The impact of cash holding, and exchange rate volatility on the firm’s financial performance of all manufacturing sector in Pakistan

Exchange rate movement is a mostly debatable issue amongst economists and strategic financial planners in the economies as a vital phenomenon, of every economy in the developing the world. This study sets out to examine the impact of cash conversion cycle, Size, Age, and exchange rate movement on firms’ financial decisions. The estimation used techniques of static panel data analysis in this study; pooled OLS, random effects, and fixed effects. Interaction techniques are applied to check the impact of the exchange rate by multiplying this variable with the main variables of cash conversion cycle, that is receivable in days and payables in days. The results depict there is a significant negative relationship between return on assets and exchanger rate during the period of review while the beta of cash conversion cycle has negative value; age and size are positive and significant at 1% level with return on assets. Therefore, it is recommended that organizations that have some measure to agreement in foreign currencies can adopt some advanced hedging technique to occupy the exchange rate movements risk to improve firm’s performance

WOMEN EMPOWERMENT, MICROFINANCE AND POVERTY NEXUS: AN EMPIRICAL ESTIMATION PERSPECTIVE

Deprivation and poverty are worldwide challenges for poorer countries. Poor people especially women were excluded from financial services until microfinance institutions (MFIs) emerged. During the past few decades microcredit has enjoyed tremendous growth and women continue to be the major beneficiaries. The main objective of this study is to check weather microfinance helped women to attain decent work and strengthen their empowerment or not. This study is based on primary data and respondents were taken from First Microfinance Bank. A sample of 125 respondents was taken through simple random sampling. The study area was Faisalabad.SPSS 22 software was used for analysis. Logit model was applied to get and analyze results. Results showed significant positive relationship between women empowerment and different socio-economic independent variables i.e. income, investment, self-confidence, free movement. All the variables are statistically significant other than education. It is cleared that women enjoy more freedom, self-confidence and learn more skills to enhance their income. By investing in people and empowering individual women and men with education and generation of equal opportunities can create the conditions to allow the poor to break out of the poverty

Photocatalytic degradation of organic dyes and biological potentials of biogenic zinc oxide nanoparticles synthesized using the polar extract of Cyperus scariosus R.Br. (Cyperaceae)

In this study, the polar root extract of Cyperus scariosus R.Br. was used for the biogenic synthesis of ZnO NPs. The results of this study show that ZnO NPs have a spherical structure with an average size of 85.4 nm. The synthesized catalysts were tested for their photocatalytic activity by degrading methyl orange and methylene blue under sunlight. Improved degradation efficiencies of 79.44% and 84.92% were achieved within 120 min. ZnO NPs exhibited strong antibacterial activity against both Gram-positive Listeria monocytogenes (18 mm) and Staphylococcus epidermidis (20 mm) and Gram-negative strains of Escherichia coli (16 mm) and Bordetella bronchiseptica (14 mm), as shown by the inhibition zones, which were comparable to the positive control (ceftriaxone) but larger than the plant root extract. ZnO NPs showed high antioxidant activity, as a ferric-reducing antioxidant power assay value of 66.29 µg (AAE µg·mL−1) and a DPPH value of 57.44 µg (AAE µg·mL−1) were obtained at a concentration of 500 µL, which was higher than those of the C. scariosus root extract. Quantification of the total phenolic and flavonoid content yielded values of 57.63 µg (GAE µg·mL−1) and 70.59 µg (QCE µg·mL−1), respectively. At a concentration of 500 μL (1 mg·mL−1), the tested nanoparticles (NPs) showed a greater anti-inflammatory effect (84.12%) compared to the root extract of C. scariosus (34.39%). Overall, our findings highlight the versatile properties of green synthesized ZnO NPs and demonstrate their potential for environmental remediation and antimicrobial formulations, as well as promising candidates for further investigation in biomedical fields such as drug delivery and therapy

Incidence of Right Ventricular Dysfunction In Patients of LV Dysfunction with Coronary Artery Disease and Short Term Outcome

Objective: To determine the incidence of RV dysfunction in patients of LV dysfunction with coronary artery disease and short term outcome. Methodology: This prospective study was carried out on 168 patients of LV dysfunction with coronary artery disease in the Echocardiography Unit of the departments of Cardiology, Liaquat University Hospital, Hyderabad from 1st October 2017 to 31st October 2018 and followed for three months. All patients with documented CAD were included. RV evaluation was performed on echocardiography through visual evaluation of RV function, RV region measured in four-chamber perspective and RV duration in a lengthy parasternal perspective. RV dysfunction was characterized as TAPSE of less than 1.2 cm. (RV ejection fraction < 35%). All the data was calculated on SPSS version 16.0. Results:  A total of 168 patients were included in this study based on inclusion criteria, out of the 92(54.7%) were male and 76 (45.3%) were female. The mean ± SD (range) was 52.36 ± 10.44 (30 to 60 years). The mean ± SD of RV ejection fraction was 40.73  ± 8.23% (range 25 to 52). The incidence of RV dysfunction was present in 30(17.8%) patients. Conclusion: In patients with LV dysfunction with coronary disease, in our pateints. It is an independent predictor of death and the development of HF in patients with LV dysfunctio

Advances and perspectives on solid oxide fuel cells : From nanotechnology to power electronics devices

Solid oxide fuel cells (SOFCs) hold an important place in energy conversion and storage systems due to their fuel flexibility, high efficiency, and environmental sustainability. The scorching temperature (≥800 °C) to operate SOFCs results in shorter life span due to rapid deterioration of accompanying components. Nanomaterials have attained considerable attention in recent years due to their great technological importance in fuel cell technology. Nanoengineering of the architectures of known materials and adopting composite approach can effectively enhance the active sites for electrode reactions. The use of nanotechnology will make SOFCs environment friendly and sustainable through green manufacturing processes of nanotechnology. Overviews of the contributions of nanotechnology and power electronics technologies to SOFCs, the transition of SOFCs from macro- to nanotechnology, the significance of nanomaterials in SOFCs, dynamic modeling, the function of optimization techniques, and the requirement for power electronics converters in SOFCs are all provided in this piece of work. The applications of SOFCs in different sectors, prominent institutes/labs and companies involved in SOFCs’ research, future challenges, and perspectives are also highlighted.© 2023 The Authors. Energy Technology published by Wiley-VCH GmbH. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.fi=vertaisarvioitu|en=peerReviewed

Cash conversion cycle sensitivity by moderating role of exchange rates volatility on firm’s financial performance

The cycle of cash conversion relates to the time spread between the value of cash paid for purchases and the cash receipt from turnover. Using the State Bank of Pakistan data, this study introduces the direct and moderating role of the exchange rate, effective through the efficient execution of the cash conversion cycle between Pakistani 302 manufacturing companies from 1999–2015. Using the fixed effect as the static panel model and system GMM as a dynamic panel, it is observed that the exchange rate plays an authoritative moderating role between the cash conversion cycle and the financial performance. Results of the investigation have shown that in static panel analysis with the cash conversion period, the exchange rate has a positive and substantial moderating effect on return on assets and return on equity whereas that ER has a major negative impact on return on assets and return on equity using dynamic panel data analysis GMM. The issue of endogeneity in the static panel is addressed using the advanced approach of the standard error of the panel correction standard error method that changed the position of the significance of the moderator variable. Observers, therefore, intend to evaluate the fluctuations in the exchange rate as one of the variables of the financial output moderator in the context of current metrics such as asset’s returns, equity’s returns and gain more practical expression within their investigated results. © 2021 The Author(s)

Impact of rangeland enclosure and seasonal grazing on protected and unprotected rangelands in Chakwal region, Pakistan

Scrub rangelands support livestock grazing and provide ecosystem services to their inhabitants. The present study was conducted in Chakwal, an important tract of the Pothwar Plateau, which sustains herds of small domestic and nomadic ruminants. Urbanization and uncontrolled grazing practices have reduced rangeland productivity and increased soil erosion and resulted in poor land conditions. This study assessed the influence of two years of rangeland protection on aboveground vegetation biomass and the chemical composition of plants and aimed to determine the influence of seasonal grazing on the live-weight gain of small ewes. Using the line intercept method, vegetation data from protected and unprotected plots in 2015 and 2016 were collected at two sites, Dhulli and Begal. Vegetation cover was assessed from images using VegMeasure. Results showed that protected study sites displayed higher vegetation biomass (834 and 690 kg ha-1) compared to the unprotected study site (477 and 326 kg ha-1) during April and August of both years. In the seasonal grazing trial, the experimental ewes that grazed on protected rangelands showed higher live-weight gain (33–63 g day-1) compared to live weight of ewes (17–21 g day-1) that grazed on unprotected rangelands during the experimental period of 127 days at both sites. The results suggest that the Chakwal rangeland has tremendous potential to improve vegetation productivity but modern livestock management and seasonal grazing practices are needed to improve carrying capacity and livestock productivity

Prevalence of Muscle Dysmorphia and Associated Health Activities in Male Medical Students in Karachi, Pakistan

Background: Muscle Dysmorphia (MD) is a subtype of body dysmorphic disorder (BDD) and is currently classified under anxiety disorders (subheading: Obsessive-compulsive disorder) in DSM 5. MD is hypothesized to affect the self-esteem and social outlook of the younger generation. MD shows a higher rate in males and may influence their self-confidence rendering them more prone towards using steroids, supplementary proteins and other drugs to alter their physical outlooks as shown in previous studies. This problem has been on the rise lately due to revolutionary advancement in the media and film industry and the abrupt changes about the standards of physical good looks and body shapes. With the lack of studies done in our population, our study will be helpful to consider the prevalence of the disease in our setting and increase awareness in the general public and clinicians. We hope to help clinicians/ therapists find better options in managing the disease. Materials: We performed a cross-sectional study with a sample size of 246 medical school students in Karachi to collect data through self-administered questionnaires. We used the DSM 5 criteria for the diagnosis of BDD and additional questions on the presence of MD. Nutritional habits, exercise routines, use of supplements and drugs were also obtained for exploratory analysis. Results: Our study predicted the prevalence of MD to be 25%. Other main findings included statistical significant associations between MD and the thoughts and practice of steroid use for muscularity. Conclusion: MD is an underdiagnosed and often unrecognized disease that we believe has significant consequences for the young male population. Further work is needed on this in our part of the world. Our research, we believe, can be a stepping stone for further studies that would incorporate wider populations

Effects of Diagenesis on the Reservoir Quality in the Upper Sands of Lower Goru Formation, Badin Block, Lower Indus Basin, Pakistan

The core samples of B member of upper sand reservoir rocks of the lower Goru Formation from three wellsof the Badin block were studied using thin section, XRD, and SEM techniques to investigate the diagenetic trends andtheir effect on reservoir quality. Microscopic study indicates that the B sand unit is mature with quartz as thepredominant mineral constituent with variable amount of feldspar and lithic minerals. The QFL plot indicates that mostof the samples are plotted in the field of quartz arenite, sub-litharenite and sub-arkose respectively. A few samplesbelong to the category of litharenite and feldspathic litharenite. The feldspars were partially to completely altered tokaolinite and other clay minerals. Coarse-crystalline or micro-crystalline calcite is the predominant cementing material.Bulk rock XRD analysis also confirms that the main mineral constituents of there samples are quartz and calcite invariable proportions. The undulose extinction and fracturing of quartz grains indicate that the area remained understress. Moreover, such fracturing is post-depositional and therefore is the product of late diagenesis. Scanning ElectronMicroscopic (SEM) images at 50 micrometer (μm) size show irregular type of fracturing within the quartz grains. Thislate stage fracturing of quartz has also generated various types of channels which may serve as secondary porosity. Thequartz overgrowth was observed in some samples due to late stage diagenesis. The micro-crystalline cement in the formof calcite is mostly present within the pores in fractured quartz. The results indicate that the diagenesis played asignificant role in improving the reservoir characteristics of B sand by increasing the porosity due to quartz fracturing,feldspar dissolution, alteration and quartz corrosion. Hence, better understanding of reservoir heterogeneities inporosity through diagenetic studies can be helpful in evaluating potential reservoir horizons for hydrocarbonaccumulation on spatial and temporal scales