Analysis of Financial Sector Reforms and Impacts: Reflections from Pakistan

Abstract

The purpose of this paper is to examine all efforts made by the Government of Pakistan in order to uplift the efficiency of financial sector through financial restructuring institutions such as banks, as well as to recognize the impact of these reforms on various financial indicators. Results of this study suggested that financial sector performance was very much better after the completion of first generation reforms but many new reforms are still required for macroeconomic stability and economic growth of Pakistan. This was the first attempt made by researcher in which detailed discussion was provided about financial sector reforms and it will help out the policy makers while developing policies for future and it will enhance the knowledge of economists and all other beneficiaries as well. Moreover, discussion for further reforms and gap for future studies was also provided.

Islamic Financing Portfolio and its Comparative Growth Potential

“…However, considering the viability, customer perception change and potential growth prospects, even conventional banks are now operating Islamic banking windows. It can be considered a remarkable success and achievement of Islamic banking as compared to the conventional banking sector (Akram et al, 2011).…”