The role of foreign aid in promoting economic growth is a debatable issue and remains unsettled at both theoretical and empirical levels. Pakistan has received a substantial amount of foreign aid since its Independence in 1947 but little improvement has been observed in its socio-economic...

Stock markets are highly reactive to internal and external developments. News of major events take no time to impact, the Stock Exchange that quite often serves as a barometer of the good and bad for the market. The importance of particular events and their effect on the stock market has been a...

The current debt situation in Pakistan and the resulting financial crisis require serious attempts to find a sustainable indigenous solution. As such it is essential to search ways and means to reduce dependence on external borrowing over medium to long run.1 External debt is usually created to...