definite aim to bring about a wider diffusion of stock ownership and to develop a stable middle class as the backbone of the nation.

He was speaking at a lunch given by the Chamber of Commerce and Industry at Beach Luxury Hotel yesterday. A large number of guests, including diplomats, leading industrialists and businessmen were present.

Mr Shoaib said that hitherto most industries in Pakistan had been held by a small number of family groups, but within a few years, he hoped, hundreds of thousands of Pakistani citizens will hold an appreciable share of all the prosperous industries.

Stressing the need for broader participation in the ownership and management of industries, he said: “If we are to avoid real trouble a few years hence, we have got to ensure that the common man can look forward, in the not too distant future, to the possibility of a better life for himself and his children.”

Industry, Mr Shoaib said, was the most dynamic and exciting sector of the national economy through which most young men would like to satisfy their ambitions. — Staff Correspondent

Education system ‘causing disunity’ HYDERABAD: The Speaker of the National Assembly, Maulvi Tamizuddin Khan, said here today (Jan 12) that the acquisition of knowledge was the bounden duty of every Muslim man and woman.

Maulvi Tamizuddin Khan was inaugurating a three-day Islamic Studies Conference at the Sind University. There were two kinds of institutions — Madrassahs and Darul Ulooms. They were called Islamic, but were not in reality full-fledged Islamic institutions. On the other hand, “our universities and colleges in general can hardly be called Islamic” although the subjects that are taught there may come within the scope of Islamic Studies.

He said these two divergent and antagonistic systems of education have the inevitable effect of splitting society into two mutually warring classes. They should ultimately meet somewhere in the middle of the road and merge into one to become a full-fledged system of real Islamic education, he said. — Correspondent

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