Pakistan Idol Audition
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... is limited to the extent of their capital contributed in the firm. They are only found in limited partnership. The special partners cannot take part in the management of the business of the firm. In Pakistan limited partnership is not recognized. (3) Other Partners The other types of partners sometimes found in a firm are as follows. (a) Secret Partner A partner who takes active part in the affai.... More >>
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Quantity theory of money by irving fisher
...of its circulation (V) i.e., the number of times the money changes hands. Thus MV refers to the total volume of money in circulation during a period of time. For example, if the total money supply in Pakistan Rs. 5,000 billion and its velocity per unit of time is 10 times, then the total money supply would be Rs. 5,000 x 10 = Rs.50000 billion.(b) Demand for Money: People demand money not for its o.... More >>
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...ount of capital which is mentioned in the capital clause of the memorandum of association of the company. Capital is further divided into (i) paid up capital and (ii) subscribed capital. The banks in Pakistan raise authorized capital by issuing ordinary shares of Rs. 10 each which are fully paid up.2. Reserve fund. Reserve is another source of fund which is maintained by all commercial banks. At t.... More >>
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Partnership distinguished from co ownership
...and as such is not able to become a regular partner of a firm. A minor can be the co owner of a property. 9. Regulations Partnership business is regulated by the Partnership Act of 1932 as adopted in Pakistan.There is no separate law to regulate co-ownership. 10. Dissolution Partnership can be dissolved on the insolvency, death, misconduct etc of a partner. A co-ownership can not be dissolved on a.... More >>
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Functions of state bank of pakistan
...The functions of State Bank of Pakistan are governed by the State Bank of Pakistan Act, 1956. In order to discharge its duties efficiently and successfully some of the functions which involved public dealing have been transferred to State Bank of Pakistan Banking Services Corporation from Jan., 2, 2002. The State Bank of Pakistan will continue performing its four basic functions (i) Framing and op.... More >>
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...ound government securities, trade bills etc. This system remained prevalent in USA, Great Britain and over a large part of the world. The proportional reserve system was also adopted by State Bank of Pakistan (SBP) and it remained enforced till December 1965. This system was abandoned in 1965 as it was rigid and lacked elasticity. The State Bank of Pakistan could not give guarantee for full conver.... More >>
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...nternationally acceptable means of payments, International Monetary Fund, Special Drawing Rights (SDR’s) Scheme etc. (IMF) have been established.Linking rupees with a basket of currenciesAt present Pakistani rupee is linked with a small group of chosen currencies known as basket of currencies. The currencies selected inclusions in the basket are the currencies of those countries which are our ma.... More >>
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Stages in development of money
...ship of deposits in financial institutions They are normally acceptable as a medium of exchange.5. Electronic Banking StageIn all the developed and in many developing countries of the world including Pakistan the commercial banks have entered into an era of electronic banking The customers of banks having deposits in their accounts can make purchases pay bills transfer money simply by electronic s.... More >>
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...One of the most important factors influencing poverty in the country is inflation. Inflation is defined as a situation where the general price level is persistently moving upward in a country. In Pakistan, the general price level is persistently rising since Partition of the Subcontinent. Prices remained volatile during the decade of 1990’s ranging from 5.7% to 13% mainly because of declining ec.... More >>
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Role of commercial banks in the economic development of pakistan
...anks play an important role in the economic development of a country. It the banking system is unorganized and inefficient, it creates maladjustments and impediments in the process of development. In Pakistan, the banking system is very well organized. The State Bank of Pakistan established on July 1, 1948 stands at the apex and is responsible for the operation of the banking system in Pakistan. T.... More >>
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...'Pakistan Idol’ program aims at hunting music talentKARACHI: ‘Pakistan Idol’ program for the music-lover youths kicked off here from the Geo platform, aims at hunting out the talented youths from all across the world and help them achieve their right place in the society. This was announced here in a Pakistan Idol inaugural function marked by a colorful musical night studded with the renowne.... More >>
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...ssential for such companies to use the word limited' at the end of their names so that the people know that the liability of its members is limited. Most of the industrial and commercial companies in Pakistan are registered as companies limited by shares. Functional division of companies. A company registered under the Companies Ordinance, 1984 may be a private company or a public company. (a) .... More >>
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...s of Banks on the basis of sphere of activities:The commercial banks are classified into various types on the basis of their spheres of activities, ownership, domicile etc. The main types of banks in Pakistan are as under:-(A) Classification on the basis of functions(1) Every civilized country now has its own central bank. The primary function of the central bank is to regulate the flow of money a.... More >>
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...rial limits to which the Income Tax Ordinance applies.2. The components of Income Tax Law in our country.1. Extent of Income Tax Ordinance. 2001The Income Tax Ordinance, 2001, applies to the whole of Pakistan. The definition of word “Pakistan” has been provided in Article 1(2) of the Constitution of Pakistan 1973. The following territories have been included therein: -(a) Provinces of Balochis.... More >>
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... large amounts of resources for productive purposes in place of joint stock companies. A Modaraba is a legal person. It can sue and be sued in its name through the modaraba company. The government of Pakistan promulgated the Modaraba Companies and Modaraba (Floatation and Control) Ordinance in 1980. The main features of this are as underRegistration of Modaraba Companies1. A company is registered .... More >>
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Read online latest news in punjabi by jagbani newspaper
...guages with official status in India. It is the first official language of Punjab (India) and Union Territory State Chandigarh and the 2nd official language of Haryana, Himachal Pradesh and Delhi. In Pakistan, Punjabi is the most spoken language and is the provincial language of Punjab (Pakistan) the second largest and the most populous province of Pakistan. Newspapers are considered an important.... More >>
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...Khuda Kay Liye is a Pakistani Urdu-language movie directed by Shoaib Mansoor. Iman Ali makes her cinema debut with this film, and enacts the character of a Pakistani-Briton. Shaan's wife is played by Austin Sayre whilst the young music prodigy Ahmed Jahanzeb along with Shuja Haider (composer of anti-terrorism song Yeh Hum Naheen) produced the soundtrack of the film. PlotThe movie revolves around a.... More >>
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Functions of foreign exchange market
.... The forward foreign exchange is to eliminate the risks of future fluctuations in the foreign exchange rates. By locking in an exchange rate, the customer covers the transaction risk. For example, a Pakistani businessman purchases an American machinery by a payment due in a 90 days for Rs. $ 100 at the rate of exchange of one dollar = Rs. sixty of Pakistan. If there is depreciation or appreciatio.... More >>
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Role of central bank in underdeveloped money market
... institutions. The central bank, in developing country, provides assistance to specialized financial institutions for enabling, them to extend adequate finance to different sectors of the economy. In Pakistan, the State Bank of Pakistan gives loans to Agriculture Development Bank of Pakistan for financing seasonal agricultural operation and for development of agriculture. The House Building Financ.... More >>
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...ture holders. The amount raised through debentures s generally used for financing fixed investment specially for balancing, modernization and expansion of the industrial units. Debenture financing in Pakistan has been replaced by issuance of a new corporate security called Participation Term Certificate (PTC). The merits of debentures are that they are generally low cost. The debenture holders do .... More >>
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