Critical Situation of Poverty in Pakistan - 813 Words

â€Å"A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the poverty line†.(Guenon n.d.) Keeping in mind the situation of Pakistan in last couple of years, the initiative has been taken by the Government of Pakistan which commits for better access to critical public services for the poor. In addition to the poverty reduction strategies prepared by the Government major improvements were required in education, health and other basic necessities (including food and water etc.) sectors. Moreover, two major initiatives were taken by Government - Khushal Pakistan (a comprehensive poverty intervention) and Khushali Bank (a microcredit bank) - as countrywide efforts in order to address poverty. Some Facts And Figures about Poverty in Pakistan †¢ 65.5 percent population of Pakistan earns less than 2$ per day (UNDP research) which shows that most of the people living in Pakistan are having very few necessities of life. Majority of Pakistan is living a miserable life below poverty line. †¢ (SPDC (Social Policy Development Centre) Report), 88 percent of Baluchistan’s population, 21 percent of Sindh, 51 percent of NWFP and 25 percent of Punjab’s population is victim to poverty and deprivation. †¢ Pakistan is categorized among the 43 countries who are most exposed to poverty. (S. Rana 2011) According to a research by World Bank, during the 1990s, entire government revenue fell from 17 percent ofShow MoreRelatedCurrent Situation of Pakistan Economy1581 Words   |  7 PagesCurrent Situation of Pakistan Economy There are genuine fears prevailing in Pakistan that its economy is in a bad shape. Whereas some expert economists of the country comment that Pakistan’s economy is near collapse, others are of the view that although our economy is still away from the verge of immediate collapse it is so fragile that unless serious and urgent efforts are made to survive the economy, it can move to a dangerous stage within about next six to 12 months. These views of experts cannotRead MoreModernization and Dependency Theory1122 Words   |  5 PagesA country plagued by a myriad of critical issues, Pakistan’s deepening woes have dented its image in the social and economic strata. While theorists have provided several ideologies concerning its current dilemma, this paper discusses Pakistan’s predicament in the light of the principles of the development theory: modernization and dependency theories. Both the theories relate to the implications of development in Third World countries; in this case being Pakistan. 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TodayRead More Pakistans Relationship with IMF and World Bank Essay6151 Words   |  25 Pageswith IMF and World Bank My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growthRead MoreHistory Of Taliban And Their War Against Women1428 Words   |  6 PagesThe History of Taliban and their War Against Women: The Taliban emerged as a rebellious movement after the invasion of the soviet troupes in Afghanistan. Despite the Pakistan and the U.S providing the soviet troupes with adequate military and financial support, the Mujahedeen were able to inflict massive losses to the foreign troupes. During the wars between the Mujahedeen and the Soviets, about fifteen thousand soviet soldiers perished as a result of war inflicted deaths. The soviet troupes leftRead MoreOn This Assignment IM Going To Be Referring To Poverty,1763 Words   |  8 Pages On this assignment I m going to be referring to poverty, since it leads down different roads. Poverty can lead to health issues, lack housing, of income, employment, malnutrition, lack of education and many more that will be explained on this paper. If it is true that the world has progressed proportionally more in the last fifty years than in history, less is not the fact that inequality between the Nations is one of the characteristics that best define the contemporary world. This phenomenonRead MoreHuman Resource Development in Pakistan6755 Words   |  28 PagesCHALLENGES OF HUMAN RESOURCE DEVELOPMENT IN PAKISTAN Dr. Nasim Ashraf Abstract This paper explores the challenges posed in the area of human development in Pakistan. Pakistan has made little progress in key indicators of human development - education and health - due to years of neglect in policy making and implementation issues. Based on available data, it is highlighted that despite achieving a respectable growth rate, Pakistan has not been able to reduce poverty as other nations have (with similar

Choosing The Right Plastic Surgeon - 913 Words

Why should you choose Dr. Daines? Choosing the right plastic surgeon is extremely important when you are opting for a cosmetic treatment for your face and body. Our Orange County cosmetic surgery and plastic surgery specialist, Steven M. Daines is a double board certified M.D. in Newport Beach. With years of experience in advanced facial cosmetic surgery, rhinoplasty and face lift surgeries, Dr. Daines is an expert in this field today. Certainly, he can be your plastic surgeon for facial and reconstructive surgeries. His approach to plastic and reconstructive surgery is more than a surgical rejuvenation procedure. He always aims at offering each patient a personalized treatment within a welcoming environment. Today, he offers both surgical†¦show more content†¦However, many of us still feel that this facial rejuvenation approach is not a safe approach. It is important to know details about the procedure, its possible side effects and recovery time before opting for this procedure. Botox treatment is extremely safe and with minimal side effects if administered well. A treatment with Botox takes five to seven days before showing any effective results. Common side effects that many patients experience include swelling, minor pain at the injection site and slight bruising. Plastic surgeons suggest not rubbing the area for a few days in order to avoid skin problems. In a very few cases, Botox can migrate to certain unintended area and cause droopy skin. However, it is scientifically proven that too much Botox at a site can cause such a problem. Therefore, patients should reveal their past Botox treatment plans to their surgeon before opting for another injection. Another reason of droopy eyelids can be because of the injections being too close to inner skin and muscles. For the past 30 years, Botox is used widely as a safe anti-wrinkle therapy procedure. Recent stir about the safety of botulinium toxin is closely reviewed by the FDA. There are some reported cases of breathing and swallowing problems in cerebral palsy patients under a certain age. A detailed review report on this reveals that botulinium-based drugs are quite different from the botulinium based injections used for Botox. While the former is widely

Finance Managerial dividend paying incentive - Myassignmenthelp.Com

Question: Discuss abourt the Finance Managerial dividend paying incentive. Answer: Introduction: Financial management is a stream of management which makes it easy for the company to analyze, evaluate and determine the required changes for the betterment of the organization. The financial management assist the company to choose the best project and make better decision about the operations and the activities of the company. On the other hand, financial evaluation techniques also assist the stakeholder of the company to make better choices about the position of the company. Financial evaluation helps the company to manage and evaluate the better companies for the purpose of investment and it also helps them to evaluate that what is the exact performance of the company and in the industry. Financial evaluation involves various techniques such as IRR, NPV, Ratio analysis, vertical analysis, WACC, required rate of return, cost of debt etc. Company description: Pacific Energy Limited is an Australian company. This company is operating its business into Australian utility industry in which it develops, builds, manages and operates electricity generation facilities in the Australian market. On the date of 11 Sept, 2017, this company has operated and owned 21 diesel, gas, power stations and duel filled power minerals along with the total power generation capacity which is approximately about 272 MW. Headquarter of the company is Landsdale, Australia. Currently, the company is operating very well in the industry and the projects of the company are also attractive. Ownership governance structure: Further, the governance structure of the company has also been investigated and it has been found that what the main people of the company and who are chief shareholders of the company are (Brealey, Myers and Marcus, 2007). This study explains about the board of members and the people who have more than 20% stake in the stock of the company. Following is the detail about me: Substantial stakeholders: Substantial stakeholders are those person who has their stock in an entity and invests the most in the company, through the annual report of the company, it has been found that the Sept Pty Ltd Hall Family Fund A/C is the main stakeholders of the company and it has around 47.73% stock in the company. Further, it expresses that the other stakeholder of the company is Pacific Road Holdings S.A.R.L. which owns 18.34% in the companys stock. It explains that there are only one people in company who owns more than 20% stock but there are 3 people who have more than 5% shares. Main people: Further, the main people such as CEO, CFO, managing director, executive directors etc have been investigated and it has been found that the M Chiff Lawrenson is the independent non executive chairman of the company and he is handling all the financial activities of the company. Further the James D D Cullen is the CFO of the company and he is also managing director of the company. Kenneth J Hall is the executive director of the company. Though, none of them has more than 5% ownership in the stock of the company (Barman, 2008). Performance ratios: Performance ratios are the part of financial analysis which evaluates the main financial figures of the company to reach over a conclusion about the performance of the company and the changes which are required to be done by the company to enhance its operations. These ratios are conducted by the stakeholders of the company to measure the worth of the company. Mainly, ROE, ROA, total assets/ ordinary equity and debt ratios are included in performance ratios. Return on assets (ROA): Return on assets is a display which explains about the total assets and the total profit connection (Breuer, Rieger and Soypak, 2014). It explains about the performance of the company. The return on assets of the company is as follows: A. Return on assets= NPAT/ total Assets 16601/196838 8.434% It explains that the return on assets of the company is 8.43% which explain about a good position of the company. Return on equity (ROE): Further, return on equity is a display which explains about the total equity and the total profit connection. It explains about the performance of the company. The return on equity of the company is as follows: B. Return on Equity= Net profit after tax/ ordinary equity 16601/145098 11.44% It explains that the return on equity of the company is 11.44% which explain about a good position of the company. Debt ratios: Further, debt ratio is a display which explains about the total equity and the total liability and their connection (Naser, Nuseibeh and Rashed, 2013). It explains about the performance and the position of the company. The debt ratio of the company is as follows: C. Debt Ratios = Total Liabilities/ total assets 51740/196838 26.29% It explains about the relationship among the capital structure of the company. Further, the below equation has been solved to evaluate the performance of the company which is as follows: EBIT / TA * NPAT / EBIT * TA/ OE = NPAT / OE (24288/196838)*(16601/24288)*(196838/145098)= (16601/145098) 11.44% 11.44% (Morningstar, 2018) TA/OE: TA/OE plays an important role in the performance and the position of the company. Through this report, it has been evaluated that the Total assets and the ordinary equity of the company has been impacted the return on assets and return on equity lot. It explains that the more the TA/ Te would be the more the ROA/ROE would be. TA/TE = (NPAT/ Total assets)/(NPAT/TE) TA/TE =Total assets/TE ROA and ROE: Further, the ROA and ROE has been analyzed and it has been found that the ROA of an organization is always lower than the ROE of the company. Further, the study over the ROA and ROE of the company explains that the ROA of the company is 8.43% and ROE of the company is 11.44% (Shao, Kwok and Guedhami, 2013). ROE is always greater due to a lower value of equity in the company than the total assets of the company because total assets are the combination of total liabilities and total equity of the company. Changes in stock price: Further, the stock prices of the company and the AORD have been compared with each other to evaluate the correlation among the prices. It explains that the stock prices of PEA are quite constant but the stock prices of AORD are quite fluctuating in nature. It explains that the correlation among both the stocks is high. The correlation of both the stock prices is 0.79 which explains that the stock prices of both the stocks impact over each other. Following graph explains about the relationship and correlation: Evalaution: The evalaution study over the PEA stock and AORD stock epxlains that the stock prices of AORD has more fluctation than the stock of PEA. It epxlains that the PEA dooes not iampct much over the stock prices of AORD. Further, it epxlains that the correlation among both the stocks is high (Zhang, 2012). The correlation of both the stock prices is 0.79 which explains that the stock prices of both the stocks impact over each other. Significant factors: Further, the study has been done over those factors which have impacted over the stock of the company. It would assist the company to evaluate that why the stock prices have been up in a while and down in other. This takes place due to various internal and external factors. Some of them are as follows: Significant management changes: In the month of march, 2016 the stock prices of the company has been 0.35 from 0.49 all of sudden and this has happened due to the changes in the management. Competitors impact: Further, the stock price of the company has been lowered so many times due to a bad position in the competitive market (Tucker, 2011). Analyst forecast: At the time of Oct, 2017, stock price of the company has been enhanced a lot and this has taken place due to an announcement about the better position and performance of entity. Law suits: Further, various law suits and their decision have also make an impacted over the performance of the company. Industry wide factors: Lastly, it has been found that industry factors also make an impact over the stock prices of the company. Calculation of CAPM and beta values: Beta: More, beta of PEA stocks has been calculated and it has been found that the beta of the company is 0.003 which explains that the systematic risk of the company is very lower. CAPM: Further, the CAPM calculations are as follows: Calculation of cost of equity (CAPM) RF 4.00% RM 6.00% Beta 0.000297 Required rate of return 4.00% (Shao, Kwok and Guedhami, 2013) Explanation: Through the above study, it has been evaluated that the investment into this company is conservative as the risk and the return of this company are quite better, the risk of the company is just 0.003% whereas the return of the company is 44% which explains about a great position of the company and thus it is a good option for the purpose of investment. WACC calculations: WACC calculations of the company are as follows: Calculation of WACC Price Weight WACC Debt 23,901 0.17656 0.00618 Equity 1,11,472 0.82344 0.03294 1,35,373 Kd 3.91% Calculation of cost of debt Outstanding debt 23,901 interest rate 5% Tax rate 0.3 Kd 3.50% Calculation of cost of equity (CAPM) RF 4.00% RM 6.00% Beta 0.03% Required rate of return 4.00% Evaluation: The above calculations and the WACC measurement explains that the cost of debt of the company is 3.5% whereas the cost of equity of the company is 4% which explains that the total cost of capital of the company is 3.91%. This is due to high weight of equity of the company. It is suggested to the comapny to make an optimal capital structure and for that, it is requisite for the company to enhance the level of the debt. Debt ratios: Optimal capital structure: The capital structure of the company explains that the earlier, the debt ratio of the company was 29.62% but in current year, the level has been lowered and the capital structure of the company is 26.29% which must be enhanced by the company. The current capital structure of the company is not stable (Travlos, Trigeorgis and Vafeas, 2015). Following table explain about the debt ratio of the company: 2017 2016 A. Debt Ratios = Total Liabilities/ total assets Total Liabilities/ total assets 51740/196838 57597/194434 26.29% 29.62% Gearing ratios: Further, the gearing ratio of the company has been evaluated and it has been found that the gearing ratio of the company was 31.56% in 2016 and 28.17% in 2017. The gearing ratio has been changed and this has taken place due to high borrowings and less liabilities of the company. The directors have presented that they are working on optimal cash flows. 2017 2016 B. Gearing ratios = Total Liabilities/ Capital employed Total Liabilities/ Capital employed 51740/(196838-13154) 57597/(194434-11959) 28.17% 31.56% Dividend policy: Lastly, the dividend policy of the company has been evaluated and it has been found that the company follows the policy of relevant dividend policy which express that the dividends must be given by the entity to its stakeholders so that the investors could be attracted and the investment of the company could be enhanced (Baker and Weigand, 2015). The company has enhanced the dividend amount from $ 9187000 to $ 9246000 in 2017. It explains that the position and the performance of the company are way better (Naser, Nuseibeh and Rashed, 2013). Recommendation and Conclusion: Thus, through the above analysis and the calculations, it has been found that the position and the performance of the company is way better and it is a good option for the investors to invest into this comapny as teh associated risk is quite lower than the actual return of teh company. Further, it has been found that a good amount of dividend is offered by the company to its investors thus, the investors could invest into this company. References: Baker, H.K. and Weigand, R., 2015. Corporate dividend policy revisited.Managerial Finance,41(2), pp.126-144. Barman, G.P., 2008. An evaluation of how dividend policies impact on the share value of selected companies. Brealey, R., Myers, S.C. and Marcus, A.J., 2007.FundamentalsofCorporate Finance. Mc Graw Hill, New York. Breuer, W., Rieger, M.O. and Soypak, K.C., 2014. The behavioral foundations of corporate dividend policy a cross-country analysis.Journal of Banking Finance,42, pp.247-265. Naser, K., Nuseibeh, R. and Rashed, W., 2013. Managers' perception of dividend policy: Evidence from companies listed on Abu Dhabi Securities Exchange.Issues in Business Management and Economics,1(1), pp.001-012. Shao, L., Kwok, C.C. and Guedhami, O., 2013. DIVIDEND POLICY: BALANCING SHAREHOLDERS'AND CREDITORS'INTERESTS.Journal of Financial Research,36(1), pp.43-66. Travlos, N.G., Trigeorgis, L. and Vafeas, N., 2015. Shareholder wealth effects of dividend policy changes in an emerging stock market: The case of Cyprus. Tucker, J.W., 2011. Selection bias and econometric remedies in accounting and finance research. Zhang, D., 2012. Managerial dividend-paying incentives. Erasmus University Rotterdam. Annual report. 2017. Pacific Energy Limited. viewed Jan 22, 2018, https://www.pacificenergy.com.au/images/files/asx-announcements/2016/2PEAR2016Final.pdf Yahoo Finance. 2017. Pacific Energy Limited. viewed Jan 22, 2018, https://au.finance.yahoo.com/quote/PEA.AX/history?period1=1451586600period2=1514745000interval=1dfilter=historyfrequency=1d Morningstar. 2017. Pacific Energy Limited. viewed Jan 22, 2018, https://financials.morningstar.com/cash-flow/cf.html?t=PEAregion=ausculture=en-US

Pablo Neruda Research Paper Essay Example

Pablo Neruda Research Paper Essay Pablo Neruda (born Neftali Ricardo Peyes Basualto; 1904-1973) was a Chilean poet, diplomat, and politician, Senator of the Republic of Chile, member of the Central Committee of the Communist Party of Chile. Winner of the International Stalin Prize â€Å"for peace between peoples† (1953) and the Nobel Prize for Literature (1971). To write a good research paper on the topic, you must know that Pablo Neruda was born July 12, 1904 in the town of Parral in central Chile in the family of a railroad employee. Gifted boy began writing poetry when he was ten-years-old. In 1920, the young poet published his poems in Selva Austral journal, taking pseudonym Pablo Neruda on behalf of the Czech writer Jan Neruda, to avoid conflict with his father, who did not approve of his studies in literature. Subsequently, the nickname became his official name. A year later, the young poet entered the Pedagogical Institute in Santiago. For his poem Holiday Song, published in Juventud, he won first prize in a competition organized by the Federation of Chilean students. In 1923, on his own savings Neruda published his first book of poems titled Twilight. The compilation was successful, allowing the young poet to release the next year lyrical book Twenty Love Poems and a Song of Despair. It was this book that brought Pablo great fame in Latin America. We will write a custom essay sample on Pablo Neruda Research Paper specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Pablo Neruda Research Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Pablo Neruda Research Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In 1934-1937, Heruda was working as a diplomat in Spain. Inspired by the anti-fascist struggle of the Spanish people, in 1937 he published a book of poems Spain in the heart. In 1941-1944, Pablo Neruda was a Chilean consul in Mexico. It was there that he wrote two Love Song of Stalingrad. In 1945, Neruda was elected to the Senate of the Republic of Chile. Soon he joined the Communist Party of Chile and was awarded the National Prize for Literature. Due to the disagreements with Chilean President Gonzalez Videla, Neruda was stripped of his parliamentary mandate and accused of treason. So he had to flee to Paris. While in exile, in 1948, he concludes his Universal Song – an epic about the fate of Latin America. In 1949-1952, Heruda traveled in Europe and Asia participated in the peace movement, repeatedly visited the USSR. His work was evolving in the direction of the lyrics and kind of grotesque, as his book Estravagario (1958). He was awarded the International Peace Prize (1950), the International Lenin Prize â€Å"for peace between peoples† (1953), Nobel Prize for Literature (1971).In 1969, Neruda was nominated by the Communist Party of Chile for the presidency, but withdrew his candidacy in favor of socialist Salvador Allende. After Allende’s victory in the elections in 1970, Neruda was appointed ambassador to France. In 1972, Neruda returned to Chile. September 11, 1973 Gen. Augusto Pinochet came to power in Chile in a military coup. Salvador Allende was killed, many supporters of the Popular Unity were killed or arrested. Neruda’s house in Santiago was subjected to looting. Neruda died in the hospital of Santa Maria in Santiago September 23, 1973 (according to another version – killed). His funeral, held at gunpoint, was the first demonstration against the Pinochet regime. In the 1973-1974 in Buenos Aires posthumous publication of eight books of poetry of Neruda was published, as well as a book of his memoirs, I confess: I have lived. Use free example research papers on Pablo Neruda to find more data on the topic. At EssayLib.com writing service you can get a high-quality custom research paper on Pablo Neruda topics. Your research paper will be written from scratch. We hire top-rated Ph.D. and Master’s writers only to provide students with professional research paper assistance at affordable rates. Each customer will get a non-plagiarized paper with timely delivery. Just visit our website and fill in the order form with all paper details: Enjoy professional research paper writing service!