LAHORE - The end of socialism and continuous fall of capitalism clearly show that Islami economic system is the only solution to financial problems of human being, said Editor-in-Chief TheNation and Chairman Nazria Pakistan Trust Majid Nizami. He said that Allama Iqbal was against feudalism but as far as communism was concerned, Iqbal was sympathetic towards its economic approach provided its follower would not be atheist. Sharing his views on 'Economic Vision of Allama Muhammad Iqbal at Aiwan-e-Karkunan Tehrik-e-Pakistan here on Saturday, Majid Nizami said that he was the follower of Allama Iqbal and student of his thoughts. I studied the poetry of the great poet during my student life which put long-lasting impact on my thoughts. Eminent economist and Vice-chairman NPT Dr Rafique Ahmad delivered lecture on the topic, which was largely attended by people from various walks of life. Begum Majida Wyne especially attended the lecture. The state would provide education, medical facilities, and employment to its citizens and this was the Islamic concept of welfare state, he explained. Our rulers have to adopt moderation and Islamic approach on economy if they want to follow the vision of Quaid-e-Azam Muhammad Ali Jinnah and Allama Iqbal and wished to make Pakistan a laboratory of Islam, Majid Nizami concluded. Earlier, Dr Rafique Ahmed said that Allama Iqbals economic vision was an integral part of his overall philosophy of life according to which man had all the capacities and capabilities to become master of the entire universe. However, the greatest barrier in the way of development and utilisation of their capacities was in the shape of poverty and economic disparities which resulted from exploitative nature of economic institutions and groups, he added Here Iqbal stands away with all forms of exploitative socio-economic structures and policies so that a growth-promoting human culture can be developed. Iqbal condemns capitalism and fascism but so far as communism concerned he viewed its economic approach sympathetically but condemns its atheistic content. Iqbal stands for giving right of cultivation by tillers thereby abolishing all types of landlordism. The great philosopher, during his membership of Punjab Legislative Council strongly advocated for agricultural income tax and death duties, Dr Rafique added. He said that 'Ilm-ul-Iqtisad was the first ever book on economics in Urdu language written by Allama Iqbal. He further said that Iqbal opposed concentration of wealth in few hands, as he had believed that this would lead to exploitation of poor. Iqbal always encouraged Muslim youth to equip themselves with technical education so that they could stand on their feet. He emphasised that Allama Iqbal always supported women education to enable them to play an active role in the national life.