Market Forces (Journal of Management, Business and Economics, College of Management Science, PAF-KIET)
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AN ANALYSIS OF THE TAX BUOYANCY RATES IN PAKISTAN
Get PDFBy using econometric techniques for estimating tax elasticities, this paper finds significant but low tax buoyancy rates for GDP, M0 and volume of trade. Surprisingly, the theoretically important factor of tax evasion (SFTR) was found to be ineffective. This indicates that SFTR is not an adequate measure of tax evasion. There is no significant association between tax revenue growth and investment, credit, public debt and inflation. This illustrates the weakness of the tax regime in Pakistan
THE ROLE OF CENTRAL BANKS IN FACILITATING TRADE & INVESTMENT
Get PDFA unique feature that can be observed in the statutes creating central banks has been the restriction, or sometimes the total prohibition, imposed on them in getting directly involved in economic activities. This restriction has stemmed from another unique feature inherent with central banks: the power to acquire assets by raising their liabilities at will
WHY ACCOUNTANCY FRAUD THRIVES IN AMERICA
Get PDFCorporate crime is booming once again in America. America has always been its natural home. In 2005 a long line of American ‘whiz kid’ CEOs went to jail with life or near life sentences—Dennis Kowzloski and Mark Swartz of Tyco, John and Timothy Ragas of Adelphia, Andrew Festow of Enron, Martin Glass of Rite Aid, Jamie Olis of Dynergy Sam Wicksal of I m Clone and of course Bernie Ebbers of World Com. By persecuting individuals and sparing companies –Enron, World Com, Arthur Anderson, Tyco and Rice Aid continue to survive and often, thrive—American judges have shown their awareness of the link between burgeoning corporate crime and impending capitalist crises
BRAND PERSONIFICATION OF MOBILINK, U-PHONE, TELENOR, AND WARID
Get PDFThe purpose of this study was review the concept of brand personification and its importance in marketing; review previously developed brand personality scales; develop brand personality scale that is brand- category and cultural specific; and use it for measuring the brand personality of Mobilink, Telenor, Warid and U-phone. Brand personification is an old concept; it evolved in early fifties when celebrities started to endorse brands. The use of famous peoples and their personalities not only helps marketers position their brands but it seduces those consumers to purchase the products who identify themselves with these stars. Aaker’s (1997) research “Brand Personality Dimensions†is considered as the pioneering research on brand personification. Three different studies on brand personality scales have been used in this research for developing a brand personification scale that is brand-category and Pakistani cultural specific. A sample of one hundred and twenty was drawn. Most respondents were in the age range of (16-25 years) as suggested by the mobile service providers. The questionnaire administered to the respondents was based on rating and nominal scale; it has 27 items including personal related items. The brand personification of Mobilink was found to be “competenceâ€, ufone it was “sincerityâ€, Telenor was “sophistication†and Warid was†excitementâ€. Standard deviation of the respondents on the four-brand personification ranged from .78 to .87. Negative skew nesses were found in all four-brand personification ratings. The hypothesis relating to the means of α of factor “A†being equal was rejected. Similarly the hypothesis relating to the means of β of factor “B†being equal was rejected. The hypothesis stipulating that the factors A and B do not interact to affect the mean responses was also rejected
CALIBRATION OF MEASURING AND TEST EQUIPMENT
Get PDFOne of the most frequent reasons for failing to obtain ISO certification in Pakistan is the absence of an adequate calibration system. There are few resources in Pakistan for this sort of activity. The calibration process is not understood by businessmen and business leadership is unaware of the principles of calibration.This article sets out in some detail, how the subject should be handled. It does not however tell you how, to calibrate individual instruments, because there are far too many of them
Islamic Economics: Problems and Prospects
Get PDFIntroduction:This note is meant as a springboard for discussion, and not as polished and referenced article. I take a radical point of view in this note. I believe that the current evolutionary approach to the creation and development of the new discipline of Islamic Economics will not prove fruitful in the long run. Briefly, I do not believe it is possible to create a viable mix of neoclassical economic theory with Islam. I then propose alternative I radical approaches which offer better prospects for establishing a viable Islamicalternative to conventional economic theory
SEMINAR ON PROSPECTS AND POTENTIAL OF BPOs IN PAKISTAN
Get PDFA seminar on the “ Prospects and Potentials of BPOs in Pakistan†was organized in March 2006 by the College of Management Sciences, PAF-KIET. The theme of the seminar was human resources management strategies within the industry. The chief guest was Noman Saigal, Advisor to CM Sindh on IT. The cosponsors for the seminar were National Bank of Pakistan and Habib Bank Limited
SYMPOSIUM: DECLINE AND FALL OF ISLAMIC ECONOMICS
Get PDFIslamic finance is booming in Europe and America but Islamic Economics is on its death bed in Pakistan perhaps an unintended consequence of the rapid secularization of academic life in this country. Prof. Dr. Asad Zaman, Director General International Institute of Islamic Economics at the International Islamic University, Islamabad analyzed this paradox and presented a revisionist strategy for the development of a new Islamic Economics paradigm. This paper was published in the April 2006 (Vol. II. No. 1) issue of Market Forces
FINANCIAL EVALUATION OF BASIC URBAN SERVICES IN SIX SINDH TALUKAS
Get PDFINTRODUCTIONMunicipal services in developing countries are not usually regarded to be of a commercial nature. This has been traditionally the approach in small towns of Sindh. Nevertheless this financial evaluation of urban services in six Sindh urban areas has been undertaken by employing the technique of financial internal rate of return which is usually applicable to commercial projects. Our aim is to ensure that basic urban service sub-projects should not be financially so weak that even their current operational and maintenance expenses are not covered from the total yield of the various user charges payable by the beneficiaries on a monthly, quarterly or annual basis
A RESPONSE TO PROF. ASAD ZAMAN ON ISLAMIC ECONOMICS: PROBLEMS AND PROSPECTS: A NOTE
Get PDFI welcome the initiative taken by Professor Asad Zaman in writing this paper. I confine myself to two main aspects of Dr. Zaman’s wide-ranging paper. First, I give my assessment of the causes of what he has characterized as failure of Islamic economics, explaining why and how we arrived where we find ourselves today. Second, I present some suggestions for rectification, for correcting the course and redressing the wrong done. I shall not try to find faults with Prof. Zaman’s list of failures and deficiencies in the current concepts and practices of Islamic economists. The reason is, I broadly agree with him though I would not put it the way he has done. There is a disease, but there are causes older and deeper than those he has mentioned, and it is certainly not going to be cured merely by his prescriptions. Much more is needed