Institute of Business Management, Karachi, Pakistan: Journal Management System
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RELATIONSHIP BETWEEN BILINGUAL INSTRUCTION AND LEARNERS’ PERFORMANCE IN ENGLISH AS SECOND LANGUAGE CONTEXT
The prime purpose of this study was to explore a correlationbetween bilingual instruction in an ESL class and the classperformance of the ESL learners at the secondary level. Quantitativeresearch method was used to evaluate the test performance of 60 ESLlearners divided into two groups: One was the controlled group (whichwas given instructions in L2 only) and the other was the treatmentgroup (which was given instructions in both L1 and L2) in PublicSchool settings. Apart from the students, 15 language teachers’ feedbackupon their perceptions of L1 usage in L2 classrooms was takenby using the Likert scale feedback forms. The results confirmed thatthe instructions given bilingually are directly associated to improvedlearner outcomes and teachers’ responses for the usage of L1 inclassrooms showed a strong positive response
A Comparative Analysis of Economic Efficiency of Conventional and Islamic Insurance Industry in Pakistan
In this study Data Envelopment Analysis (DEA) and Ratios Analysis are applied to find the economic efficiency of conventional and Islamic insurance sector in Pakistan over the period from 2006 to 2011. The average cost efficiency through DEA of Islamic insurance sector was recorded 75 percent, while the average of conventional was 67 percent. The average allocative efficiency of Islamic was 77 percent while 67 percent for conventional insurance which is the main contributor to the cost inefficiency of both type of firms. Thus, through DEA economic efficiency of Islamic insurance sector is better than its conventional counterpart. The results of efficiency through ratios analysis indicate that on average the efficiency of conventional insurance companies is better than that of Islamic insurance companies. Being new entrants in the market the profitability of Islamic insurance companies was not good, therefore the economic efficiency of conventional insurance is better than that of Islamic insurance industry over the period of analysis by ratios analysis
Can Momentum Portfolios Earn More in the Karachi Stock Exchange?
In this study, we attempt to show empirical evidence of momentum profits in Karachi Stock Exchange (KSE) using monthly stocks returns data of 609 stocks over the period June 2004 to March 2014. Using Jegadeesh and Titman (1993) methodology, we find that investors can earn positive returns by holding a zero-investment momentum portfolio i.e. buying past winners stocks and selling past losers stocks. These results are robust to excluding small stocks (share price< PKR 5) as well as to using different sample periods. Further research in this area might consider factors such as risk, size, liquidity, book-to-market value, transaction costs, and trading volume to see which of these factors can explain momentum profits in KSE
Science Education: Issues, Approaches and Challenges
In today’s global education system, science education is much morethan fact-based knowledge. Science education becomes meaninglessand incomprehensible for learners, if the learners are unable to relateit with their lives. It is thus recommended that Pakistan, like manyother countries worldwide should adopt Science Technology Society(STS) approach for delivery of science education. The purpose of theSTS approach lies in developing scientifically literate citizens who canmake conscious decisions about the socio-scientific issues that impacttheir lives. The challenges in adopting this approach for Pakistan lie infour areas that will completely need to be revamped according to STSapproach. These areas include: the examination system; science textbooks;science teacher education programs; and available resourcesand school facilities
PORTFOLIO DIVERSIFICATION IN THE KARACHI STOCK EXCHANGE
Investment in stocks and expected return from such investment always comes with risk. Financial economists and financial analysts have been working for years to find ways to minimize risk. What all financial analysts believe is that creating well-diversified portfolio can minimize risk. Fama (1976), Elton & Grubber (1977), Evans & Archer (1968) and many other analysts have shown that well-diversified portfolios can actually minimize risk and have suggested the minimum number of stocks required for a well-diversified portfolio. In this paper portfolio diversification theory is applied for the investors investing in the Karachi Stock Exchange. Fifteen (15) securities were randomly selected and equally weighted portfolios were created. Standard Deviations for all portfolios were calculated and the results were analyzed. The study concluded that a portfolio of 10 stocks can diversify away significant amount of risk
Investing in Education: Pakistan as a Traditional Society in a Modern World
Developing countries have seen a direct influence of foreign playerson their educational policies. This influence of foreign players on thePakistani educational policy has been direct and prominent after 9/11attacks. This paper looks into the effectiveness of money spent by thedonor nations to malign the effect of Islamization in the Pakistanisociety. This research was conducted taking into consideration theideas that investment in the Pakistani education sector by foreigndonors have not westernized the Pakistani youth and that there is nodifference between the perception of the Pakistani youth and theirparents with regard to culture and religion. The sample selectedconsisted of 120 youngsters aged between 16 to 18 years of age.A questionnaire consisting of 17 yes/no questions was used tocollect the required data. The results from the research showed that thefamily structure in Pakistan was half way between traditional andwestern. There were certain things that the Pakistani youth understoodas an essential part of their lives, and there was no compromise on thetraditional values, whereas there were other things that the youthconsidered less important and these were steadily disappearing fromtheir set of traditional values
DETERMINANTS OF MANUFACTURED GOODS EXPORTED FROM PAKISTAN:
This study determined the impact of foreign direct investment (FDI) along with other factors on exports of manufactured goods in Pakistan. The study employed time series data from 1990 to 2010. We applied ARDL approach to estimate the determinants of manufactured goods exported from Pakistan. Results showed that FDI, agriculture value added and technology have positive and significant impact on manufactured exports of Pakistan, while real effective exchange rate showed in negative and significant impact on manufactured exports from Pakistan. So, better environment for attracting FDI, investing in agriculture, value addition and introducing the latest technology in the country would further improve the exports of manufactured goods from the country