Media Freedom in Pakistan Term Paper Example | Topics and Well Written Essays - 3500 words

Media Freedom in Pakistan - Term Paper Example The focus of the study is given to how the media helped to restore the judiciary besides other benefits of the media freedom. The downside of this freedom and its limitations are also discussed in order to give a balanced picture of the impact and relate how free the media really is at this stage. Finally, an examination is made of how the media can help to make democratisation succeed. Officially, democracy began in Pakistan with the 1973 constitution after General Yahya Khan allowed the conduction of a free and fair election in Pakistan for the first time in 1970. It was a parliamentary democracy that allowed for democratically elected representatives to rule. Prior to that, his predecessor General Ayub Khan did allow the country to experience a ‘basic democracy’ under the 1962 constitution after usurping power, but it was rightly called a ‘constitutional autocracy’. Democratic institutions were still suppressed and a mass movement arose to guarantee the p rinciple of one-man-one-vote would be applied. However, the quality of the democracy in Pakistan during the last quarter of the 20th century has been questionable, and arguably it still is. It was again largely absent during Zia-ul-Haqq’s military rule from 1977 to 1988. Political parties were then allowed to participate in proper elections this time in 1988 but the transition to democracy has been a continuous struggle between the military and civilian organisations. In short, where some democratic practices have been permitted, they have usually been partial, controlled and incomplete under the rule of the military or else manipulated under the occasional civilian rule. The pattern that emerges from this brief historical overview is that the degree of democracy has been generally (though not steadily) increasing in Pakistan over the past few decades.

Equity Valuation Essay Example | Topics and Well Written Essays - 2250 words

Equity Valuation - Essay Example Through equity valuation, shareholders of the firm decide whether to hold, buy or sell the firm’s stock. The long term risk of holding the share is also reflected in the valuation analysis i.e. upside and downside margin. Such critical analysis of firm’s equity leads to better financial performance evaluation and finding the growth prospects of a firm. The project has taken British Telecommunication’s financial statements into consideration in explaining the various processes of equity valuation. The telecom industry in UK is one of the largest in Europe that is characterised by the rising competition in broadcast, mobile communication and broadband segment. It has witnessed significant growth in the mobile communication and broadband market and it is above the European average growth rate. The digital TV penetration has risen to 90% of UK population. The operational capacity has also witnessed significant growth owing to the investments made by Virgin media, Next generation networks and British telecom. The major players in the industry are COLT telecom, BT, Virgin Media, Orange, Kcom and O2. The UK market is divided between two kinds of players’ mobile carriers and fixed line. Key players in the mobile carriers market are O2, Vodafone and Hutchison and BT dominates the fixed line carriers. British Telecom is a UK based telecom company that caters to more than 17 million customers in UK and more than 160 countries worldwide. Its main service divisions are digital TV, broadband and mobile communication. It was earlier a subsidiary of the General post office but in 1984, it was privatised and became British Telecommunication Plc. More than 50% of its shares have been sold to investors and further divestment was made in 1993. BT Plc in the current fiscal have plans to takeover EE Ltd for an amount of  £12.1 billion (BT Group Plc, 2014a). The stock valuation