Several studies investigate the various aspects of tobacco at the processing and cigarette manufacturing levels, but the profitability, supply response, and input demand of tobacco farms in Pakistan remain unknown. Our study fills this gap by examining farm-level profitability, input demand, and...

Value-at-risk (VaR) has been extensively used to measure systematic risk exposure in developed markets, e.g., of the US, Europe and Asia. This paper analyzes the accuracy of VaR measure for Pakistan's emerging stock market using daily data of the Karachi Stock Exchange-100 index for the period...