A large majority of the less developed countries, including Pakistan, suffer from low levels of productivity in agriculture. In viewof the scarcity of farm land and the limitations of intensive margins of cultivation, the importance of raising these levels may not be underestimated in terms of a...

In today's world economy, financial crises have been quite rampant and have been a source of greater misery, deprivation and poverty among a growing number of countries [Wolfensehn (1998)]. Some of the major causes of this state of affairs especially in Pakistan lie in rising debt servicing...