دنیا دی حقیقت
حسن جوانی دا اے روپ نہیوں رہنا
ہک دن آسی، توں ہے دکھاں وچ پینا
کرسی وفا تیرے نال نہ جوانی
ٹر جاوے ہک واری پھر ناں ایہہ آنی
ایہہ تیری مغروری ساری ٹٹ جانی
پانی والی لہر وانگوں زندگی نے وہنا
حسن جوانی دا اے روپ نہیوں رہنا
ماں تیری ہر گل کردی ہے پوری
ہتھاں نال ٹورے تینوں اوہدی مجبوری
ہک دن چھڈنا جہان اے ضروری
نیکیاں دا پا لَے توں گل وچ گہنا
حسن جوانی دا اے روپ نہیوں رہنا
نخرے نیں چار دن فیر پچھتانا
حسن گیا تے گیا سب یارانا
عشق حقیقی نے ای ساتھ نبھانا
قادریؔ سائیں دا توں من لَے کہنا
حسن جوانی دا اے روپ نہیوں رہنا
چڑھدی جوانی بڑا شور ہے مچایا
چوڑیاں تے جھانجھراں نے دل بہلایا
حسن دے پچاریاں نوں بڑا توں ستایا
روپ والے بت تیرے ہک دن ڈھہنا
حسن جوانی دا اے روپ نہیوں رہنا
قادریؔ ایہہ محفلاں نہ ایہہ ویلے آنے
نویں ایتھے آ گئے ، پرانے ٹر جانے
اگے والی سوچ، گل کہندے نیں سیانے
سدا نہیوں جوبنے تے ایہہ رنگ رہنا
حسن جوانی دا اے روپ نہیوں رہنا
Extremism is a challenge facing the societies both on secular and religious level, which has damaged the society with disrupting peace and creating caos in the world. There is a dire need of an academic discussion regarding the various aspects of the issue in Islamic and social perspectives. This is an attempt to realize the sensitivity of the subject and providing a balanced approached in the light of Islamic teachings. This article draws attention of the concerned authorities to play their role for the stoppage of blasphemous activities by implementation of the existing law and its development by determining the punishment against false accusation. The article also explains that what Islam expects from the Muslims and guides them in expressing their feelings and showing their attitudes, behavior and fixing their responsibilities regarding the issue with true Islamic spirit. The article draws the attention of the non-Muslim countries and communities as well to display impartiality, truth and realistic attitude and appropriate legislation by considering the blasphemous activities as a heinous crime.
The purpose of this study was to investigating the behavioral factors that having an impact of individual equity
investors' investment decision making process together with investment performance at Pakistan's Stock
Markets. Moreover, the relationship of these behavioral variables with investment decision making process and
performance are also monitored. As in Pakistan, there are limited work is done in the area of behavioral finance,
this study is considered to add significantly to the advancement of this field in Pakistan.
The study starts with the previous theories in behavioral finance. So, on the basis of those theories researcher
develop hypotheses. After that, these hypotheses are tested in the course of the questionnaires which are
distributed to individual equity investor's at Pakistan's Stock Exchanges. Then the collected data are analyzed
by using Statistical software. The Tests used were, Exploratory Factor Analysis (EFA), Descriptive Statistics
(DS), Cronbach's Alpha, Pearson Correlation Coefficient and also Multiple Linear Regression (MLR) alongwith
Soble Test.
The result shows that these are two mainly behavioral factors: Heuristic Theory (Overconfidence Bias) and
Prospect Theory (Loss Aversion Bias), affecting the investment decisions making process and performance of
individual equity investors. Most of the sub-variables of both behavioral biases contain high impact on the
performance of equity investor. And these behavioral biases along with or without mediating variable (partial
mediation exist through Sobel test) also contain positive impact on investment performance of individual
equity investor at Pakistan's Stock Markets.
The findings of this study is not only helpful to the individual equity investors, authors, security companies, but
also for the field of behavioral finance. Because, here the only two behavioral biases (Overconfidence and Loss
aversion) impact is deeply observed and draw the conclusions.