Handbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspects of economic life including economic...

The literature reveals that most of the comparative studies have been conducted in the field of conventional versus Islamic banks while as much focus has not been paid to analyze comparative performance of Islamic banks across the countries and literature is scant in this area. This study...

The stagnant agriculture sector of the Fifties was transformed into a dynamic one in Pakistan by the technological breakthroughs made in the early Sixties. The installation of private tubewells, introduction of high-yielding varieties (HWs) for various crops, the rising use of chemical...

The agricultural labour force in Pakistan has been increasing rapidly due to population growth as well as a declining mortality rate. However, the share of the agricultural labour force to total labour force has been decreasing. The objective of this paper is to search for the factors...

Zafar Iqbal and Mervyn K. Lewis examine, from an Islamic perspective, some central issues in public, economic and corporate governance. Amongst topics analysed are theories of justice, taxation, budget deficits, Islamic financing modes, public and private accountability, and corruption. This...

The principal objective of this chapter is to research the Islamic position on corruption and compare it with Western social scientific thought on the topic. It is shown that the original sources of Islam, the Holy Qur’an and sunna, employ a variety of terminology and narration to...

The development of the two-gap model [Chenery and Bruno (1962); Chenery and Strout (1966); Mckinnon (1964); and Weisskopf (1972)] was an important contribution to the literature of economic development. The two-gap model deals with the interactions between the savings constraint and the foreign...

The main purpose of this paper has been to examine the effects of some of the key macroeconomic variables on Pakistan’s economic growth. Multiple regression framework is used to separate out the effects of key macroeconomic factors on growth over the period 1959-60 to 1996-97. The quantitative...

This study provides a quantitative assessment of selected fiscal adjustment policies on income distribution in Pakistan. Using a latest social accounting matrix for the year 1989-90 and the static fixed-price model, various simulation exercises have been performed. The results show that...