SEARCH ARTICLE

05 Pages : 54-73

http://dx.doi.org/10.31703/gssr.2018(III-III).05      10.31703/gssr.2018(III-III).05      Published : Sep 2018

Food Price Subsidy and its Effects on Poverty in Khyber Pakhtunkhwa, Pakistan

    We estimate the effect of food price subsidy on poverty in Khyber Pakhtunkhwa, Pakistan in this paper. The study uses Linear Approximate Almost Ideal Demand System for the estimation of compensated and uncompensated price and expenditure elasticities of food using Household Integrated Economic Survey. The estimated own and cross price Hicksian elasticities are used for estimating the changes in the quantity of food consumed, expenditure on food and its effect on poverty. The study uses two recent available poverty lines for estimation, showing that the scheme of food price subsidy increase real income of the households which has a decreased poverty state. The analysis shows that the subsidy program marginally decreases poverty in the province. The study recommends targeted food price subsidy for poverty alleviation and eradicating chronic hunger.

    Food subsidy, poverty, LA-AIDS, Pakhtunkhwa, Pakistan
    (1) Sajjad
    PhD Scholar, Department of Economics, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.
    (2) Zahoor Ul Haq
    Professor and Dean, Department of Economics, Abdul Wali Khan University Mardan, Mardan.
    (3) Zia Ullah
    Assistant Professor, Tourism and Hospitality, Abdul Wali Khan University Mardan, Mardan, KP,Pakistan.

07 Pages : 94-129

http://dx.doi.org/10.31703/gssr.2018(III-III).07      10.31703/gssr.2018(III-III).07      Published : Sep 2018

Government Sector Performance of Pakistan, South Asia and 34 OED Countries-International Policy Issues in the Contemporary World

    The paper focuses on the various aspects especially as globally accepted fact is that social and key economic indicators are influenced by the government activities. Public Sector Performance and efficiency reflect government priorities. The paper evaluates the public sector performance of Pakistan by calculating the Public Sector Performance Index based on seven indicators and these seven indicators are further classified into two broad groups. Many international studies have carried out the performance evaluation of public sectors of industrialized countries missing the public sector performance of Pakistan with other countries. With the aim, Public Sector Performance of Pakistan was compared with countries of South Asia and some developed countries. The research analyzes the public sector performance indicators of countries to calculate the overall performance. The paper aims to compare public sector performance of Pakistan with South Asian Countries and members of Organization of Economic Cooperation and Development (OECD), which currently includes 34 Countries.

    Performance Indicator, Public Sector, Performance Evaluation, OECD, Pakistan
    (1) Muhammad Zia Ur Rehman
    Assistant Professor, Department of Leadership and Management Studies, National Defence University, Islamabad, Pakistan.
    (2) Ahsan Rafiq
    Research Scholar, Department of Leadership and Management Sciences, National Defence University, Islamabad, Pakistan.
    (3) Waseem Ishaque
    Assistant Professor, Department of International Relations, National Defence University, Islamabad, Pakistan.

10 Pages : 158-174

http://dx.doi.org/10.31703/gssr.2018(III-III).10      10.31703/gssr.2018(III-III).10      Published : Sep 2018

Pakistani Firms' Efficiency: An Empirical Study of Pakistan Stock Exchange through Data Envelopment Analysis

    This paper investigates listed firm efficiency on Pakistan Stock Exchange by using Data Envelopment Analysis (DEA). The reason for application and calculation of the DEA score is to know how much the firms are efficient in utilizing their resources to be converted into output (sales/Net Income). An optimization technique (DEA) that helps calculate efficiencies of firm’s decision making Units (DMU’s) by taking different inputs and outputs variables. This paper uses DEA in measuring efficiency of 136 Pakistani firms listed on Pakistan Stock Exchange (PSX). Using secondary data set of 136 firms for the period 2008-2017, efficiency measurements are calculated by using financial ratios and financial indicators as input and output variables. Results show that some of the firms are efficient in utilizing their available resources in an efficient way to convert it into output, while some are inconsistent in efficiently utilizing their resources (inputs) to get the desired outputs.

    Data Envelopment Analysis, Overall Technical Efficiency, NonFinancial Sectors, Pakistan Stock Exchange (PSX)
    (1) Muhammad Nisar Khan
    PhD Scholar, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.
    (2) Adnan Ahmad
    Assistant Professor, IBL, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.
    (3) Noor Jehan
    Assistant Professor, Department of Economics, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.

16 Pages : 281-299

http://dx.doi.org/10.31703/gssr.2018(III-III).16      10.31703/gssr.2018(III-III).16      Published : Sep 2018

Impact of Market Risk on Credit Risk of Subsequent Period in Manufacturing Sector of Pakistan

    Firm's business activities are focused on profit making. The cultural, technological, organizational, financial and operational challenges followed by different risks like market or credit risks make it difficult for firms to focus on their sole aim of earning profit. Previous studies have highlighted that market risk and credit risks have a significant influence on firm's performance. However, prediction of credit risk from market risk has not been explored in Pakistan which this paper attempts by investigating the impact of market risk on credit risk of the following period. For this study, a panel data of 30 manufacturing firms was collected through random sampling technique from period 2005 to 2016. A regression model was estimated in Generalized Method of Momments and used a Hausman test to select fixed or random effects. Results of this study show that firms have 30% more current liabilities as compared to current assets and experience volatility in stock prices which increases the credit risks. However, research findings shows that firms have reasonable growth opportunities and profitability they can be used to reduce stock volatility and attain confidence of creditors in firms. The increase in leverage due to creditor's confidence in firm indicates a decrease in credit risk. Overall the study shows the significantly negative impact of market risk on credit risk of the subsequent time period which specifies market risk may foresee credit risk of the following period and gives a new understanding for investors and policymakers to curb risks in investment decisions.

    Market Risk, Credit Risk, Pakistan Stock Exchange, financial statements
    (1) Munawar Shabbir
    PhD Scholar, Department of Leadership and Management Studies, National Defence University, Islamabad, Pakistan.
    (2) Shazia Hassan
    Assistant Professor, Department of Leadership and Management Studies, National Defence University, Islamabad, Pakistan.
    (3) Ayesha Zareef
    Lecturer, Department of Leadership and Management Studies, National Defence University, Islamabad, Pakistan.

22 Pages : 395-409

http://dx.doi.org/10.31703/gssr.2018(III-III).22      10.31703/gssr.2018(III-III).22      Published : Sep 2018

Institutional Mapping and Political Economy of DRR: A Case Study of Azad Jammu and Kashmir (AJK)

    This paper aims to analyze the institutional framework in Pakistan for disaster management and specific disaster management policies. This paper is also designed to develop an in-depth understanding of the key challenges that the communities of Azad Jammu and Kashmir, Pakistan face in the wake of constantly reoccurring disasters. House-hold survey, observations and key informant interviews were conducted to analyze the preparedness, both at community and organizational levels. The findings point out that disaster management policies and mechanisms regarding preparedness are not implemented by both federal and state authorities at local level. Further, the local communities of AJK, Pakistan are susceptible to different kind of hazards related to disasters. The paper reveals that available federal/state mechanism of disasters do not meet the needs of community. All of the stakeholders including federal government institutions, state government institutions and local communities are not prepared. Thus, communities are continuously getting affected by natural disasters. The paper suggests that there is a dire need to improve the coordination between state and national agencies. Further, there is need to enhance community preparedness specifically in AJK, Pakistan to upgrade community's defensive and awareness mechanism to safeguard citizens' lives in response to seismic emergency.

    Disaster Management, Natural Disasters, Community Preparedness, Community Planning, Pakistan, Azad Jammu & Kashmir
    (1) Muhammad Waqas Idrees
    PhD Scholar, Department of Government and Public Policy, National Defence University, Islamabad, Pakistan.
    (2) Muhammad Bashir Khan
    Head of Department, Department of Government and Public Policy, National Defence University, Islamabad, Pakistan.

23 Pages : 410-430

http://dx.doi.org/10.31703/gssr.2018(III-III).23      10.31703/gssr.2018(III-III).23      Published : Sep 2018

Copy Writing Elements and Brand Relationship: An Analysis of Print Advertisements' Language

    Language and advertising are interconnected and play a significant role in communicating a message directly or indirectly. Direct roles concern buying decisions of the consumers while indirect roles establish a lasting relation of consumer with the brand. This research studies the language of copywriting of advertising focusing its role in developing consumer-brand relationship. The research uses mix of quantitative and qualitative methods based on the framework of Laswells model of communication. The study uses content analysis for examination of the language of print advertisements and the consumer brand relationship. Survey is used as method of data collection from magazines including Akhbar e Jahan and MAG published by Jang group of newspapers. The study finds that figurative language style is used more in Pakistani print advertisements in comparison to literal language. Moreover, the results prove that the copy writing of print advertisements does play a significant role in developing consumer-brand relationship.

    Linguistic Analysis, Advertising Language, Figurative Language, Copy Writing, Print Advertisements, Brand Relation, Pakistan, Quantitative and Qualitative Method
    (1) Anjum Zia
    Associate Professor, Department of Mass Communication, Lahore College for Women University, Lahore, Punjab, Pakistan.
    (2) Nayab Javed
    MS Scholar, School of Media and Communication, Beacon House National University, Lahore, Punjab, Pakistan.
    (3) Muhammad Bilal
    Research Scholar, Department of Media Sciences, Riphah International University, Islamabad,Pakistan.

34 Pages : 573-594

http://dx.doi.org/10.31703/gssr.2018(III-III).34      10.31703/gssr.2018(III-III).34      Published : Sep 2018

Work- Family Conflict and its Impact on Job Performance of Female Teachers of Frontier Education Foundation Girls Colleges of Khyber Pakhtunkhwa

    The study investigated family interference with work conflict (FIW) among female teachers based on selected demographic variables and its impact on their job performance; with job performance as the dependent variable and FIW the independent variable. The data was gathered from 295 female teachers from fifteen FEF girls’ degree colleges across Khyber Pakhtunkhwa through a survey questionnaire of 42 closed-end items on five-point Likert scale. Of the total 295 teachers, 220 respondents including 177 married and 43 unmarried returned the questionnaire. The findings divulged that the teachers faced FIW with different magnitude based on various demographic factors and has an adverse impact on their job performance. The findings are useful for researchers, policy makers, teacher and employers as they give an insight into the female teachers’ problems in their efforts of balancing their roles in family and work domains.

    Work-family Conflict, College Teachers, Job Performance, Pakistan, KPK
    (1) Farid Ullah Khan
    Assistant Professor, Institute of Education & Research, Kohat University of Science & Technology, Kohat, Pakistan.
    (2) Waqar Un Nisa Faizi
    Assistant Professor, Department of Education, Islamia College Peshawar.
    (3) Muhammad Naseer Ud Din
    Associate Professor, Institute of Education & Research, Kohat University of Science & Technology, Kohat, KP, Pakistan.

36 Pages : 611-628

http://dx.doi.org/10.31703/gssr.2018(III-III).36      10.31703/gssr.2018(III-III).36      Published : Sep 2018

Politics of Developmental Cooperation: Mechanism of Cooperation on CPEC

    China-Pakistan Economic Corridor is a strategic game-changer development projects both for China and Pakistan with varying interests.For the successful implementation of CPEC, various cooperation mechanisms were signed between China and Pakistan. This cooperation mechanism has been perceived differently by different stakeholders. The mechanism of cooperation seems like a complex phenomenon due to the interest articulation and contradictions of the capitalist model of cooperation. Moreover, cooperation also needs adaptation to produce and reproduce capital in the case ofCPEC related projects. An attempt has been made in this paper to explore the mechanisms of cooperation on CPEC.Who is benefiting from this cooperation? And how this cooperation mechanism is being translated into a project of game-changer.' In a capitalist structure, the control over means of production and private ownership creates a nature of competition protected by existing institutional arrangements to strengthen a structure of profiteering.Cooperation is totally opposite to competition, and primarily it depends on the socialistic principle of sharing and caring.

    Developmental Cooperation, Politics, CPEC, Pakistan, China
    (1) Muhammad Shakeel Ahmad
    Assistant Professor, Centre for Policy Studies, COMSATS Institute of Information Technology- Islamabad. He worked as Post-Doctoral Fellow, School of Politics and International Relations, The University of Nottingham United Kingdom (UK).

45 Pages : 662-671

http://dx.doi.org/10.31703/gssr.2018(III-IV).45      10.31703/gssr.2018(III-IV).45      Published : Dec 2018

CPEC and Politics of Infrastructural Development

    China-Pakistan's economic corridor provides a strategic link to Belt and Road Initiatives (BRI) and its global outreach. The infrastructural connectivity between China and Pakistan is primarily focused on the trade route to get access in the markets of theMiddle East, Europe, and Africa. In the context of CPEC,what does infrastructure mean? What does it reflect/represent? And to whom is it? Are the major questions that have been explored in this paper.Infrastructural development encompasses a holistic social sphere that relates to physical and institutional structures. It also facilitates the flow of commodities, including capita land sources of production. After the 9/11 incident, Pakistan became a front line state against the war on terror; then, its internal and external factors compelled Pakistan towards Chinese-led infrastructural development to consolidate State power. This paper is an attempt to explore the politics of infrastructure development in the context of CPEC. The findings are based on empirical evidence with strong insights from a theoretical framework. Positivist, post positivist, and critical approaches have been used to explore the relationship between CPEC and the politics of infrastructural development.

    Infrastructure, CPEC, BRI, Pakistan, China
    (1) Muhammad Shakeel Ahmad
    Assistant Professor, Centre for Policy Studies, COMSATS Institute of Information TechnologyIslamabad, Pakistan

01 Pages : 1-16

http://dx.doi.org/10.31703/gssr.2018(III-IV).01      10.31703/gssr.2018(III-IV).01      Published : Dec 2018

Nation-Building in the Developing States: A Case Study of Pakistan

    This research concerns the process of nation-building in developing states with a focus on Pakistan. The study explores hurdles in the process of nation-building in Pakistan. In this connection, the study takes into account key political disparities such as uneven representation of various ethnic groups and regions in legislature and provincial assemblies, state-led cosmetic political reforms and feudalism and biradri-based political system that exist in various administrative units (and their tiers) of the state. The study also highlights the major administrative flaws and demographic shifts and divisions that are hampering the process of nation-building in Pakistan. The research also details the economic disparities found in various forms and at various levels in the state which minimize the prospects of nation-building in Pakistan. The study concludes that nation-building is always a state-controlled process and Pakistan has hardly addressed various hindrances in nation-building process such as political, demographic, administrative and economic issues of the various administrative units (and their tiers) as a state.

    Nation-building, State-building, Demographic, Pakistan, Administrative Flaws.
    (1) Husnul Amin
    Executive Director,Iqbal International Institute for Research and Dialogue,International Islamic University, Islamabad, Pakistan.
    (2) Maryam Siddiqa
    Lecturer, Iqbal International Institute for Research and Dialogue, International Islamic University, Islamabad, Pakistan.
    (3) Lubna Batool
    Lecturer, Department of Political Science, University of Gujrat, Gujrat, Punjab, Pakistan.