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Analysis of Financial Sector Reforms and Impacts: Reflections from Pakistan

Author

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  • Ali Raza
  • Muhammad Usman
  • Muhammad Akram

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.

Suggested Citation

  • Ali Raza & Muhammad Usman & Muhammad Akram, 2011. "Analysis of Financial Sector Reforms and Impacts: Reflections from Pakistan," Information Management and Business Review, AMH International, vol. 3(2), pages 91-102.
    • Handle: RePEc:rnd:arimbr:v:3:y:2011:i:2:p:91-102
    DOI: 10.22610/imbr.v3i2.921
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    References listed on IDEAS

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    1. Iimi, Atsushi, 2004. "Banking sector reforms in Pakistan: economies of scale and scope, and cost complementarities," Journal of Asian Economics, Elsevier, vol. 15(3), pages 507-528, June.
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    3. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    4. Mr. David S. Hoelscher, 1998. "Banking System Restructuring in Kazakhstan," IMF Working Papers 1998/096, International Monetary Fund.
    5. Muhammad Arshad Khan & Sajawal Khan, 2007. "Financial Sector Restructuring in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(Special E), pages 98-125, September.
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