This study investigates the empirical relationship between spot and forward exchange rate efficiency with reference to Pakistan and the efficiency of its foreign exchange market. We use monthly data from the State Bank of Pakistan and KIBOR rates for the period July 2006 to December 2013. Our...

In today's world where technology, advancement, trade, business and modernization has been increasing day by day countries are emphasizing on business sector and individuals are focusing on earning more and more money but some peoples are still depressed and deprived due to rampant inflation and...