Empirical evidence to identify factors that are responsible for the sluggish development of bond and capital markets in Pakistan remains scanty. This paper is a step forward in this direction. Specifically, this paper draws on the recent developments in the area of law and finance to formulate...

Targeting financially marginalized communities in an efficient way is the most desirable and possibly the most effective strategy for microfinance institutions (MFIs) to reduce incidences of absolute poverty, create self-employment opportunities, and improve socioeconomic wellbeing of the poor...

The study aims to evaluate the microcredit programs operating across the Pakistan. Microsurvey data collected by Gallup Pakistan at the national level have been used. The sample size of the study consists of 2,070 respondents. The impact of the microcredit program on their clients has been...

The role of government in achieving economic growth through its fiscal policy, particularly spending policy cannot be overlooked. Investigation of public spending policy and its transmission mechanism to sustainable growth is imperative to the ultimate objective of welfare maximization. This...

"Shariah governance assumes the primary instrument through which Islamic Banking Institutions (IBIs) ensure the Islamicity of their products, services, operations, and internal environments. It is considered to be one the fundamental elements that differentiates IBIs from their traditional...