Women Empowerment and Microfinance : A Case Study of Pakistan

The aim of this study is to highlight the role and effectiveness of microfinance in empowering women. The data used for this study were collected from Women empowerment index (WDI) and the book of Pakistani statistics. An empirical investigation was carried out by using Johansen co-integration approach to evaluate the long-term correlation between poverty, growth, and microfinance and women empowerment. To analyze women empowerment, a study index was designed. The results of this study demonstrated that there is a positive and significant correlation between women empowerment and the chosen variables with respect to Pakistan