منظوم تبصرہ
از حافظ عبدالغفار حافظؔ
ہیں جو اُردو شاعری سے بہرہ ور شفقت فرید
آ گئے ہیں سامنے با کرّ و فر شفقت فرید
میرے مشفق ڈاکٹر شہزاد کی خدمات پر
لکھ کے لائے ہیں مقالہ خوب تر شفقت فرید
ایم فِل کا یہ مقالہ قابلِ تعریف ہے
پا گئے ہیں منزلِ فتح و ظفر شفقت فرید
کیا ہی کہنا ڈاکٹر شہزاد کی خدمات کا
جائزہ لیتے نہ کیوں دل کھول کر شفقت فرید
زندہ و جاوید جیسے ڈاکٹر شہزاد ہیں
کیوں نہ ہو جاتے اُسی صورت امر شفقت فرید
جامعہ نے کر لیا منظور تھیسز آپ کا
ہو گئے اس طرح ڈگری ہولڈر شفقت فرید
دو مبارک باد بڑھ کر حافظِ ؔشیریں نوا
کیوں کہ اس کے مستحق ہیں سر بہ سر شفقت فرید
قطعہ تاریخ طباعت
فکرِ تاریخِ طباعت جب ہوئی حافظ مجھے
یہ کہا ہاتف نے بحر نام ور شفقت فرید
لکھ دعا کا سر ملا کر محسنِ شیریں سخن
۴ ۱۴۳۸
۱۴۴۲ھ
تا کہ خوش ہو جائیں اُس کو دیکھ کر شفقت فرید
خراجِ محبت و عقیدت
عاشقِ نعت نبیؐ شہزاد ہیں
اک سفیر آگہی شہزاد ہیں
جو مٹائے نفرتوں کی تیرگی
ہاں وہی تو روشنی شہزاد ہیں
یہ فروغِ نعت میں سر گرم ہیں
اہلِ دل کی زندگی شہزاد ہیں
لمحہ لمحہ ذکر سرورؐ لب پہ ہے
طالبِ شہرِ نبیؐ شہزاد ہیں
جانتے ہیں اہلِ دل ، اہل نظر
چاہتوں کی چاندنی شہزاد ہیں
جن کا شیدائی ہے یہ احمد خیالؔ
وہ بہارِ زندگی شہزاد ہیں
از احمد خیال
Pashtun Ulama have always been in the service of Islam. The origin of Pashtun people in Pakistan is the province of Khyber Pukhtunkhwa formerly known is North West Frontier Province (NWFP). Pashtun Ulama have served Islam on different fronts; some have done Jihad against the non-Muslims, some of them have offered their services in the field of Islamic education, ie, teaching in Madrassas, while some have served Islam via their writing commentary of Qur’ān, explanation of Ḥadīth and juristic problems. This article discusses the worthy contributions of one of the great commentators of Qur’ān Shaykh Ḥāfiẓ Muḥammad Idrīs, who belonged to Mardan in the Province of Khyber Pakhtunkhwa, He lived in the 19th century. The article encompasses a detailed biography of the writer and his worthy contribution in serving Qur’ān, Islam and Muslims focusing on his commentary on Qur’ān in Pashto language named as “Kashshāf Al Qur’ān”. The method used for the research is descriptive and qualitative. The review literature showed that such an esteemed and vigorous scientist of different sciences of Qur’ān and his valuable contributions are out of the reach of scholars and libraries that may lead to an irreparable loss of the Islamic legacy. The study came up with the outcomes of his efforts in the field exegesis of Qur’ān, and the way and pattern he followed in interpreting different meanings of the revealed literature. The study would help out Islamic scholars and will enrich the domain of the Qur’ān’s research with new thoughts and viewpoints
The present study is conducted to investigate Weak Form Efficiency (WFE) of KSE-100 Index by using the daily
data set from January 3, 2000 to November 30, 2012. This study estimated three unit root tests namely
Augmented Dickey and Fuller (1979), Phillip-Perron (1988) and Kwiatkowski, Phillips, Schmidt and Shin
(1992). Weak Form Efficiency was also investigated by applying autocorrelation test with the help of Q-
statistics.
From the statistical results mixed findings are concluded about the efficiency of KSE-100 index. The presence
of unit root indicates that a time series is non-stationary or random walk or in other words Weak Form Efficient.
Meanwhile, estimated statistical results of Ljung-Box Q-Statistic of autocorrelation concluded that KSE-100
index is not Weak Form Efficient. However, the main reason of difference in results is because of the low power
of process of unit root tests if the process is stationary.
The implication of these findings can play pivot role in case of investment decisions made in stock markets in
Pakistan. Investment managers, investors, multinaltional and even policy makers of developing countries with
prior knowledge about Weak Form Efficiency of stock markets of the Pakistan can make smart investment
decisions with better risk management.