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Posts sent on: 2013-07-21

Jul212013

Peshawar?s top colleges: Self-finance admissions galore








Housing Finance Jumps to 6-Week High on Outlook: Nairobi Mover






The students of self-finance annually pay Rs40, 000 fee. Similarly, there are 375 seats for open merit in Part-I of pre-medical and pre-engineering group of Islamia College for Boys and Islamia College for Girls, while on self-finance basis, the number of seats offered for these courses total 715, according to the prospectus of the college. The normal fee in ICP is around Rs22,000, while the fee for self-finance admission is Rs55,000. When asked why the college is offering more admissions on self-finance basis than on open merit, spokesman for ICP Dr Naseeb Dar told Dawn that the countryas all public sector universities had been facing financial problems and self-finance scheme for admissions helped them generate money for functioning. He said the government had increased salary of employees during the last three to four years but the Higher Education Commission had not provided additional funds to universities for increase of the staffas salary.









Is there morality in personal finance?






Benjamin Franklin listed frugality as a virtue, after all. Shutterstock Enlarge photo Summary A lot of financial lessons are life lessons, too. Taking responsibility is the key lesson, and its a virtuous one that can definitely be applied to other aspects of life. More Coverage Part of being frugal, at least the moral part of it, is not taking more than what you need not just because you can't afford it, but because you want to leave more for everyone else. Kirstin Wong Editor's note: This article by Kristin Wong originally appeared on the personal finance blog, Get Rich Slowly .










The shares advanced 3.9 percent to 27 shillings by 12:40 p.m. in Nairobi, the most on a closing basis since April 2. More than six times the three-month daily average of shares were traded. Housing Finance, which said in February it will build 500 homes this year, reported a 59 percent increase in first-half net income to 397 million shillings ($4.6 million) in a statement yesterday.







G20 finance ministers aim for more growth






The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger Russian Finance Minister Anton Siluanov speaks on a phone as he attends a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger From left, Central Bank Governor Jens Weidmann and German Finance Minister Wolfgang Schauble attend a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world's leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas.




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Jul212013

Peshawar?s top colleges: Self-finance admissions galore








Is there morality in personal finance?






The students of self-finance annually pay Rs40, 000 fee. Similarly, there are 375 seats for open merit in Part-I of pre-medical and pre-engineering group of Islamia College for Boys and Islamia College for Girls, while on self-finance basis, the number of seats offered for these courses total 715, according to the prospectus of the college. The normal fee in ICP is around Rs22,000, while the fee for self-finance admission is Rs55,000. When asked why the college is offering more admissions on self-finance basis than on open merit, spokesman for ICP Dr Naseeb Dar told Dawn that the countryas all public sector universities had been facing financial problems and self-finance scheme for admissions helped them generate money for functioning. He said the government had increased salary of employees during the last three to four years but the Higher Education Commission had not provided additional funds to universities for increase of the staffas salary.










The Scorecard for the broader S&P 500 as of this morning shows Q2 results from 103 S&P 500 companies or 20.6% of the indexs total membership that combined account for 31.8% of its total market capitalization. Total earnings for these 103 companies are up +8.1%, with 61.2% beating earnings expectations. On the revenue side, we have a growth rate of +4.6% and 44.7% are coming ahead of top-line expectations. The earnings and revenue growth rates seen thus far are broadly in-line with what we have seen from the same group of 103 companies in recent quarters. The Finance sector is helping hide a lot of weakness in the aggregate earnings picture. Strip out the strong growth reported by the Finance sector and total earnings growth for the remaining S&P 500 companies turn negative down -2.9%.







Very Weak Q2 Earnings Outside Finance






I am optimistic that we can agree on mutual standards. The action plan gives us clear and ambitious goals on the timing." FED EXIT Finance ministers and central bankers meet at a sensitive time with the U.S. Federal Reserve intent on slowing, then exiting a bond-buying program that created $85 billion a month, news that has sent ripples through emerging nations. "The Fed announcement led to a broad echo especially in emerging nations.









German finance minister says multinationals must pay fair taxes






The virtue in how we spend A while back, I wrote a story about poverty and learning financial independence. I want to spend money on my future kids, but I dont want them to be spoiled. I considered how Id do this, and someone left a really thoughtful comment: Spend money on your children if you have it, sure. But do it in a way that actually enriches their lives and helps them understand the world. In this way, the money would be spent in a virtuous way. Teaching my children that money can be used for meaningful things is, to me, further evidence that frugality is a moral concept.




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