It is frequently asked whether the modern economy can function without interest. This question has acquired some urgency in wake of the recent ruling of Supreme Court banning interest in Pakistan. In this respect every expert has his own opinion. Some pronounced that great harm will result from...

Rural poverty remains a serious problem in Pakistan, with more than 30 percent of rural population living in absolute poverty. In rural Pakistan there is a big gap between rich and the poor. While the stake of competition for position and status concerns the rich, the struggle for survival in...

Using micro survey data obtained from a Punjab village we study a large number of rural-specific and household-specific variables besides landholding, in an attempt to determine their role in raising levels of living of rural masses. We investigated the reasons as to how some of the landless...