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Development of TFC Market in Pakistan: Challenges and Prospects


  • Abdul Majid Yousfani

    (Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST))

  • S. Asad Hussain

    () (Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST))


This paper discusses the need for corporate debt market in the financial structure of a country with a view to find a rationale through the use of cost-benefits analysis framework. An analysis of the corporate debt market of Pakistan has been included to develop models, identify problem areas/ factors inhibiting its growth and recommend measures for facilitating solid, sound and strong market in the country. It also includes a financial market maturity model that can be applied to the developing and emerging economies of the world.

Suggested Citation

  • Abdul Majid Yousfani & S. Asad Hussain, 2004. "Development of TFC Market in Pakistan: Challenges and Prospects," Journal of Independent Studies and Research (JISR), Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), vol. 2(2), pages 27-37, July.
  • Handle: RePEc:zab:ancoec:v:2:y:2004:i:2:p:27-37

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    More about this item


    TFC Market in Pakistan; TFC Market; TFC;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics


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