It is proposed that Islamic banking does not merely imply the interest-free banking system; rather, it is the banking in consonance with the ethos and value system of Islam and governed by the principles and rules laid down by Islamic Shariah. The question arises as to why the Islamic financing...

From the economic point of view, urbanisation is good as it facilitates achievement of economies of scale and thus promotes growth of industries and development in the economy. However, from the social point of view, urbanisation encourages crime as the rate of crime is higher in large cities...

The word 'competition' in economic terminology means the independence of business actions opted by different sellers of the same product. However, in context of the telecom industry, the same word has opposite connotation—interdependence among competing service providers. The reason is that...

The current study focuses primarily on estimating private rate of return for two successive degrees of higher education in Pakistan namely M.Phil and PhD. Sensitivity analysis on calculations of the average private rate of return to university education is undertaken. This involves checking how...

I compare the two alternative paradigms of business cycles for the case of the Romanian eThis paper examines the validity of fiscal theory of price level in the five selected SAARC countries, namely Bhutan, India, Nepal, Pakistan and Sri Lanka by using panel data analysis for the period...