Determinants of Systematic Risk in Commercial Banks of Pakistan

Various efforts are made to quantify and explain risk taking behavior including systematic risk with in financial institutions. This study is about determining various factors affecting commercial banks systematic risk in Pakistan. Sample included in the study consisted of twelve commercial banks listed in PSX (Pakistan Stock Exchange), these banks hold 81.3% market share of customer deposits. Data was collected from 2010 to 2016. The systematic risk for this study was calculated through stock beta (SB) and value at risk (VaR). To determine systematic risk the independent variables used are liquidity, firm size, asset quality, firm growth, return on assets, business mix, operating efficiency and loan growth. The result shows that liquidity, asset quality, return on assets and firm size have significant impact on systematic risk of banks in Pakistan. Keywords: Systematic risk, Asset quality, Operating efficiency, Business mix JEL Classifications: G21, G32 DOI: https://doi.org/10.32479/ijefi.979

Categories and Institutional Change: Contesting the Uncontested Space Through National Rankings

The current study aims to examine how and why actors contest the business education field through rankings. Inspired by the field structuration process and field level change, we argue that categorization systems, in this case, rankings, construct boundaries of the business education field and redefine authority and elites for the field. Ten highly ranked Pakistani business schools were selected through a purposive sampling method. For the thematic analysis adopted in the current study, we collected empirical evidence mainly through interviews with the directors of accreditation and ranking bodies, deans, and marketing directors of business schools. The interview data was also supplemented by secondary data such as internal student surveys, business school’s annual reports, and other relevant sources of data. The current study showed institutional work in the business education field. Through categorization systems, actors use their authority to challenge the existing social order and define the uncontested space of the business education field in developing countries. Actors then populate the uncontested space with new members thus legitimizing new rules and standards for the field and promoting new elites for the field thus creating new social order

Social Media Adoption and Financial Sustainability: Learned Lessons from Developing Countries

Social Media (SM) is considered one of the most discussed topics in today’s business environment, mostly because of the recent developments and improvements in computer and ICT (Information and Communications Technology) technologies. However, very little is known about Social Media’s (SM) role in creating Small and Medium-sized Enterprises’ (SMEs’) financial sustainability. Drawing upon the Technology Organisational and Environmental (TOE) framework, the authors constructed a comprehensive model that examined the role of different factors in the adoption of SM by SMEs in developing countries (using Pakistan as an example). Using a questionnaire survey of 383 owners/managers of SMEs in Pakistan, the research findings determined the different factors (i.e., organisational, technological, and environmental), which can impact the adoption of SM by SMEs. In line with previous research studies, the results of structural equation modelling show that technological factors such as perceived benefits of SM, compatibility of SM, cost, and trust have a substantial effect on SMEs’ SM adoption. Similarly, both organisational factors: top management support and technological competence, are strong predictors of SM adoption in SMEs. Finally, environmental factors (i.e., competitor pressure, customer pressure, and information intensity) positively impacted SM adoption by SMEs. The effect of SM adoption on SMEs’ financial sustainability was also tested and found to be positive and significant. Several theoretical and practical implications for owners/managers and other stakeholders regarding SM’s successful implementation by SMEs are highlighted within the paper

Adsorption potential of macroporous Amberlyst-15 for Cd(II) removal from aqueous solutions

The macroporous ion exchange resins are unique and most suitable for the adsorption of heavy metal ions due to their porous three-dimensional structures and large specific surface areas. In the current investigation, a macroporous sulphonic acid cation exchange resin Amberlyst-15 was implemented for the adsorption of Cd (II) using batch adsorption technique to evaluate its removal efficiency. The characterization of resin surface was performed by several techniques: Scanning Electron Microscopy/Energy dispersive X-Ray Spectroscopy (SEM/EDS), Thermogravimetric analysis (TGA), Fourier-transform infrared spectroscopy (FT-IR), Brunauer-Emmett-Teller (BET) surface area and Point of zero charge (PZC). The effects of various experimental parameters such as time, temperature, concentration, pH and dosage amount were examined in detail. The optimum pH for maximum uptake of Cd(II) onto the Amberlyst.15 was observed at pH 3 showing the efficient working of resin under highly acidic conditions. The results also proved that Amberlyst-15 showed tremendous adsorption potential toward Cd(II) removal; 99.95% removal within 30 minutes reaction time and 2.01mmol/g maximum adsorption capacity at 323K. The adsorption data was well described by Langmuir adsorption isotherm and pseudo second order models. The thermodynamic parameters revealed that the adsorption was endothermic, spontaneous and feasible process with increased randomness at resin surface. The free energy of adsorption (E) (13-15kJ/mol) determined from Dubinin-Radushkevitch (D-R) model proved the ion exchange reaction mechanism for Cd(II) adsorption. The experimental results reported herein validate that Amberlyst.15 resin is a promising adsorbent for the enhanced removal of Cd(II) and other toxic metals from contaminated water and waste effluents

Pakistan Textiles can Bounce Back Vigorously

The purpose of this research study is to identify and analyze the methods for increasing the market share of the Pakistan Textile industry in the world. This paper discusses the macro economic factors responsible for advancement and development of the textile industry in leading textile producing countries.  The approaches adopted in this study are: firstly, developing a set of key success factors by studying the market leaders in the world i.e. China, India and USA; secondly, problems are being identified in the Pakistan Textile industry by comparing those key success factors with the situations in Pakistan. The problems found in Pakistan textile are further investigated and verified through primary research based on qualitative data. Finally, a set of recommendations is developed for the solution of problems found in Pakistan textile industry to increase its market share in the world. This paper proposes suggestions for solving problems found in Pakistan textile industry. Proper implementation of the guidelines given in this study greatly improves the chances of the Pakistan textile industry realizing its full potentials and ultimately increases its world market share. Keywords: Pakistan, Textile Industry, Key Success Factors, Market Share JEL Classification: L67 DOI: https://doi.org/10.32479/irmm.937

A multiband circular polarization selective metasurface for microwave applications

In this research article, a multiband circular polarization selective (CPS) metasurface is presented. A reciprocal bi-layered metasurface is designed by introducing the chirality in the structure. The top layer of the proposed metasurface is composed of circular split-ring resonator with a cross shape structure inside it. The same structure is printed on the bottom side of the proposed metasurface by rotating it at an angle of 90° to achieve chirality in the structure. The proposed metasurface is able to add CPS surface capability between 5.18 and 5.23 GHz for y-polarized incident wave. For the frequency band of 5.18–5.23 GHz, the transmission goes up to − 4 dB, while the polarization extinction ratio (PER) reaches up to − 27.4 dB at 5.2 GHz. Similarly, for x-polarized incident wave, three strategic CPS operating bands are achieved within the frequency ranges of 10.64–10.82 GHz, 12.25–12.47 GHz, and 14.42–14.67 GHz. The maximum PER of 47.16 dB has been achieved for the 14.42–14.67 GHz frequency band at 14.53 GHz. Furthermore, the response of the metasurface does not vary against oblique incidences up to 45°. The simple structure, angular stability, multiband and miniaturized size make this metasurface an outstanding applicant for polarization conversion and biomedical applications

Synchronization of Boron application methods and rates is environmentally friendly approach to improve quality attributes of Mangifera indica L. on sustainable basis

Micronutrient deficiency in the soil is one of the major causes of mango fruit and yield's poor quality. Besides, the consumption of such a diet also causes a deficiency of micronutrients in humans. Boron deficiency adversely affects the flowering and pollen tube formation, thus decreasing mango yield and quality attributes. Soil and foliar application of B are considered a productive method to alleviate boron deficiency. A field experiment was conducted to explore the Boron most suitable method and application rate in mango under the current climatic scenario. There were nine treatments applied in three replications. The results showed that application of T8 = RD + Borax (75 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) and T9 = RD + Borax (150 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) significantly enhanced the nitrogen, potassium, proteins, ash, fats, fiber, and total soluble solids in mango as compared to the control. A significant decrease in sodium, total phenolics contents, antioxidant activity, and acidity as citric acid also validated the effective functioning of T8 = RD + Borax (75 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) and T9 = RD + Borax (150 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) as compared to control. In conclusion, T8 = RD + Borax (75 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) and T9 = RD + Borax (150 g plant -1 as a basal application) + H3 BO3 (0.8% as a foliar spray) is a potent strategy to improve the quality attributes of mango under the changing climatic situation

Sustainable economic growth potential of biomass-enriched countries through bioenergy production: State-of-the-art assessment using product space model

The current study aims to examine the economically viable biomass feedstocks for bioenergy generation and their export potential. The Product Space Model (PSM) is the primary tool used to achieve the aim by accomplishing certain objectives. The study’s findings show that Pakistan has abundant biomass resources for energy production. Canola oil, leather flesh wastes, and poultry fattening show the highest PRODY values, 46,735, 44,438, and 41,791, respectively. These have high-income potential and are considered feasible for export after meeting local energy demand. While goat manure, cashew nutshell, and cotton stalk show lower income potential having values of 3,641, 4,225, and 4,421, respectively. The biowastes having low-income potential are more beneficial to utilize in energy generation plants within the country. The United States is observed to make the most sophisticated products, indicated by an EXPY value of 36296.89. While the minimum level of sophistication is observed for Indonesia, as revealed by its EXPY value of 22235.41 among all considered countries. The PSM policy map analysis of the current study shows that Pakistan and Argentina are located in the Parsimonious Policy quadrant, suggesting shifting toward unexploited products closely related to the existing export baskets. Although the United States, China, India, Indonesia, and Brazil are found in the most desired Let-it-be Policy quadrant. They have more room to diversify their industries and enhance their export potential. The study has practical applications in economic, social, and environmental perspectives, focusing on economic, clean, and sufficient energy. Furthermore, exportable biomass feedstocks are identified to strengthen the economy. Further research must be conducted to evaluate other indicators of the PSM to explore the proximity aspect of PSM, as it would provide a clearer picture of bioenergy and biomass export prospects

The Karachi intracranial stenosis study (KISS) Protocol: an urban multicenter case-control investigation reporting the clinical, radiologic and biochemical associations of intracranial stenosis in Pakistan.

Background: Intracranial stenosis is the most common cause of stroke among Asians. It has a poor prognosis with a high rate of recurrence. No effective medical or surgical treatment modality has been developed for the treatment of stroke due to intracranial stenosis. We aim to identify risk factors and biomarkers for intracranial stenosis and to develop techniques such as use of transcranial doppler to help diagnose intracranial stenosis in a cost-effective manner. Methods/Design: The Karachi Intracranial Stenosis Study (KISS) is a prospective, observational, case-control study to describe the clinical features and determine the risk factors of patients with stroke due to intracranial stenosis and compare them to those with stroke due to other etiologies as well as to unaffected individuals. We plan to recruit 200 patients with stroke due to intracranial stenosis and two control groups each of 150 matched individuals. The first set of controls will include patients with ischemic stroke that is due to other atherosclerotic mechanisms specifically lacunar and cardioembolic strokes. The second group will consist of stroke free individuals. Standardized interviews will be conducted to determine demographic, medical, social, and behavioral variables along with baseline medications. Mandatory procedures for inclusion in the study are clinical confirmation of stroke by a healthcare professional within 72 hours of onset, 12 lead electrocardiogram, and neuroimaging. In addition, lipid profile, serum glucose, creatinine and HbA1C will be measured in all participants. Ancillary tests will include carotid ultrasound, transcranial doppler and magnetic resonance or computed tomography angiogram to rule out concurrent carotid disease. Echocardiogram and other additional investigations will be performed at these centers at the discretion of the regional physicians. Discussion: The results of this study will help inform locally relevant clinical guidelines and effective public health and individual interventions

Spatial, temporal, and demographic patterns in prevalence of chewing tobacco use in 204 countries and territories, 1990-2019 : a systematic analysis from the Global Burden of Disease Study 2019

Interpretation Chewing tobacco remains a substantial public health problem in several regions of the world, and predominantly in south Asia. We found little change in the prevalence of chewing tobacco use between 1990 and 2019, and that control efforts have had much larger effects on the prevalence of smoking tobacco use than on chewing tobacco use in some countries. Mitigating the health effects of chewing tobacco requires stronger regulations and policies that specifically target use of chewing tobacco, especially in countries with high prevalence. Findings In 2019, 273 center dot 9 million (95% uncertainty interval 258 center dot 5 to 290 center dot 9) people aged 15 years and older used chewing tobacco, and the global age-standardised prevalence of chewing tobacco use was 4 center dot 72% (4 center dot 46 to 5 center dot 01). 228 center dot 2 million (213 center dot 6 to 244 center dot 7; 83 center dot 29% [82 center dot 15 to 84 center dot 42]) chewing tobacco users lived in the south Asia region. Prevalence among young people aged 15-19 years was over 10% in seven locations in 2019. Although global agestandardised prevalence of smoking tobacco use decreased significantly between 1990 and 2019 (annualised rate of change: -1 center dot 21% [-1 center dot 26 to -1 center dot 16]), similar progress was not observed for chewing tobacco (0 center dot 46% [0 center dot 13 to 0 center dot 79]). Among the 12 highest prevalence countries (Bangladesh, Bhutan, Cambodia, India, Madagascar, Marshall Islands, Myanmar, Nepal, Pakistan, Palau, Sri Lanka, and Yemen), only Yemen had a significant decrease in the prevalence of chewing tobacco use, which was among males between 1990 and 2019 (-0 center dot 94% [-1 center dot 72 to -0 center dot 14]), compared with nine of 12 countries that had significant decreases in the prevalence of smoking tobacco. Among females, none of these 12 countries had significant decreases in prevalence of chewing tobacco use, whereas seven of 12 countries had a significant decrease in the prevalence of tobacco smoking use for the period. Summary Background Chewing tobacco and other types of smokeless tobacco use have had less attention from the global health community than smoked tobacco use. However, the practice is popular in many parts of the world and has been linked to several adverse health outcomes. Understanding trends in prevalence with age, over time, and by location and sex is important for policy setting and in relation to monitoring and assessing commitment to the WHO Framework Convention on Tobacco Control. Methods We estimated prevalence of chewing tobacco use as part of the Global Burden of Diseases, Injuries, and Risk Factors Study 2019 using a modelling strategy that used information on multiple types of smokeless tobacco products. We generated a time series of prevalence of chewing tobacco use among individuals aged 15 years and older from 1990 to 2019 in 204 countries and territories, including age-sex specific estimates. We also compared these trends to those of smoked tobacco over the same time period. Findings In 2019, 273 & middot;9 million (95% uncertainty interval 258 & middot;5 to 290 & middot;9) people aged 15 years and older used chewing tobacco, and the global age-standardised prevalence of chewing tobacco use was 4 & middot;72% (4 & middot;46 to 5 & middot;01). 228 & middot;2 million (213 & middot;6 to 244 & middot;7; 83 & middot;29% [82 & middot;15 to 84 & middot;42]) chewing tobacco users lived in the south Asia region. Prevalence among young people aged 15-19 years was over 10% in seven locations in 2019. Although global age standardised prevalence of smoking tobacco use decreased significantly between 1990 and 2019 (annualised rate of change: -1 & middot;21% [-1 & middot;26 to -1 & middot;16]), similar progress was not observed for chewing tobacco (0 & middot;46% [0 & middot;13 to 0 & middot;79]). Among the 12 highest prevalence countries (Bangladesh, Bhutan, Cambodia, India, Madagascar, Marshall Islands, Myanmar, Nepal, Pakistan, Palau, Sri Lanka, and Yemen), only Yemen had a significant decrease in the prevalence of chewing tobacco use, which was among males between 1990 and 2019 (-0 & middot;94% [-1 & middot;72 to -0 & middot;14]), compared with nine of 12 countries that had significant decreases in the prevalence of smoking tobacco. Among females, none of these 12 countries had significant decreases in prevalence of chewing tobacco use, whereas seven of 12 countries had a significant decrease in the prevalence of tobacco smoking use for the period. Interpretation Chewing tobacco remains a substantial public health problem in several regions of the world, and predominantly in south Asia. We found little change in the prevalence of chewing tobacco use between 1990 and 2019, and that control efforts have had much larger effects on the prevalence of smoking tobacco use than on chewing tobacco use in some countries. Mitigating the health effects of chewing tobacco requires stronger regulations and policies that specifically target use of chewing tobacco, especially in countries with high prevalence. Copyright (c) 2021 The Author(s). Published by Elsevier Ltd. This is an Open Access article under the CC BY 4.0 license.Peer reviewe