تحریم خمر - طب جدید كے تناظر میں

It has been held since ages that wine is a panacea for mankind in the realm of medicine. Moreover, it is touted with emphasis that it is a great source of mental and physical solace and satisfaction and for this very reason masses in the days of ignorance, in general, would have it with relish for solace and satisfaction. Even in the contemporary advanced times, it is believed in general, that wine is the source of various medical benefits coupled with the belief that wine releases tension and stress. Under the same impression, wine is drunk, with relish in Europe and America down to this day. Modern medical science has proved all these nations as categorically wrong and baseless and has set forth that all these notions about wine are based on assumptions and abstractions with nothing concrete and solid. In the assay under consideration, the harmful and baneful influence and effects of wine have been brought under the lime light and proved, in the light of the experiments of the medical scientists, that no medical benefits, whatsoever, be derived from drinking wine rather it has detrimental impacts and that it creates mental unrest instability rather than providing the drinker with solace, ease and satisfaction

Impact of Financial and Macroeconomic Measures on Economic Development

SAARC countries are, in general, under developing economies having less remarkable growth rate. This study focuses on to find out the impact of financial and fiscal variables on economic development of 5 SAARC countries, namely; Pakistan, India, Nepal, Sri Lanka and Bangladesh. Remaining 3 countries of the region are omitted due to the absence of stock markets in these countries, stock markets being an important part of the study. Data on Financial and macroeconomic measures have been collected for the period of 20 years from 1994 to 2013. Financial measures include Money and quasi money (M2), Trend in Foreign Exchange reserves (TFER), Private Sector Credit by financial institutions (PSC) and Value of Stock Traded (VST) and macroeconomic measures include Trade balance (TB), Consumer price Inflation rate (IR), Exchange rate (ER), Foreign Direct Investment (FDI) and Gross fixed capital formation (GFC) as independent variables and Growth in Per Capita Income (GPCI) as dependent variable. Pooled OLS regression is used for panel analysis and as data had heteroskadasticity issue so VCE (robust) is used for minimizing the impact of standard errors. The results of the study support the positive impact of financial and macroeconomic measures on economic development of SAARC countries.