ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 2, Number 2, July 2004


Development of TFC Market in Pakistan: Challenges and Prospects
Abdul Majid Yousfani - Central Board of Revenue, Karachi, Pakistan
S. Asad Hussain - SZABIST, Karachi, Pakistan


Abstract
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.

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