Unemployment is one of the major factors in low Economic development of Pakistan and especially KPK, due to a number of factors and gaps on demand and supply side. Unemployment is on the rise, which needs to be minimised. Large part of the working community is involved in unrelated jobs meaning...

Public property common pool resources in many developing countries are often portrayed in dismal states allegedly due to governments’ inability to manage them in a sustainable manner. While this explanation may have some merit, it is certainly inadequate. Instead, we argue that public property...

This study investigates the existence of accrual anomaly by using a sample of 340 non-financial firms listed at Karachi Stock Exchange. The objective of the study is to examine the persistence of the accruals and cash flow components and their respective effect on future stock prices and a hedge...

This study evaluates the link between disaggregate energy consumption (coal, petroleum, electricity, renewable energy consumption), economic growth and environment for Asian Developing countries. Cointegration tests verify long run relationship among energy consumption and growth, energy...

In countries like Pakistan, where the macroeconomic situation remains uncertain and inflationary expectations always linger to a high level, investors stay in search of such cost-effective or profitable investment opportunities that can be able to provide their capital an effective hedge against...

The issue of imperfect competition in economic theory has been repeatedly discussed given its importance in the distribution of economic resources. In this study, market power measured by price over marginal cost markup has been assessed using the data of census of manufacturing industries (CMI)...

According to western views, wealth is unambiguously good, and so human welfare is positive when wealth is in excess of needs, and negative if it is less. Islam has a substantially more sophisticated view of the relation between wealth and welfare. Excess wealth is a trial, which can bring great...

Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart...

A dignified and healthy life remains a distant nightmare to the large majority of population in developing countries including Pakistan. Large masses living in this world particularly South Asian country (that is home to over one fifth of the world’s population) is still striving for it....