Market Forces (Journal of Management, Business and Economics, College of Management Science, PAF-KIET)
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COMPARISON OF DIMINISHING MUSHARAKA AND CONVENTIONAL HOUSE FINANCING CONTRACTS
Get PDFMethodology:This paper compares diminishing musharaka and conventional house financing contracts as formulated by banks in Karachi in mid 2006. The following aspects of the diminishing musharaka and conventional house financing contracts have been compared.1- Commencement of agreement2- Termination of contract3- Risk of loss4- Ownership provision5- Sale transfer6- Expense consequent to ownershi
Liberalism: Dialectic and/or Rhetoric: Its impact on transforming Islamic Society
Get PDF“Liberalism†and “Neo Liberalism†are used as almost synonymous terms in contemporary political and philosophical discourse. Liberalism is a legacy of Enlightenment in which both individual and collective freedom became the ultimate goal of human endeavor. Enlightenment thinkers such as Rousseau and Voltaire envisaged a world in which rationality will transform Western society into a liberal society
DERIVATIONS OF INITIAL DATA WAREHOUSE STRUCTURE BY MAPPING OPERATIONAL DATABASE ON TRANSACTION PATTERNS
Get PDFData warehouses improve the quality of integrated information in the organization for decision-making. The data for the data warehouse comes from online transaction systems. Typically, an involved process of analysis precedes the actual design phase of a data warehouse (1999). The analysis process becomes more difficult because of the costs involved in hiring experienced staff and the privacy issues arising from the use of external consultants (2000). Peter Coad’s transaction pattern (2000) is a higher-level description of a generic business process (or a template) that has helped in the analysis and design of a wide range of business domains. The thesis of this paper is that the mapping of the operational databases on the transaction pattern facilitates the derivation of initial data warehouse structure. During the mapping process, the relationships, roles and attributes of the players defined by the transaction pattern help us in identifying the instances of the pattern in the database. Through these instances, we can then derive the initial data warehouse structure i.e. the attributes of the fact and dimension table(s). The data warehouse structure thus derived reduces the need for an extensive information analysis of the needs of the user and the dependency on the experienced personnel for data warehouse development. This paper proposes a three-step derivation methodology that is illustrated using a case study of an organization’s operational database
SEMINAR ON MARKETING OF ISLAMIC FINANCIAL PRODUCTS
Get PDFPAF-KIET organized this seminar on June 2005. Mr. Javed Jabbar former Senator, Federal Minister, eminent marketer and an intellectual inaugurated the Seminar.Over a hundred businessmen, marketing specialists, industrialists and students attended it. Marketing of Islamic financial products is a relatively neglected area of research and this seminar was a pioneering attempt to focus attention on this issue
TWENTIETH ANNUAL MEETING OF THE PAKISTAN SOCIETY OF DEVELOPMENT ECONOMISTS :ISLAMABAD JANUARY 2005
Get PDFThe Pakistan Institute of Development Economics (PIDE) has been organizing these conferences since the mid 1980s with the financial support of foreign donor agencies. This year’s hosts included Fredrich Ebart Stiftung the World Bank, the Asian Development Bank and the United Nations Population FundThese conferences are the single most important forum for the presentation of economic research in and about Pakistan. Since much of this research is foreign funded foreign experts and expatriates dominate these conferences. In the 2005 conference five of the six memorial and distinguished lectures were presented by expatriates and foreign expert
RISK MANAGEMENT FOR BANKS
Get PDFVolatility of global markets, technological advancements, innovative new financial products and changing regulatory environments have made risk management a critical task for financial institutions today as they simultaneously mitigate and create risks.It has, therefore, become increasingly important to identify, measure, monitor and manage a financial institutions’ exposure to product-market and capital-market risks. In capital-market a firm transacts with owners and lenders and is exposed to interest rate, liquidity, currency, settlement and basis risks. In the product market it transacts with clients and suppliers. This may result in credit, strategic, regulatory, operating, commodity, human resources, legal and product risks
BRAND EQUITY OF FOOD RESTAURANTS IN KARACHI
Get PDFThe objective of this study was to measure consumers’ perception on the brand equity of the fast food chains operating in Karachi. The selected fast food chains for the purpose of this research were KFC, McDonalds, Subway and Mr. Burger. A closed ended questionnaire based on a liker rating scale was developed. The questionnaire was based on literature survey, and the theoretical framework. The field survey was carried out in October 2004. The final sample size was of 83 respondents. The brand equity of KFC with the mean of 3.95 was highest and the brand equity of Mr. Burger with a mean of 3.13 was lowest. The respondents’ opinions varied normally with standard deviation of 0.69 to 1.02. The developed hypotheses were tested through one way and two- way ANOVA. Subway and Mr. Burger have adopted a niche-focused strategy and it was found that they both are doing well in their respective areas. KFC was found to be the leading brand. McDonalds has to improve a lot in terms of brand image and positioning. It is one of the most marketed and advertised fast food brands in the country and it has not been successful as shown by its relatively low brand equity score
AVIONICS AND RADAR PRODUCTS
Get PDFKamra Avionics and Radar Factory is engaged in the rebuilding of Mobile Pulse Doppler Radar (MPDR) System and Control and Reporting Centers (CRC) both of Siemens origin and power generators of various capacities. The rebuild involves work on the mechanical, hydraulic, electrical and electronic elements of the systems. In recent years the Factory has embarked on the production of airborne avionics systems in collaboration with foreign manufactures
Employer-Employee Relationship in Pakistan
Get PDFIndustrial LawsThe traditional relationship between the employee and the employer is that of ‘Master and Servant’, which is governed by terms of the contract between the two parties. Unfortunately, the terms of employment contract are usually not expressed explicitly in Pakistan. Lack of explicit terms of contract will likely lead to disputes and subsequent unrest. The government adopts measures to avoid exploitation of the weaker party – the workers. The relationship between the employers and the employees are governed by two legislation acts:1. The Industrial & Commercial Employment (Standing Order) Ordinance (VI of 1968) for regulating the relationship at to Provincial level;2. The Industrial Relations Ordinance (XCI of 2002) that is applicable through at the country. Of the two Industrial Relations Ordinance is of prime interest because of its wider scope
COMPENSATION POLICIES OF A FOREIGN BANK IN PAKISTAN
Get PDFThis paper evaluates the compensation policy package of a major foreign bank in Pakistan on the basis of the findings of “ Best Practices†research in the human resource management area.All major organizations, like the bank under study, spend a considerable time while formulating these policies. It is useful to compare these with the Best Compensation Practices recommended by leading HR professionals