56. Al-Waqi’ah/The Event
I/We begin by the Blessed Name of Allah
The Immensely Merciful to all, The Infinitely Compassionate to everyone.
56:01
a. When the Inevitable Event of Doom will descend, and herald the Resurrection,
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a. then there will be no belying and denying of its descent;
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a. it will be degrading and humbling some humans and jinn, and exalting some others.
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a. When the whole of the terrestrial world will be shaken, shaken violently in a series of massive earthquakes and volcanic eruptions,
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a. and the mountains will be made to crumble, utterly crumbling,
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a. so as turning it to dust, scattered in the air like puffed wool.
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a. And you all will be sorted out into the following three diverse categories:
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a. As for the first category:
b. the People of the right hand side – the lucky and blessed ones;
c. how lucky and blessed will be the People of the right hand side!
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a. And the second category:
b. the People of the left hand side – the unlucky and wretched ones;
c. how unlucky and wretched will be the People of the left hand side!
56:10
a. And the third category:
b. those in the foremost who would have taken the lead
c. – indeed they will be the foremost in their race to seek Allah’s Countenance!
56:11
a. For those will be the ones brought near,
56:12
a. in Gardens of Perpetual Bliss - abounding in peace, tranquility, and blessings.
The current research was conducted to explore the possible causes of actual employee turnover and turnover intentions. Using Post positivism research philosophy, phenomenological qualitative research method was used to explore the phenomena. Semi-structured interviews of 21 bank employees (selected using purposive sampling) were conducted which were analyzed using NVivo 12. The research findings suggest many uniques themes in order to overcome the problem of employee turnover, especially for banks. The themes which were developed consisted of five significant themes such as the bank appraisals and reward system was identified as biased and based more on favoritism, employee feel that their actual performance is not evaluated properly and sincerely. The other factor concluded by the research findings is that the employees are dissatisfied with the salary and benefits, as they felt that there should a consistent effort to identify employee personal needs which should be customized accordingly in their compensation plans as well. The very essential factor recognized in the research finding was the upward and downward communication gaps with the employees. Such perceptions generated related issues as the employees felt that branches are much deprived to have a direct communication channel with the top team heads. The other very essential factor discovered after the investigation of the phenomena of turnover is lack of career growth. Lastly, another important cause of employee turnover was the transfers, which took place without the consent of the employee. Employees felt demotivated due to such transfers and changes in their work locations. Recommendations and future research directions have been at the end of the research
Since the 1990s, Pakistan's banking sector has undergone measured and noteworthy reforms. The purpose of these reforms was to build a reliable and competitive banking system to improve efficiency and dependability. To assess and evaluate cost efficiency of Pakistani banks, this research uses parametric stochastic frontier analysis (SFA). The study is conducted for the period of 1998 to 2010; a period immediately following the enactment of the financial reforms in the banking sector. And in this study we compare a number of specifications of SFA model to establish the desired frontier efficiency model. x The study shows that the one stage Hicks-neutral SFA model performs better than any other specifications tested. This SFA specification consisted of inPfts, outputs, control variables and generalized banking characteristics in the cost. Based on our SFA model, the cost efficiency of Pakistani banks is averaged to be 80%, over the period from 1998 until 2010. Over the same period, the structural reforms had a positive impact on Pakistani banking efficiency. Our findings show that Islamic banks and domestic private banks are more efficient than state-owned banks. Similar results were reported by Patti and Hardy (2005); Rizvi (2001), Matthews (2010) and Burki and Ahmad (2010). Furthermore, analysis suggests that differences in cost efficiency of Islamic banks in comparison to conventional banks is not statistically significant. In order to enhance Pakistani banking efficiency further, the State Bank of Pakistan should initiate better risk management policies. Furthermore, enhanced corporate governance and competition among banks could lead to an increased efficiency