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The motive of present paper was to test the predictability of equity fund performance on the basis of fund variables. In this respect, five equity fund variables were selected namely past fund performance, flow, expense ratio, age and size. The data of seventeen equity funds for the time period June 2010 to June 2017 was collected. Moreover, Arellano and Bond (1991) dynamic panel data approach was employed to examine the predictability of fund performance. Results indicated significant negative influence of past fund performance and expense ratio on future performance of equity funds, however, no significant influence of past fund flow, age and size on future performance of equity funds was found. Overall results suggest that investors can predict future performance of equity funds on the basis of past performance and expense ratio. Moreover, predictability of performance can help investors in making optimal investment decisions. This study is novel in its nature as it examined the predictability of Pakistani equity fund performance by using dynamic panel data approach. Hence the research can be extended in other types of fund operating in Pakistan.

This study aimed to investigate the role of the High performance work practices (HPWP) on Value Co creation (VCC) with mediating role of work engagement (WE). Primary data were collected based on 250 employees working in automobile sector. The data was analyzed using statistical tool like Mean, Confirmatory Factor Analysis (CFA), Structural Equation Modeling (SEM), correlation and validity analysis in SPSS v.21 and AMOS v.21. The findings of the study disguised that high performance work practices is an important factor to value co creation hence work engagement also proved to be important indicator to boost practices of employees in organization. The data collected through on site survey technique. The sample was drawn from Pakistan especially from automobile sector. Implication is first, that organizations in addition to investing in different initiatives should also invest particularly for value co creation to achieve purpose through high performance work practices in automobile sector. Second, to advance effectiveness and acceptance of work engagement in organization, manager needs to ensure employee is integral part of organization which will enhance their practices and value co creation for customers.

The study investigates the association of educational expenditure and income inequality with economic growth in Pakistan, by using the annual time series data from 1980 to 2019. The ARDL bound testing co-integration approach confirms that there is long run relationship between the variables. The study includes economic growth as dependent variable whereas, education and income inequality as repressors. The results indicate that education is positively and significantly correlated with economic growth. While income inequality is negatively and significantly correlated with economic growth in long run and short run. According to the finding it is recommended that development in education sector is efficient policy to increase Economic growth and to improve the income distribution in Pakistan.

This paper examines how the economic growth of different sectors affects poverty in Pakistan uses the time series data over the period 1973-2016. The ARDL co-integration approach has been applied to investigate the impact of sectoral growth on aggregate as well as disaggregated poverty in the long run and short run. The results indicate that industrial growth reduces total, rural and urban poverty significantly while the performance of services sector affects the composition of poverty insignificantly. The agricultural sector growth has a negative impact on aggregate poverty while it has an insignificant impact on disaggregated poverty.

This paper critically evaluates the concept of Musharakah Mutanaqisah financing and its related issues. In recent years, Islamic banks and financial institutions have frequently practised Musharakah Mutanaqisah as an investment and financing tool, along with Muzarbah, Murabahah and Ijarah. Musharakah Mutanaqisah is a partnership contract between two parties, wherein one partner gradually buys the whole property. After the formation of partnership, the transaction starts and sale and purchase of the property take place between the partners. It is imperative that this buying and selling should not be stipulated in the partnership contract. Moreover, the buying and selling agreement must not be conditional to the partnership contract. The researcher concludes with a few suggestions and recommendations to improve and get acceptance of this product in future.