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مو لانا عبدالصمد رحمانی

مولانا عبدالصمد صاحب رحمانی
دوسرا حادثہ مولانا عبدالصمد صاحب رحمانی نائب امیر شریعت صوبہ بہار و اڑیسہ کا ہے وہ بھی پرانی یادگار، اس دور کے نامور عالم اور ملک و ملت کے پرانے خدمت گزار تھے، ملکی و ملی تحریکات میں ان کا نمایاں حصہ رہا، خلافت اور ترک موالات کی تحریک اور ہندوستان کی آزادی کی جدوجہد میں مولانا سجاد بہاری مرحوم کے رفیق کار تھے، ان کی وفات سے ایک قدیم یادگار اٹھ گئی، اﷲ تعالیٰ ان کے مدارج بلند فرمائے۔
(شاہ معین الدین ندوی،جون ۱۹۷۳ء)

پاکستانی معاشرہ اور تعلیمات قرآنی میں بعد

In spite of the fact that Pakistan is an Islamic Republic, 97% of the population is Muslim and majority of it is considered sentimently staunch Muslims; it is a fact that society is not familiar and closely attached with Quranic injunctions. There are many reasons for that such as custom of teaching Quran Nazira (reciting Quran without understanding), Arabic language is not part of curriculum and when it is taught in DiniMadaris, it is taught in boring Grammar Method relying on memorization. Quran is not taught in modern schools, colleges and universities and lower social status of Quran teachers etc. It is absolutely necessary that teaching Quran with comprehension and understanding is given due importance by Ulama, governments and Muslim society at large. It should be made integral part of curriculum in modern schools and universities. Status of Quran/Arabic teachers should be elevated and Arabic language should be taught in an attractive method;  and other necessary measures are taken to make Quran ‘talk of the town’ so that every Muslim understands it and acts upon its injunctions.

The Relationship Between Capital Structure, Free Cash Flow and Performance of Oil and Gas Companies Listed on Psx

The main objective of this study is to find the relationship between capital structure, free cash flow, and performance of oil and gas companies listed on PSX over the last eleven years (2005-2015). The study is quantitative in nature, follow positivistic paradigm and deductive approach. The study employ capital structure measure, total debt to total assets ratio, and free cash flow as the independent variables of the study, while firm?s performance measures, return on assets and Tobin?s Q are included as the dependent variables of the study. The study also employs firm size, assets growth, interest rate, inflation rate and world oil prices as the control variables. The population of the study consists of all oil and gas firms listed on PSX and financial period under consideration is from 2005 to 2015. The whole oil and gas sector consisting of twelve companies is under study but due to unavailability of financial data of two companies for full period under consideration, the final sample consist of ten oil and gas companies listed on PSX. Out of ten PSX listed oil and gas companies, four companies are involved in oil and gas exploration and production and the other six are involved in oil and gas marketing and distribution. Thus, to get better insight into the performance of both category of firms, overall PSX listed oil and gas firms were broadly categorized in two categories i.e. exploration and production companies and marketing and distribution companies. The required financial data is extracted from the annual reports of the sample companies and different statistical analysis is performed with the help of Stata version 13.0, to fulfill the objectives of the study. After assumption testing through Hausman Test, and BPLM Test, an OLS regression model is selected as the final model and interpretations are made accordingly. The study find a negative relationship between total debt to total assets ratio and firm?s performance measured through return on assets and Tobin?s Q for oil and gas exploration and production companies as well as for oil and gas marketing and distribution companies, suggesting that higher level of debt will decrease firm?s performance. The results also showed a significant positive relationship between free cash flow and both firm?s performance measures under study for oil and gas exploration and production companies as well as for oil and gas marketing and distribution companies, indicating a lack of evidence supporting the free cash flow hypothesis. The results also showed a significant positive relationship between assets growth and both firm?s performance measures under study for both categories of oil and gas companies, whereas, a significant negative relationship is observed between firm size, interest rate, inflation rate, world oil prices for both categories of oil and gas companies under study and both firm?s performance measures.
Asian Research Index Whatsapp Chanel
Asian Research Index Whatsapp Chanel

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