This study is based on data from a cross sectional survey of 120 farms located along the Mithaluck irrigation canal in central Punjab. The data collected were analyzed using (i) the residual imputation method, and (ii) the change in net income method,and applied to a linear programming model to...

The observable fact was known to be hunger in the 1980s but now terminology has been shifted to insecurity. Improving the household food security is an issue of supreme importance in millions of people in the world who are suffering from persistent hunger and malnutrition and those who are at...

The government of Pakistan introduced several agricultural credit programmes through institutional sources. The impact of these programmes was less than optimal due to rambling credit policies. The farmers were facing many constraints to avail agricultural credit in a timely fashion. The...

The determination of inflation is widely debated all over the world. The macroeconomic variables namely: money supply, income velocity of circulation, real effective exchange rate and real income of the economy are the main affect of inflation. The objective of the study was to investigate the...

Land and irrigation are the basic resources in agriculture. The role and importance of these resources and their contribution towards productivity, in the context of the country’s increasing population, can hardly be exaggerated. Pakistani agriculture is set in a very distinctive situation of...

High economic growth, extremely low nominal interest rate and negative real interest rate gave a boost to financial leverage (gearing ratio) of the textile sector to its peak in 2005. Firms are now are facing the consequence of high gearing. An explosion in their financing costs along with...

The relationship between economic growth, exports and imports in Pakistan from1990Q1 to 2008Q1 has been examined. Economic growth and exports are not cointegrated suggesting the absence of long-run relationship. Causality in Granger’s sense is absent between economic growth and exports as well...

This study uses panel data on 75 textile firms for the period 2000–09 to examine the consequences of an easy credit policy followed by high gearing, increased financing costs, and other determinants of corporate profitability. Five out of nine explanatory variables—including gearing,...

Using firm-level balance sheet data for 20 of the 24 exchange companies in Pakistan for the period 2006–11, we explore the sources of firms’ vulnerability to short-term financing shocks. Based on the probability estimates of a maximum likelihood binary probit model, this paper shows that the...