Partnership Agreement

Partnership agreement is a written or oral mutual consent to run a business as co-owner for profit. Partnership agreement is also known as article of partnership.


Content of the agreement / the common provision of a partnership contract.

1. The Name of the Firm
2. The Place of the business
3. Nature of Business
4. The names and addresses of partners
5. The amount of investment by each partner
6. The length of life of the partnership
7. The Profit sharing ratio of the partners
8. Extent of withdrawals by each partner
9. Procedure of admission of new partner
10. A provision of salaries of partners
11. A provision of dissolution of the firm
12. Determination of an accounting system and a fiscal year
13. Right duties, and liabilities of partners
14. The name of the banker
15. The signing authority of the check
16. A provision of the retirement of a partner
17. Determination of goodwill
18. A provision of bonus to partners
19. A provision of the method of settlement of dispute
20. A provision for minor partners
21. Interest on capital
22. Interest on Loan
23. Loan from partners
24. Loan to partners.

E-Commerce

E-business is wider in scope then e-commerce which is limited to buying and selling and related activities. It includes E-Marketing, E-Buying and E-Selling. It is doing business online. Buyers browse through information about products, brands, price, set their choice on a particular brand of product, place the order, and make payment using credit card or other electronic payment system.

E-Business

E-Business allows a company to do its business faster and more organizedly and effectively through inter net, extra net, Internet through it, orders, payments, reminders , complaint and promotional activities are made. It is used to create a link between management and employees buyers and sellers, producers and consumers.

Disarmament and Equitable Global Economic Order

Sharing the universal concern of our age, Pakistan maintains the position that if mankind is to survive, the nuclear arms race must be halted.Pakistan has suggested that the United Nations should examine the regional perspectives on nuclear non-proliferation with a view to devising effective and equitable means to prevent the spread of nuclear arms. Pakistan has also made several equitable and non-discriminatory proposals by which Pakistan and India could keep our area free of nuclear weapons.

Foreign Relation of Pakistan

Guiding Principles:

The Guiding principles of  Pakistan's Foreign Policy are derived from the Pakistan Movement which embodied the struggle of the Muslim of South Asia for an independent and sovereign state wherein they could build a social order based on Islamic values and traditions.

For a State that came into existence as a result of its impelling sense of Muslim nationhood rooted in Islamic ideology, it was only natural that it should give its unreserved support to the liberation of Muslim still under colonial subjection, and to work ardently for the promotion of Islamic unity and solidarity.

Ethos of Pakistan's Foreign Policy is also determined by its experience of struggle against colonialism and its commitment to the principles and purposes of  the Charter of the United Nations, which hold out the promise for a just political world order in which nations can live in peace and security  and devote their energies for building a prosperous future.

Pakistan Economy

Pakistan's economy presents a story of continuous growth with rare cases of stagnancy. In the whole period of the country's history since it earned independence in 1947, the major stress has been on capital formation, on the one hand, and on alleviation of the people's poverty and elimination of socio-economic inequalities on the other. But never before in the history, such concrete measure were adopted for the distribution of wealth equitably as have been done by the political government which came as a result of general elections held in 1985 in the country. Programs chalked out the political level by the present elected government when brought within the framework of the Annual Development Programs of the last two years of the country's sixth Five -Year Development plan and within the fiscal policies as embodied in the annual budgets, are definitely leading the country towards a breakthrough both in economic management and public welfare measures.

Pakistan National Anthem

The National Anthem of Pakistan approved by the Government in August 1954, is a harmonious rendering of a three stanza composition with the tune based on eastern music but arranged in such a manner that it can be easily played by foreign bands.

The Anthem is evocative in spirit, extolling Pakistan as the centre of faith and freedom, a land of beauty and strength drawn from the people and the country. The Words touch upon the various facets of national life, with and invocation for the integrity of Pakistan.

The verses of the Anthem have been composed by a renowned poet of Pakistan, Abul Asar Hafeez Jullundhari; while the tube has composed by Ahmed G. Chagla, the well-known musician and composer.

The search for the suitable National Anthem was long and thorough. In December 1948, a committee was constituted by the Government under the chairmanship of Sardar Abdur Rab Nishtar for this purpose. A tune composed by Ahmed G. Chagla, a member of the Tunes Sub-committee was selected in 1950 provisionally for use as an anthem on ceremonial occasions.