The study analyzed financial market integration in the five countries of South Asia, Pakistan, India, Bangladesh, Sri …. But for Bangladesh and Sri Lanka they are of different order. The study used Engle Granger (1987) two step methods to …

, Bangladesh, India, Pakistan, and Sri Lanka, covering the period from 1980 to 2003. The analysis is done with the help of tables …

in the South Asian countries such as Bangladesh, Pakistan and India. For the efficiency analysis we used non parametric … eight MFIs from Pakistan, six MFIs from Bangladesh and five MFIs from India are at the efficient frontier under variable … returns to scale. The technical efficiency figures for Pakistan, Bangladesh and India are 0.395, 0.087, and 0.28, respectively …