The major objective of the study is to develop a model and to test the relationship among liquidity risk and firm performance through its facets. The main facets of firm performance in the study are i-e profitability, firm size, leverage, share prices and earnings on assets. The present study mainly attempts to analyses qualitative, quantitative & contextual relationship of liquidity risk in Pakistan. Moreover, liquidity risk is less investigated in Pakistan and mainly regarding Islamic banking sector with respect to current data. Therefore, study is mainly investigated on the fourth pillar of significance i-e contextual significance. While, Islamic banking sector of Pakistan is investigated in current study. And the data is acquired from state bank of Pakistan database and through annual reports of the banks. Though, the study has supported past investigations results. Hence, the study has revealed key findings that will be fruitful for theorists, educationists and research scholars as well.
In the rural areas of Pakistan, farmers mostly use their family labor including women for production of crop. Rural women are very active in diverse agricultural activities (i.e. pre-harvest, post-harvest). Women from poor households engage in a variety of income-generating and expenditure-saving activities. They are twice as likely as men to be involved in agriculture related activities. Pakistani rural women lagging behind as compared to other developed country women due to many reasons like lack of training programme about new techniques of crop production, lack of resources, little support by agricultural extension services etc. Therefore, the present study is designed to assess the training needs of the rural women in crop production Karor Lal Eson, District Layyah, which will be helpful for extension organizations to develop their future strategies for rural women. A sample of 120 female respondents was selected randomly from Tehsil Karor Lal Eson, District Layyah through multistage random sampling technique. The results of the study revealed that a large majority (70.8%) of the respondents were illiterate. A simple majority (50.8%) of the respondent spent 2 to 4 hours in land preparation and sowing practices. While about one-fifth (19.2%) of the respondents spent 2 to 4 hours in broad casting of seed/fertilizer. However, in crop production activities including broadcasting of seed/fertilize (mean= 3.35), plant protection (mean= 3.52), thinning (mean= 2.84) and grading of seeds (mean= 2.81) they were less competent and need to educate and train about these tasks.
The Role of Human Resource Professionals (HRP) In Promoting Corporate Social Responsibility (CSR): A Case Study of Pakistan State Oil (PSO) (Published)
The current research investigates the role of Human Resource professionals (HRP) in promoting Corporate Social Responsibility (CSR) in the public sector of Pakistan. Pakistan is part of the developing nations and is facing serious socio-economic, environmental, and political problems; partly because Pakistan has remained under the influence of British colonial rule. The long British colonial rule left serious administrative issues throughout the Indian subcontinent. This paper has identified a number of obstacles to integrating HRM and CSR that companies in Pakistan is facing. These obstacles are cultural, legal framework of corporate structure, rules and regulations regarding employee’s rights, which are a part of the CSR landscape. Corporate social responsibility is getting more popular in the HRM literature, where HR managers’ role is of greater significance for achieving CSR objectives. The authors develop a conceptual framework, which can help in strengthening and promoting links between HR and CSR resulting in achieving organizational, social, and financial objectives. In light of the findings, policy implications and recommendations are discussed in last section of the paper.
We investigated the model cash-cash flow sensitivity by proceeding the 165 Pakistani manufacturing firms data that published by the authentic government body state bank of Pakistan and these firms are listed in Karachi stock exchange. The observation period started from 2007 to 2010. This study disclose that Pakistani manufacturing firms try to escalate the cash holding level that beyond the firm cash flow level there should be two aspects of more holding first they hold for precautionary and second investment motives.
Capital Structure Impact on Financial Performance of Sharia and Non-Sharia Complaint Companies of Pakistan Stock Exchange (Published)
For a firm to be profitable, it is necessary to create an optimal capital structure that contribute towards desired performance level. This study was conducted to explore the relationship between capital structure and financial performance of firms specifically with respect to shariah complaint and non shariah complaint companies. The analysis was conducted on panel data of 8 companies (3 shariah complaint and 5 non shariah complaint) listed under technology and communication sector of Pakistan Stock Exchange under the period 2009-2015. Financial Performance was the dependent variable measured by ROA and ROE while capital structure was independent variable measured by indicators, LTDR, STDR, SGR, NDTS and INSHOL. Multiple linear regression and correlation were used as statistical tools to run the model. On the basis key findings we concluded in Pakistan Shariah and non shariah companies have different pattrens of capital structure. We further concluded that capital structure effect the performance of firm in case of non-shariah but do not significantly affect performance of shariah complaint.
This paper was aimed to investigate those factors which had played an important role in strategic evolution and growth of Pakistani-owned SMEs in the area of Bedfordshire London. The objective was to discover some facts and figures about business experiences of these firms and make the finding a source of learning and development for other similar enterprises in the UK. The target population (sampling frame) was comprised over 42 firms qualifying criterion of SMEs. While applying purposive (judgement) sampling approach, a representative sample of 7 firms (out of 42 firms) with 18 respondents performing at managerial level was selected to conduct in-depth interviews. A case-based empirical investigation conducted around selected group of companies revealed that a number of factors including families and friends, qualification and experience, well thought-out business decisions, clarity of goals and objectives and dual socialization of entrepreneurs while living and working in Pakistan and the UK had played an important role in strategic evolution and growth of these companies. Analysis of the data confirms the vital importance of these factors in laying a sound foundation of these businesses to evolve and flourish in the UK’s highly competitive business environment. The findings of the study are expected to provide some practical lessons to newly built Pakistani-owned enterprises in the UK in developing and strengthening their businesses to survive, grow and succeed in the market.
The study investigates the impact of internal and external factor and macro-economic variables on profitability on commercial banks of Pakistan. Dependent data analysis confirms that the bank size, capitalization, labor productivity, concentration and inflation were significant impact on the bank profitability in Pakistan
IMPACT OF JOB SATISFACTION ON EMPLOYEE TURNOVER-AN EMPIRICAL STUDY OF AUTONOMOUS MEDICAL INSTITUTIONS OF PAKISTAN (Published)
The Health sector in the Pakistan is facing many problems to provide the Health facilities to the masses spread over the country. The most challenging problem is the shortage of Doctor’s as compared to the population. Most of the professional Doctor’s prefers to serve in the abroad instead to serve in Pakistan. There are the many determinants of turnover in the Health Department. The objective of this study is to investigate the factors such as Pay, Promotion, Job Safety and Security, Nature of the Work that effect the job satisfaction level and that are the cause of turnover of employee’s in the Autonomous Medical Health Institutions in the Pakistan. The factors of job satisfaction are such as Pay, Promotion, Job Safety and Security, Nature of the Work. The sample of the research is consist of 200 doctors, nurses, administrative and accounts staff working in Autonomous Medical Health institutions in the Punjab. Out of total 270 Questionnaires distributed in the Autonomous Medical Institutions of the Punjab 200 were received back and used for analysis. For data analysis/results the SPSS 20.0 is used.
USE OF MOTIVATIONAL EXPRESSIONS AS POSITIVE REINFORCEMENT IN LEARNING ENGLISH AT PRIMARY LEVEL IN RURAL AREAS OF PAKISTAN (Published)
The aim of this mixed method research is to find out positive changes in learning and behaviour of the rural students of the nursery class in the government schools at Tehsil Jaranwala district Faisalabad province Punjab Pakistan, by the use of motivational expressions within the context of behavioral perspective of Skinner’s (1957) model of reinforcement. The research makes hypothesis that the ELT teachers in government schools at primary level in Pakistan use such techniques and strategies that do not motivate the students in learning English as a second language (ESL) and the young learners especially in rural context are less interested to learn English because teachers do not motivate the students in the class. The researcher took a nursery class for 37 days and tried to motivate the students to learn English and establish their interest in studies through different motivational expressions. Moreover, a survey questionnaire, consisting of 13 close ended questions and 07 open-ended questions was distributed among 28 male and female teachers of different schools to know their views and comments regarding motivation and use of motivational expressions. The results were presented quantitatively in the form of tables, graphs, frequencies and percentages. The findings of the research results show that more than 75 % teachers agree to the view that there should be motivation in the learners and the use of different motivational strategies, for example motivational expressions, enhance the students’ interest in learning. Moreover, the classroom teaching and the questionnaire results show that students become more motivated towards learning English language when they are positively reinforced in the class. The results can be used as key for seeing the reasons behind the failure of the students at schools as well their misconduct in the society and can be a key to make improvements in both the areas.
USE OF MOTIVATIONAL EXPRESSIONS AS POSITIVE REINFORCEMENT IN LEARNING ENGLISH AT PRIMARY LEVEL IN RURAL AREAS OF PAKISTAN (Published)
The aim of this study is to examine good changes in learning and behaviour in the students at primary level by the use of motivational expressions within the context of behavioral perspective of Skinner’s model of reinforcement. Results can be used as key for seeing the reason behind the misconduct and failure of the students at schools as well in society. For non-native learners of English language most difficult task is to concentrate on learning in the class. The learner is less motivated to learn because he/she has no motivation at all particularly when the learner is at the early age. It is also felt that the teacher’s method and teaching style to teach English at primary level are lacking motivation in the learners. This research make hypothesis that Pakistani young learner especially in rural context is less motivated to learn English because teachers do not motivate students in the class. The finding of the research shows that children become more motivated towards learning English language when they are positively reinforced.
Employee loyalty can be defined as employees being committed to the success of the organization and believing that working for this organization is their best option. The aim of the study was to find the impact of organizational commitment on employee loyalty in Pakistani organizations. This study also finds out the relationship between financial benefit, manger attitude and organizational commitment. At last, the factors affecting employee loyalty was also determined. To achieve the aim of the study questionnaire survey was used. The results show that there is a positive and significant impact of organizational commitment on employee loyalty in Pakistani organizations.
Islamic banking as well as financial institutions should be able to anticipate the needs of the marketplace and also rotate available Islamic financial services prior to conventional products to make sure continual progress and also competitiveness regarding Islamic banking and also financial options. Nonetheless, Islamic bank as well as financial products tended to replicate the typical versions, causing these products dropping worth as well as leading to some distress inside their meaning. Hence, a conceptual research study will be conducted for the growth & development of Islamic financial product from Shariah perspective. Even so, this specific research aims to handle the actual Shariah aspect of Islamic financial product development in addition to focus on the problems developing in the process according to secondary sources. The actual output of this research ought to bring about the actual progression associated with process of Islamic financial product development, in particular in the Shariah aspect, as it is the majority of imperative tool for that Islamic banking institutions in order to meet the increasing concern about profitability, liquidity, asset value, risk management, along with product acceptability. The study aspires to talk about the Fiqh muamalat self-discipline that may offer enough places with regard to creating Islamic products or service development, a place by which Islamic financial institutions should emphasize their means.
This study aims to examine the impact of promotional approach, attractive display of product, in store environment, price reduction on impulse buying behavior. The paper uses primary data. The source of the data is questionnaire which is filled by the respondent. Target population of the research study is those people who are coming for shopping in malls, retail stores in Pakistan. There is positive relationship between dependent variable with independent variable. Null hypothesis is accepted and alternative is rejected. The study only focuses on the quantitative research. The research study focused only for impulsive buying for clothing but many other things can be considered.
IMPACT OF CUSTOMER SATISFACTION ON BRAND LOYALTY- AN EMPIRICAL ANALYSIS OF HOME APPLIANCES IN PAKISTAN (Published)
Customer satisfaction and brand loyalty have been addressed as marketing goals for many companies. Marketing professionals consider loyalty to be a multidimensional phenomenon. Despite the findings of many researches that satisfaction has a significant favorable impact on brand loyalty and a true re-purchase behavior of same brand leads to long term business profits. Therefore, this study investigated the impact of customer satisfaction on brand loyalty for durable goods. The author used primary data in this study and for this purpose a survey has been conducted through a structured questionnaire. The view of 300 middle class households or business people were recorded. Our study results show that the customer satisfaction has significant factor that affect brand loyalty.
Every citizen is legally bound to pay tax to the government to enable to meet its expenditures to discharge its obligations regarding defense, education, public health, law and justice, infrastructure etc. In most of the countries, tax revenue is a major source of government income. Taxes also play a very important role in the economic development of a country. Tax evasion is concerned with all unlawful activities which are adopted by the taxpayers in order to escape from the payment of tax. The objective of this study is to probe the determinants (causes) of tax evasion in Pakistan from both tax payers and tax collectors point of view. In order to record the views of both tax payers and tax collectors the author has collected data from 150 respondents through two separate structured questionnaires. The data collected through this method has been analyzed through different statistical techniques such as arithmetic mean, percentages, standard deviation, t-tests, ANOVA etc. The results highlight six main cause of tax collection: unproductive expenditures / misuse of funds, anti-tax culture, corrupt tax administration, multiple & higher tax rates, complex tax system and amnesties and incentives for tax evaders. The author has also made certain recommendations to combat tax evasion problem and submitted suggestions to improve tax collection in order to ensure financial independence of Pakistan.
This article is focussed on the role of post-colonial bureaucracy in a former princely state Khairpur (Pakistan). It is argued that the bureaucracy treated people in a similar way the colonial bureaucracy dealt with people of British India. This paper also argues that the post-colonial bureaucracy has played largely a political role since the inception of Pakistan in 1947. During the One-Unit Scheme (1955-1970) it became a tool to monopolise power, dominate people and control the resources in a similar way the colonial bureaucracy did it in British India. Thus, the post-colonial bureaucracy failed to appreciate the formation of new public space and the emergence of rural change as an outcome of technological change in agriculture.
This paper evaluate and compare the performance of different categories of Pakistani mutual funds, during seven year from 2004 to 2011.Mutual funds’ performance were analyzed using various evaluation techniques; Sharpe, Treyno, Jensen’s alpha, Sortino, Information/Appraisal ratio, Fama overall performance and performance attribution analysis. The findings suggest that performance of the mutual funds measured with first five methods, does not satisfy investors’ expectations based on the risk and return, mutual funds significantly under-perform the market. Those mutual funds analyzed with the last two methods, are not offering complete diversification thus managers fell short of matching expectations consistent with the actual risk level of portfolio, they have also not made active decision involving both in allocation of assets and in selection of individual security. This study facilitates the managers and investors in taking effective investment decisions by measuring the performance of funds they can allocate resources more efficiently in future.
Factors influencing job satisfaction of employees in telecom sector of Pakistan (Review Completed - Accepted)
The telecom industry plays an important role in the underpinning of a country’s economy. This study is aimed at getting a clearer view of the level of satisfaction of the employees in various telecom companies. The main concerns are the relative importance and need of different job satisfaction factors and how they contribute to the overall satisfaction of the employees. Another field of focus is the impact of different things, such as experience, age and sex on job satisfaction. The results deduced represent employee relations, salary, fringe supervision, and efficiency as the most important factors influencing job satisfaction. It was seen that job satisfaction was good in telecommunication companies This paper was utilized in understanding the importance of the environment in which the employees work, pay, fairness, promotion, job security, supervisors, and co-worker relationships and their effect on job satisfaction. All telecom companies Ufone, Zong, Telenor, Warid telecom, Pakistan Telecommunication and Mobilink were visited to collected data. Data was quantitatively collected through close-ended questionnaires with a sample size of 200 telecom sector employees. Data was analyzed through correlation and multiple regression using SPSS software and results were significant. The overall job satisfaction of the employees in the telecom sector is at the positive level. Hence, this research was mainly undertaken to investigate on the significance of factors such as working conditions, pay and promotion, job security, fairness, relationship with co-workers and supervisors in affecting the job satisfaction. This paper presents a comprehensive diagnosis of job satisfaction indices of telecom sector, the factors causing the dissatisfaction & suggestions to improve them.
Factors affecting teachers’ motivation in Pakistani public universities (Review Completed - Accepted)
The instructive foundations particularly, universities assume a critical part in the underpinning of nation building. This study is pointed at getting a clearer perspective of the level of teachers’ motivation at Pakistani public universities. The principle concerns are the relative imperativeness and need of diverse motivational components and how they give to the general teachers’ motivational level. The outcomes concluded speak for representative relations, pay, border benefits, self-confidence, workload, class environment and stress as the most significant components impacting the teachers’ motivational level. This paper was used in comprehension the essence of the earth in which the teachers’ function, pay, stress, announcement, nature, self-assurance, and associate relationships and their impact on motivational level. Diverse Pakistani public universities were gone by to gather essential information. Information was quantitatively gathered through close-ended surveys with a sample size of 200 Pakistani public university teachers. Information was examined through relationship and different relapse utilizing SPSS programming and outcomes were noteworthy. The general work fulfillment of the representatives in the public universities is at the positive level. Henceforth, this examination study shows that pay & promotion are the most paramount element affecting teachers’ motivation at Pakistani public universities. It was for the most part undertaken to explore on the importance of components, for example class environment, stress, workload, self-confidence and association with coworkers in influencing the employment fulfillment. This paper presents an extensive judgment of teachers’ motivational lists of Pakistani public universities, the components making the disappointment & proposals enhance them.
The Partition of India was the process of dividing the sub-continent along sectarian lines, which took place in 1947 as India gained its independence from British Empire. The northern part predominantly Muslim, became nation of Pakistan and the southern predominantly Hindu became the Republic of India, the partition however devastated both India and Pakistan as the process claimed many lives in riots, rapes, murders and looting. The two countries began their independence with ruined economies and lands without an established, experienced system of government, not only this, but also about 15 million people were displaced from their homes. The Partition of India was an important event not only in the history of the Indian subcontinent but in world history. Its chief reason was the communal thinking of both Hindus and Muslins; but the circumstances under which it occurred made it one of the saddest events of the history of India. No doubt, the Hindus and the Muslims were living together since long but they failed to inculcate the feelings of harmony and unity among themselves. The fanatic leaders of both communities played a prominent role in stoking the fire of communalism. The partition was exceptionally brutal and large in scale and unleashed misery and loss of lives and property as millions of refugees fled either Pakistan or India.