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نامی کوئی بغیر مشقت نہیں ہوا

نامی کوئی بغیر مشقت نہیں ہوا
شہرت ، ناموری ، سروری یہ ایسے حروف ہیں جس کا ہرشخص خواہاں رہتا ہے۔ جیسے ہی شباب کی کلیاں چٹخناشروع ہو جاتی ہیں ناموری کی آرزو انگڑائیاں لیناشروع کر دیتی ہے۔ اور پھر بتدریج اس میں اضافہ ہوتا جاتا ہے۔ لیکن نامور بننے اور شہرت وعروج کے منصب پر فائز ہونے کے لیے سخت محنت اور مشقت کی ضرورت ہوتی ہے۔ اس کے لیے راتوں کو دن بنانا ہوتا ہے، وقت کی قربانی دینی پڑتی ہے، جہد مسلسل کا عادی بننا ہوتا ہے۔ حصول عظمت کی خاطر سخت جدوجہد انتہائی ناگزیر ہے۔
دنیا و مافیھا میں ہر ذوی العقول خواہ وہ گورا ہو، پست قد ہو، طویل القامت ہو، دبلا پتلا ہو یالحیم شحیم ہو، یہودی ہو، نصرانی ہو یا آتش پرست ہو، الغرض جس مسلک یا مشرب سے منسلک ہو اس بات کا وہ ضرور معترف کہ اگر کوئی عظمت، آن بان اور تفوق کے سہرے سے اپنے آپ کو سجانا چاہتا ہے تو وہ صرف اور صرف محنت اور مشقّت سے ہی ایسا کر سکتا ہے۔
فرمانِ باری تعالیٰ ہے’’ انسان کے لیے وہی کچھ ہے جس کے لیے وہ کوشش کرتا ہے اور محنت کرتا ہے‘‘
بنی نوع انسان کی تاریخ کے اوراق کا اگر مطالعہ کریں اور بسلسلہ مشاہدہ چشم بینا وا کر یں تو یہ بات اظہر من الشمس ہے کہ جن سلف صالحین اور نابغۂ روزگار ہستیوں نے نام پیدا کیا وہ شب و روز محنت اور مشقت کی چکی میں پستی رہیں۔ علامہ اقبالؒ ، غزالی ، رازی نفیسی جیسے زعماء جو آسمان علم و دانش پر آفتاب و ماہتاب بن کر چمکے۔ یہ سب ان کی محنت لگن، کاوش اور انتھک جدوجہد کا نتیجہ تھا۔ محنت شاقہ اور جذبہ صادق ہوتو کہساروں سے بھی جوئے شیر نکالی جاسکتی ہے۔
نامی کوئی...

Assessment of Interfaith Harmony Between Muslims and Hindus in Socio-Cultural Activities in Swat

This research work investigated the interfaith harmony and social cohesion between two different religious followers of Hinduism and Islam in District Swat of Pakistan. The current world is facing various kinds of issues and challenges regarding interfaith harmony, peace and social cohesion. This is need of the time to establish a peaceful and harmonised day to day life standard for all the segments of society. This research was an effort to analyse the willingness among the Hindus and Muslims for enhancing their tolerance towards each other’s social and cultural activities. It also aimed to highlight the positive approach of the respondents towards the participation in the socio-cultural activities of each other. The results of association of social cohesion showed nonsignificant relationship with an opinion that Hindu and Muslim communities should take part in socio-cultural activities particularly the sports. Similarly, non-significant relationship was found based respondents’ data with an opinion that relations between Hindus and Muslims shall enhanced through participation in cultural and religious ceremonies. The result further concluded that there was peaceful and harmonised environment between Hindus and Muslims being living in the target area. The minorities were fully enjoying freedom and equality in District Swat. Based on the findings of the study, positive social interaction, mutual respect, positivity in thinking and positive role of local media have been recommended as policy guidelines for promoting inter-faith harmony.

Economic Forces and Stock Market Returns: A Cross Sectoral Study Testing Multifactor Model

Stock market performance is generally considered to be the reflector of financial and economic conditions of a country. There are number of macroeconomic and industry related factors that potentially can affect the stock returns of the companies. The primary purpose of this study is to examine the stock returns variation to specific macroeconomic and industry variables by applying multi-factor model. The model consists of macroeconomic and industry variables including market return, consumer price index, risk free rate of return, exchange rate, money supply and industrial production. The study attempts to determine which, if any, of the macroeconomic and industry variables are of use in explaining the variability of stock returns of Pakistani Industries. The firms relating to 09 different sectors are selected for this study on the basis of data availability, profitability and performance on the Karachi Stock Exchange 100 index. These sectors are Banking, Cement, Fertilizer, Automobile, Ghee, Pharmaceutical, Petroleum, Tobacco and Textile. The stock prices data for the selected firms and economic variables obtained for the maximum period of 10 years. Descriptive statistics performed for the temporal properties of the data and Augmented Dickey Fuller (ADF) test applied to find out the data stationarity. GARCH model used to analyze the risk and returns relationship. The tests applied on the stock returns of each firm of the industry and on the data set of the entire industry as well to generalize the results. An attempt was therefore made to ascertain whether a multi index model was better than a single index model in explaining the variation in stock returns of Pakistani Industries. The results reveal that market return is mainly responsible for the stock returns variation, however the inclusion of other macroeconomic and industry related variables has added additional explanatory power in - xii` describing the stock returns variation. It is evident from results that stock returns volatility depicts time varying characteristics across the industries and there is some statistical relationship between risk and return. It is found that industry stock returns are more responsive to changes in economic conditions than firm level stock returns. Results also indicate that stock returns of different industries behave differently in similar economic conditions that acquaint investors about the risk diversification opportunity in the stock market. The contribution of economic variables towards stock returns can help researchers/practitioners/investors to understand the risk return relationship and pricing of economic risk and for the legislators to undertake certain measures for the improvement of economic conditions and hence stability and growth of the stock market and economy.
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