Working Capital Management Antecedants Impact on Firm Specific Factors: A Ten Year Review of Karachi Stock Exchange

The study aims of investigate relationship of working capital antecedents and profitability of the company. Seven variables are taken as proxy variable to measure working capital and its management. Population of the study is based on Karachi stock exchange listed companies. The sample of study is manufacturing sector of Pakistan. Thus, sample period contains on the ten years from (2005-2014). All variables have sound reliability and data is normally distributed. Therefore, correlation and regression analyses are applied. Hence, study revealed significant relationship of working capital management and profitability. Key Words: Working capital, profitability, Normality, correlation, regression, sample period, normally distributed.

Cystic Artery Control with Bipolar Electrocauterization During Laparoscopic Cholecystectomy

Laparoscopic cholecystectomy is a widely practiced procedure for symptomatic cholelithiasis. Haemostasis of cystic artery can be achieved with clips electrocautery and ultra modern vessel sealing energy devices. Bipolar electro coagulation of cystic artery is safe and a cost effective measure in developing countries. Our aim was to establish the feasibility of bipolar electrocautery in securing cystic artery. We conducted a prospective study on 120 patients in different age and sex groups. Correctable co morbidities were not a contraindication to inclusion criteria. Anatomical variations in size, origin and number of cystic artery were noted

Bloom’s Taxonomy: Improving Assessment and Teaching-Learning Process

This research study critically analyzes the scope and contribution of Bloom’s Taxonomy in both assessment and teaching-learning process. Bloom’s Taxonomy consists of six stages, namely;remembering, understanding, applying, analyzing, evaluating and creating and moves from lower degree to the higher degree. The study applies Bloom’s Taxonomy to the prevailing assessment system at the level of secondary education in Sindh. The data are collected from the last five years’ question papers used by the Board of Intermediate and Secondary Education (BISE), Karachi, Hyderabad Sukkur at secondary level for the subject of English. The questions asked in these papers are classified and analyzed from the vintage point of Bloom’s Taxonomy to determine whether the present assessment system focuses on the lower degrees of learning like remembering, understanding, applying or it transcends to the higher degrees such as analyzing, evaluating and creating. The data are quantitative hence SPSS. 20 is used to analyze and draw conclusions and results. The findings of this study will help to improve both assessment and teaching-learning process, which will hopefully uplift the learner from the sheer practices of description, rote-learning and memorization to the profound level of analysis, evaluation and creativity

Spatial Differences and Socioeconomic Determinants of Health Poverty

The study aims to develop health poverty index (HPI) using the Alkire Foster (AF) Method for Pakistan based on district representative data obtained from Pakistan Social and Living Standards Measurement (PSLM) 2012-13. Using HPI, this study investigates the spatial differences of health poverty at sub-national level and explores the socioeconomic determinants. The analysis reveals that the headcount health poverty is 41 percent in Pakistan. Further, the ratio is very high in rural areas (50 percent) as compared to urban areas (22 percent). Provincial analysis shows that Punjab is the least poor province (36 percent) while Balochistan is the poorest province (62 percent). The majority of the households are deprived in term of cost of health services, post-natal care and child immunisation. Empirical analysis shows that income, regional variation, education and awareness play very important role in explaining health poverty. To eradicate health deprivation, area and dimension specific policies are required to make efficient use of scarce resources. JEL Classification: I12, I32, J18 Keywords: Health Poverty, Spatial Analysis, Alkire Foster Metho

Pakistan’s Bilateral Trade under MFN and SAFTA: Do Institutional and Non-Institutional Arrangements Matter?

The purpose of this study is two fold. First, to estimate the impact of institutional and non-institutional arrangements on bilateral trade, and second to analyse the impact of SAFTA on bilateral trade in the short as well as in the long run. The empirical analysis which is based on the panel of eight South Asian countries, comprising data over the period i.e. 1975–2013 is conducted using fixed effects model along with Pooled Mean-Group (PMG) estimator for estimating the short and long-run relationships. The analysis has shown that trade agreements including South Asian Free Trade Area (SAFTA) and the Most Favoured Nation (MFN) are not effective in promoting trade, due to low institutional quality and stringent non-institutional arrangements, including high tariff along with low physical infrastructure. Further empirical analysis has shown that both SAFTA and MFN can only contribute to bilateral trade significantly, if complemented by institutional framework. As a policy lesson, to improve the trade ties between India and Pakistan, improvement in physical as well as soft infrastructure is required. Any trade agreements between the two, including MFN can only be effective, when it is supported by a well-defined and enforced institutional framework that ensure the implementation of policy reforms needed to reduce tariff rate and remove non-tariff barriers

Loan Management System of Muslim Commercial Bank of Dera Ghazi Khan, Pakistan

The purpose of this research work is to develop the Loan Management System. The system will maintain the database of beneficiaries and allow efficient and rapid processing of various aspects of the system. It covers all the department of the purposed system. The system will facilitate all the employees and senior management of Loan Management System for Muslim Commercial Bank. In existing system it is very difficult to handle the large amount of requests at the same time by the number of users. The computerized system will ideal for solving complicated problems, storing a very large amount of data with ease and speed.. The tools for the project is VISUAL BASIC-6.0 selected to create front-end application. SQL Server 2000 will be used as backend and Crystal Report8.0 used for reporting (Jill 2000). Keywords: loan management, bank system, MCB,computerized ban

Impact of Firm Specific Factors on Credit Risk: A Case of Karachi Stock Exchange

The current study aims to explore the relationship of firm’s specific factors i-e profitability, ROA, leverage and bank size on credit risk. The population of the study consists of manufacturing sector of Pakistan. The sample of study is cement sector of Pakistan. The sample units are 22 and listed at Karachi stocks exchange. The multivariate regression analysis is used to test the data of sample. The study revealed negative significant relationship of all firm specific factors with credit risk in Pakistan. Thus, the study supported historic investigations regarding credit risk. Keywords: Profitability, ROA, leverage, Firm Size, Credit Risk, Cement Sector, Multivariate Regression

Impact of firm specific factors on credit risk: a case of Karachi stock exchange

The current study aims to explore the relationship of firm’s specific factors i-e profitability, ROA, leverage and bank size on credit risk. The population of the study consists of manufacturing sector of Pakistan. The sample of study is cement sector of Pakistan. The sample units are 22 and listed at Karachi stocks exchange. The multivariate regression analysis is used to test the data of sample. The study revealed negative significant relationship of all firm specific factors with credit risk in Pakistan. Thus, the study supported historic investigations regarding credit risk

FIRM’S FACTORS INTEGRATION WITH DEBT OVERHANG IN KARACHI STOCK EXCHANGE

It is hypothesized in current study that firm’s factors are significantly correlated with debt overhang. And it is aimed to investigate in current study. The data is acquired through convenience sampling and the sample range of the data is five years from 2010 to 2014. Thus, the study found working capital, leverage, profitability and firm size significant with debt overhang. While, dividend payout is found insignificant. Hence, managers have to pay serious attention to their company debt level to overcome debt overhang. Key Terms: Working Capital, Leverage, Debt Overhang, Connivance Sampling, Profitability, Firm Siz