Meaning
Ease, leisure, and freedom from care, the untroubled repose of a heart at rest from labour and want.
Literally: leisure, freedom from occupation
How Iqbal uses it
Faraghat is the heart's holiday from care, a state of ease and freedom from want. Iqbal regards such untroubled leisure with suspicion, for the comfortable rest of faraghat can lull the striving self into the sleep of complacency.