services to the customer. Fund based services of NBFCs include: leasing‚ hire-purchase and other asset based services whereas fee based services of NBFCs include bill discounting‚ portfolio management and other advisory services. LEASE FINANCING Leasing as financial service is a contractual agreement where the owner (lessor) of equipment transfers the right to use the equipment to the user (lessee) for an‚ agreed period of time in return for a rental. At the end of the lease period the
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PRESENTATION ON Pakistan’s Economy: Challenges and Prospects By Dr. Ashfaque H. Khan Principal & Dean NUST Business School B siness National University of Sciences & Technology‚ Islamabad. At: The I i Th Institute of Chartered Accountants of Pakistan (ICAP) f Ch dA f P ki and CFO Conference 2012‚ Karachi‚ Marriott Hotel‚ March 28‚ 2012 0 Outline of the Presentation E Economic C diti i Conditions i 1947 in Ups and Downs In Pakistan’s Economy Recent Challenges Where are we today
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expansionary countercyclical fiscal policy aimed at stimulating economic activity and sustaining growth to ride out the effects of the global recession. The countercyclical policy led to “twin deficits” in the government’s fiscal position and the balance of payments. When confronted with this twin deficit problem‚ the government implemented comprehensive structural programmers to reduce spending and reordered national objectives consistent with domestic resource availability and to ensure prudence
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China’s budgetary system Year III Finance and Banking Balea Calin Dobrovolschi Natalia 2012 Content Introduction………………………………………………………………..pg 3 Traditional Budget Accounting…………………………………...……… pg 3 1.Taxonomy of Chinese Accounting……..…………….......................... pg 3 1.1 The Domain of Budget Accounting……….…………...………... .pg 3 1.2 Chinese units……………………………………………………... pg 4 2. Public Financial Management Process……………………..……….. pg 4 Conventional Budget
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Ronald Romero American Government Elizabeth McNamara 11/15/12 Campaign Financing: 2008 Election; Barack Obama vs. John McCain Campaign finance refers to all of the money raised and spent to promote a candidate or party for an upcoming political election. This money is a necessity for a candidate to have en edge in any election because the more funds they have the more they can do with it. What they can do with the money raised is another question. There are rules and regulations the candidates
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crores‚ as against Rs. 13.14 lakh crores in Q1 of 2012-13‚ showing a growth rate of 4.4 per cent over the corresponding quarter of previous year. The economic activities which registered significant growth in Q1 of 2013-14 over Q1 of 2012-13 are ‘financing‚ insurance‚ real estate and business services’ at 8.9 per cent and ‘community‚ social and personal services’ at 9.4 per cent. The estimated growth rates in other economic activities are: 3.9 per cent in ‘trade‚ hotels‚ transport and communication’
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several outbursts of near- hyperinflation. The first radical effort to tackle inflation was the IMF-supported stabilization program of 1995. It focused on tight monetary control and nominal exchange rate targets; subsequently‚ direct central bank financing of the budget was discontinued and the exchange rate was placed under control. In the years that followed‚ Russia made marked progress towards price and exchange rate stability and this prompted positive expectations in the West and a widespread
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investment‚ production in the country and people’s paying capacity. Also financing the programs thru creation of new money beyond a certain level becomes inflationary. Hence‚ resorting to public borrowing as a method of resource mobilization has become an increasing phenomenon in recent times. Public borrowing helps in discouraging unproductive expenditure and diverts the savings of the people for capital formation‚ financing new developmental projects etc. In this
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The ever rising public debt has been exercising a serious pressure on the micro-economic stability of the country which can’t be described in a word. To find out the disadvantages of public debt one need not to give a cat’s eye view on public debt of the country. Rather we can easily find out the disadvantages of public debt if we look to the present socio economic & political condition of our country. Public debt put an upward pressure on real interest rate crowding private investment out. High
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ECONOMIC GROWTH Government debt is also known as public debt. It is the debt owed by a federal government to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory‚ the level of government expenditure must be positive with the economic growth. The higher the expenditure‚ the higher will be the economic
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