Inside-Out: Perception of Key Finance Professionals about Theory and Practice of Islamic Banking

Islamic banking has shown tremendous growth in the first decade of 21st century. By the end of 2008, global volume of assets under Islamic banking reached US$951 billion. In Pakistan, Islamic banking has displayed a tremendous annual average growth of 76% during the last seven years and accounts for 6% of the market share (SBP-2010). However, keeping in view the religious ideologies of the significant majority of Pakistanis, Islamic banking industry has expanded at less than its expected potential. This study documents the perception of key players in finance industry about Islamic banking, to highlight the underlying issues directly responsible for slower-than-potential-expansion of this industry. Findings suggest, although theoretically, that the industry perceives Islamic banking correctly, however professionals do not feel content with its practice

Sustainable Cotton Production Through Skill Development among Farmers: Evidence from Khairpur District of Sindh, Pakistan.

This study on farmers’ training in environment-friendly production practices for cotton crop was conducted in the Khairpur District of Sindh province. Data used in this study comprises baseline and post- IPM Farmer Field School (FFS) impact surveys conducted during 2001 and 2003 respectively. The programme impacts were estimated on gross margins and changes in farmers’ attitude towards environment and biodiversity. The effect of training on social recognition of farmers, their experimentation abilities, and decision-making skills were also examined. Beside single difference comparisons of change in production practices between trained and non-trained farmers, the difference in difference (DD) method was also used for comparisons among FFS farmers, exposed farmers, and unexposed farmers from controlled villages. The stochastic production frontier model incorporating inefficiency effects is also estimated to analyse the impact of farmers’ training (through FFS) on productivity and efficiency at cotton farms in the area under study. The results show that better cotton yield and reduction in the cost of pesticides and fertiliser inputs enabled FFS farmers to fetch significantly higher gross margins (US$391/ha) than non-FFS (US$ 151/ha) and Control farms (US$ 25/ha). The total application of pesticide chemicals was largely reduced (44 percent) on FFS farms. The cost of inefficiency at FFS farms was lower (23.71 percent) as compared to those on non-FFS farms (30.50 percent), which implies that FFS farmers were able to maintain a higher level of technical efficiency. It is concluded that the FFS approach is not only cost efficient but also improves farm-level technical efficiency. Information generated through Agro-ecosystem analysis on pest and predator dynamics helps farmers to understand pest-predator interaction to allow nature to work with fewer or most appropriate interventions. A wellplanned technical back-up support mechanism is recommended to be evolved through integrating the research system into farmer-led experimentation. The programme achievements show that the FFS approach in Pakistan has furthered from only crop management to systems management and community

Generalisations of Integral Inequalities of Hermite-Hadamard type through Convexity

In this paper, we establish various inequalities for some differentiable mappings that are linked with the illustrious Hermite-Hadamard integral inequality for mappings whose derivatives are $s$-$(\alpha,m)$-convex.The generalised integral inequalities contribute some better estimates than some already presented. The inequalities are then applied to numerical integration and some special means.Comment: 11 Page

Power Sector Development in Pakistan and Economic Policy Issues

A study of power sector development in Pakistan is like other essential infrastructure and basic social overhead facilities. The provision of electricity is a pre condition for the advancement of other services to accelerate economic development. Of the total consumption, households is 41 percent, agriculture 15 percent; industry 27 percent; others 12 percent includes railway traction.

Husband-wife Roles as a Correlate of Contraceptive and Fertility Behaviour

In this paper, an investigation of reproductive behaviour within the socioeconomic and cultural frameworks is carried out to find the extent to which socioeconomic, cultural, and attitudinal variables (such as husband and wife’s education, family income, husband’s occupation, child mortality, exposure to the mass media, and husbandand- wife relationship in terms of egalitarian roles, role-segregation, husband’s authority, and domination in family and non-family decisions) influence the fertility decision-making process. The quantitative and qualitative techniques are used for exploring the respondents’ views regarding contraceptive and fertility behaviour. Principle Component Analysis (PCA) is applied to identify new meaningful underlying variables and to reduce the multi-dimensionality of variables. The chi-square test is employed to explore the relationships between the predictor variables and the dependent variables. Multiple linear regression is also used to establish the relative importance of each of the predictor variables. Bivariate, multiple linear regression and qualitative analysis demonstrate that preferences for smaller families and contraceptive use were found to be consistently associated with modern attitudes and behaviour towards the husband-and-wife relationship. Family income, husband’s occupation, child mortality, and age at marriage offered no explanation of the reproductive behaviour. It is concluded that cultural setting and tradition exert an important influence on reproductive behaviour independent of development in economic realities. It is suggested that for the attainment of demographicdevelopmental objectives, the issue of women’s status is not incidental; it is essential. The argument is not that improvements in women’s status need to be pursued only for population policy purposes, but rather that they comprise a crucial social developmental goal in their own right.

Characterization of G -Semigroup by Intuitionistic N-Fuzzy Set (INFS) and its level set

Some characterizations of G -Semigroup by intuitionistic N-fuzzy sets have been given here. The concept of intuitionistic N-fuzzy set (INFS) and its level set has been applied to G -semigroup. The notions of intuitionistic N-fuzzy G -subsemigroup and intuitionistic N-fuzzy G - ideals (left, right, lateral, quasi, and bi) have been introduced and characterized by intuitionistic N-fuzzy sets