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بیگم قدسیہ اعزاز رسول

بیگم قدسیہ اعزاز رسول کی وفات
یہ خبر رنج وغم کے ساتھ سنی جائے گی کہ یکم اگست کو بیگم قدسیہ اعزاز رسول کا طویل علالت کے بعد انتقال ہو گیا، ان کا آبائی وطن مالیر کوٹلہ تھا، ان کے والد یہاں کے معزز اور بڑے بااثر شخص تھے، ان کی شادی نواب اعزاز رسول سے ہوئی جو سندیلہ کے بڑے تعلقہ دار تھے۔
بیگم صاحبہ کی زندگی قومی، سیاسی، سماجی اور تعلیمی سرگرمیوں کے لئے وقف رہی۔ آزادی سے پہلے وہ اور ان کے شوہر مسلم لیگ سے وابستہ رہے، نواب صاحب یو۔پی مسلم لیگ کے جنرل سکریٹری تھے جن کا کئی برس پہلے ہی انتقال ہو چکا ہے۔
بیگم قدسیہ کا شمار کانگریس کے سرکردہ لوگوں میں ہوتا ہے، وہ ہندوستان کی دستور ساز اسمبلی کی رکن تھیں اور اب اس کی یہی ایک ممبر رہ گئی تھیں، ان کی وفات سے یہ یادگار بھی ختم ہوگئی۔
وہ عبوری پارلیمنٹ اور راجیہ سبھا کی رکن رہیں اور کئی بار سندیلہ اسمبلی حلقے سے کانگریس کے ٹکٹ پر یو۔پی اسمبلی کی ممبر منتخب ہوئیں اور وزیر بھی مقرر کی گئیں۔
بیگم صاحبہ اتر پردیش اقلیتی کمیشن کی چیر مین اور بر سوں آل انڈیا ویمنس ہائی ایسوسی ایشن کی صدر رہیں، انہوں نے سندیلہ اور لکھنؤ کے کئی علمی و تعلیمی اداروں کی سر پرستی اور نگرانی بھی کی۔
وہ قدیم تہذیب وشرافت کانمونہ اور قوم و ملت کی پرانی روایات واقدار کی حامل تھیں، اب قومی رہنماؤں میں بہت کم لوگ ہی ایسے رہ گئے ہیں۔ دارالمصنفین سے بھی لگاؤ تھا، اقلیتی کمیشن کے سر براہ کی حیثیت سے اعظم گڑھ تشریف لائیں تو یہیں اس کی میٹنگ رکھی اور اقلیتی نمائندوں سے تبادلۂ خیال کیا، اﷲتعالیٰ عالم آخرت میں قوم و ملک کی اس خدمت گزار کے درجات بلند کرے، آمین!! (ضیاء الدین اصلاحی،...

افراد سازی میں خصوصی دلچسپیوں اور رجحانات کی رعایت سیرت طیبہ کی روشنی میں

One of the aspects of the teaching and grooming of people by the the of tendencies and interest special the considering was (صلى الله عليه وسلم) Prophet companions and preparing, guiding, grooming and appreciating them in their respective fields of special interests and tendencies. This consideration of their special interests and tendencies and grooming and guiding them in this respect enabled them to exercise their abilities and serve the society in the academic, preaching, political, economic, social, judicial, diplomatic and other aspects. Until and unless the interest and tendencies of youth are not kept in mind, abilities of youth can never be utilized. Our Holy Prophet (ﷺ) took great care of youth’s interests before their training for specific field. The present paper intends to analyze the life of five companions and their excellence in field of education which was result of the Prophet’s consistent guidance and grooming according to their special interests and tendencies which resulted in their extra ordinary status in their respective fields and constructive contribution in the establishment and strengthening the structural foundations of society. The present Muslim world is in the need of seeking the guidance from the life of the Prophet in this respect and considering the special tendencies and interests of the youth and grooming, guiding and upbringing them in their respective fields so that they could contribute to the positive and constructive upbringing of the humanity in general and Muslim society in specific.

Financial Signaling and Information Asymmetries in Debt Vs. Equity The Theory and Empirics Among Emerging and Transitional Market: Perspective from Pakistan

This study examines the relative effect of capital structure theories and the determinants to establish best understanding of the most appropriate theory to explain debt vs. equity hypothesis and the behavior of firms. The theories provide theoretical basis to compare with empirical findings of quantitative analysis. This study covers the period from the period 2001 to 2010 of listed companies of Karachi Stock Exchange, Pakistan. It is obvious that determinants of capital structure affect the choice of debt vs. equity in emerging and transitional economies. A number of econometric models from OLS to EBA are being used to identify the empirical evidences for this perspective. The results reveal that seven variables: investment growth opportunity (IGO), agency cost (AC), liquidity (CR), financial flexibility (FF), free cash flows (FCF), tax effect (DP) and interest rate (IR) have robust - signaling relationship and highly sensitive to debt vs. equity. This study explains the financial signaling and asymmetry of information risk due to debt vs. equity decisions. For the whole sample period, the study found evidence of financial signaling and information asymmetries of risk due to Debt vs. Equity decisions. There is a significant effect of the systematic risk (β), should also report about the persistence of negative effect during the sample period. There is a significant effect of the interest rate (IR). The empirical results report about the persistence of interest rate (IR) negative effect during the sample period. It is observed and resulted that increase in debt vs. equity negatively associated with the value of the firm. This proved inverse relationship among debt vs. equity and firm value variables. This showed inconsistency of prior findings as Modigliani and Miller (1958) theory that the market value is irrelevant to financial policy. The results presented that corporate corporate governance (CG) has significant effect on firm performance (FP) under transaction cost economics theory and good management theory. It is obvious from the results that corporate governance (CG) has significant effect on the firm value. In addition, it is also shown that corporate governance (CG) does have mediating and moderating effect in between the corporate financial structure (CFS) and firm value. The negative relationship shows an agency problem. Therefore, the investors do not have the equal information of the particular firm as the manager holds. Furthermore, the financial signaling and asymmetries of information hypothesis reflected that choice of debt or equity must have influence the behavior of the investor due to information asymmetries, it is seen negative and increase threaten of bankruptcy and financial distress. It is found that product and asset specificity diversification have a significant relationship with capital structure for best alignment of cost with trade off signaling and asymmetric risk. However, Extreme Bound Analysis (EBA) an econometric technique is used to analyze the variables and investigates the significant empirical findings. The empirical findings of the study have implications for risk management appropriately to reflect the effect on financial decisions in emerging and transitional economies.
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Asian Research Index Whatsapp Chanel

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