Microinsurance in Pakistan is still in its nascent stages. More than half of the current microinsurance policies in effect in Pakistan are offered through the Benazir Income Support Program (BISP), with the remainder ...

In third world countries, where the level of mechanization in agriculture is low, livestock rearing is mainly for draught purpose. On the other hand, the use of animals for draught purpose is low in developed countries ...

Pakistan and India were part of that wave of economic liberalization among developing countries from the late 1980s. This paper is about one aspect of that failure to ‘produce the economic magic’, in Pakistan. Pakistan ...

This study attempts to model and forecast the volatility of light, sweet, crude oil futures trading at the NYMEX during 1998–2009, using various models from the ARCH family. The results reveal that the GJR-GARCH (1,2) model ...

In this paper I explore the impact of modernization and social change on the Islamic ummah (community of believers) and how they are shaping the emerging struggle between ‘hybridity’ and ‘authenticity’ among Muslims and ...

To date no study has been made to explore the FDI motives of foreign firms in Pakistan. An attempt has been made to rectify this position through a survey of both wholly- and majority-owned multinational enterprises ...

The empowerment of women and improvement of their socio-economic status are essential ingredients of economic, political and social development. To achieve these objectives, the Government and NGOs have launched a number ...

A rich area of economic research focuses on the role of controlled experiments to understand interactions between agents and agents’ own deepseeded preferences as they pertain to pro-social behavior. Four of the most common ...

This note discusses the significance of the information content of dividends, which is reflected through the market price reactions to a firm’s dividend decisions. Informational asymmetries are the main reason for signaling ...