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Full-Text Articles in Business

Global Financial Crisis: Cause, Emerging Trends And Strategy, Badar Alam Iqbal Jul 2010

Global Financial Crisis: Cause, Emerging Trends And Strategy, Badar Alam Iqbal

Business Review

Global financial crisis is the biggest threat to the survival of the world in years to come. It has far reaching consequences for both developed and developing economies of the world. There is only a difference of the degree of impact. This crisis is resulting into recession which is also a most dangerous thing for the global economy. Hence, these days, global attention has now shifting from concern in regard to dimensions of the financial crisis to assessing how deep the real economy recession it has triggered will be and how long the crisis would last. No one can say …


Determinants Of Foreign Direct Investment In Services Sector Of Pakistan: An Econometrics Approach, Muhammad Zahid Awan, Khair Uz Zaman, Bakhtiar Khan Jul 2010

Determinants Of Foreign Direct Investment In Services Sector Of Pakistan: An Econometrics Approach, Muhammad Zahid Awan, Khair Uz Zaman, Bakhtiar Khan

Business Review

This study examines the key determinants of FDI inflows in Services sector of Pakistan, using time series data (quarterly) for the period of 1996Q1-2008Q4. To check the stationarity of the data, ADF test has been applied. Co-integration and Error Correction Model (ECM) is used for estimation of the data. This study found that Gross Domestic Fixed Capital formation (GDFCF), Inflation Rate(INF), Current Account Balance(CAB), Exchange Rate (ER), and Per Capita Income (PC) are main factors of FDI inflows in services sector of Pakistan. This study reveals that GDFCF, INF and PC are found statistically significant with positive signs. CAB and …


Pakistan’S Experience With The International Monetary Fund (Imf) 2000 – 2004, Ishrat Husain Jan 2010

Pakistan’S Experience With The International Monetary Fund (Imf) 2000 – 2004, Ishrat Husain

Business Review

Pakistan’s relationship with the International Monetary Fund during the 2000 – 2004 period was quite unique and distinctive. Unlike the earlier eight agreements that were concluded with the IMF during 1988-99 and were never implemented beyond the first tranche release it was only in this period that two successive agreements – a nine month Stand-by Arrangement (SBA) in the year 2000 followed by a three year Poverty Reduction and Growth Facility (PRGF) were successfully completed. All the sixteen reviews by IMF staff were completed and eleven successive tranches were drawn on time without any extension or interruption 1 . The …


Financial Market Development And Capital Structure Pattern In Pakistan: An Aggregate Level Analysis, Mohammed Nishat Jan 2010

Financial Market Development And Capital Structure Pattern In Pakistan: An Aggregate Level Analysis, Mohammed Nishat

Business Review

This study empirically identifies the factors that explain the capital structure choice pattern of listed companies during 1964–2000. Three measures of debt (total debt ratio, long term book debt ration, and long term market debt ratio) are explained by a set of independent fundamental variables such as growth of firm, size of firm, tangible asset, profitability, earning variability, market to book ratio, and reforms. The analysis is also done to identify any capital structure pattern prevail across various industries in Pakistan. Most of the results are consistent with theory and similar to other empirical studies. The growth and profitability of …


Comparative Analysis Of Islamic And Conventional Banking Performance, Mirza Ali Huzaifa Sultan, Muhammad Zahid Siddique Jan 2010

Comparative Analysis Of Islamic And Conventional Banking Performance, Mirza Ali Huzaifa Sultan, Muhammad Zahid Siddique

Business Review

This paper analyzes the performance of Islamic banks compared to that of conventional banks in Pakistan. This comparison is based on the financial performance, product services and customer perception. We have selected two Islamic banks, namely Meezan Bank limited & Albaraka Bank, and two conventional Banks, Soneri and My Bank. This selection was made because of the similar size of these banks in terms of their deposits. The paper shows that Islamic Banking is falling behind the conventional one both in terms of its business as well as customer perspective. The research is divided into three parts. First part covers …


Book Review Of: Meezan Bank’S Guide To Islamic Banking By Muhammad Imran Ashraf Usmani, Javed A. Ansari Jan 2010

Book Review Of: Meezan Bank’S Guide To Islamic Banking By Muhammad Imran Ashraf Usmani, Javed A. Ansari

Business Review

Islamic banking has been seriously effected by the financial crisis of 2007- 2010. The impending collapse of financial institutions in the Gulf, specially in Dubai and the growing threat of sovereign debt repudiation and default by oil exporting countries has had a particularly severe impact on global Islamic finance growth. Forecasts for Islamic finance transactions have been revised downwards several times during 2009 and riskiness and illiquidity of leading Islamic finance institution are perceived as having increased due to the growing instability of the Gulf economies.