Corporate Governance for Banks in Pakistan: Recent Developments and Regional Comparisons

The emerging economies in the South Asian region have embarked on a bold reform process to develop the banking sector. This development has improved the transparency and accountability of the banking sector because these countries focused on ‘best practice’ corporate governance for banks. In view of a rapidly developing market with a slow pace of information dissemination, adverse selection and moral hazard problems are likely to be on the rise and may need a mechanism to train and discipline bank management. It was, therefore timely for the central banks in the region to introduce a ‘best practice’ for the banking system as a whole. This study provides a survey of recent developments in corporate governance of the banking sector in Pakistan and a comparison of similar developments in two other regional economies, namely, India and Bangladesh. In addition to a theoretical discussion on this issue, we also provide an overview of the banking sector restructuring and highlighting important features of the codes of corporate governance established by central banks in the sample countries. In conclusion, we present a comparison of the major differences in these measures across countries and comment on the pace of these developments.Corporate Governance, Banks, Pakistan

Improvement of strength and water absorption of Interlocking Compressed Earth Bricks (ICEB) with addition of Ureolytic Bacteria (UB)

Interlocking Compressed Earth Brick (ICEB) are cement stabilized soil bricks that allow for dry stacked construction. This characteristic resulted to faster the process of building walls and requires less skilled labour as the bricks are laid dry and lock into place. However there is plenty room for improving the interlocking bricks by increase its durability. Many studies have been conducted in order to improve the durability of bricks by using environmentally method. One of the methods is by introducing bacteria into bricks. Bacteria in brick induced calcite precipitation (calcite crystals) to cover the voids continuously. Ureolytic Bacteria (UB) was used in this study as a partial replacement of limestone water with percentage of 1%, 3% and 5%. Enrichment process was done in soil condition to ensure the survivability of UB in ICEB environment. This paper evaluates the effect of UB in improving the strength and water absorption properties of ICEB and microstructure analysis. The results show that addition of 5% UB in ICEB indicated positive results in improving the ICEB properties by 15.25% in strength, 14.72% in initial water absorption and 14.68% reduction in water absorption. Precipitation of calcium carbonate (CaCo3) in form of calcite can be distinguish clearly in microstructure analysis

Corporate Governance for Banks in Pakistan : Recent Developments and Regional Comparisons

The emerging economies in the South Asian region have embarked on a bold reform process to develop the banking sector. This development has improved the transparency and accountability of the banking sector because these countries focused on best practice corporate governance for banks. In view of a rapidly developing market with a slow pace of information dissemination, adverse selection and moral hazard problems are likely to be on the rise and may need a mechanism to train and discipline bank management. It was, therefore timely for the central banks in the region to introduce a best practice for the banking system as a whole. This study provides a survey of recent developments in corporate governance of the banking sector in Pakistan and a comparison of similar developments in two other regional economies, namely, India and Bangladesh. In addition to a theoretical discussion on this issue, we also provide an overview of the banking sector restructuring and highlighting important features of the codes of corporate governance established by central banks in the sample countries. In conclusion, we present a comparison of the major differences in these measures across countries and comment on the pace of these developments.Banking, Corporate governance, banking sector restructuring

Spontaneous Emission Enhancement of CdSe Quantum Dots Embedded in a Two-dimensional Photonic Crystal L3 Nanocavity

Two-dimensional photonic crystal nanocavities were designed to tailor cavity quantum electrodynamics. Enhancing the spontaneous emission of low-quality factor nanocavity with embedded CdSe quantum dots (QDs) emitters is the aim of this study. Low concentration layer of CdSe QDs was sandwiched between two layers of Si2 N3 membrane using plasma-enhanced chemical vapor deposition. The modification rate in spontaneous emission of L3 nanocavity up to 2.3-fold has been observed at 629.5 nm in compare to bare cavities. High field confinement in the sub-wavelength regime became an interest field for quantum electrodynamics applications and good platform to study light matter interactions