Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.

Kazakhstan has made considerable progress in shifting from command to a market economy. The transition process towards a “market economy was expected to enhance the economic performance” of the country which in turn was anticipated to uplift the life of a common man. This study, therefore, aims“ to examine the impact of economic freedom on economic growth” of Kazakhstan. The results indicate that though the reform process of Kazakhstan is in a transition phase, yet economic freedom has contributed positively“ towards the economic growth” of the country.“The results also indicate that in sub-indicators of economic freedom, monetary freedom” and protection of property right have contributed to the growth of Kazakhstans economy while an increase in government size impedes the economic growth of the country."

Since the reform movement of the Muslim World from the midnineteenth century, many Islamic Financial institutions have been established. Subsequently, in 2001 the first Islamic banking policy was issued by the State bank of Pakistan and thereafter, Pakistan has faced many commercial, accountability and regulatory challenges in transforming the economy into an Islamic Economy. In this study, we find out whether the development of the Islamic Economy has fostered moral values in investors. This study, hence, aims to discuss the foundamental issues in moral values behind an investment decision while taking in account some personal factors influencing investment decisions. Data has been collected with the help of a questionnaire, where its reliability is confirmed by Cronbach Alpha, followed by correlation and multiple Regression tests. The results show a significant role of certain moral factors in investment decisions.

Development' is a political project which is based on a principle of reducing inequalities and poverty. It is a centuries-old concept that is deeply rooted in the history of economic thoughts.From the age of mercantilism to the liberal and neoliberal context, the nature of development has changed drastically. From 1945 to the 1970s, there was a popular liberal model of development under the slogans of 'rightto development. The liberal nature of development tuned into conservatively camouflaged neoliberal development in the 1980s protected by the world bank structural adjustment program. In neoliberal development facade, the development process is emptied from welfarist.Development without welfare and development for underdevelopment are the main characteristics of neoliberal development. This paper is an exploration of the political economy of development, which means development to whom? Through a qualitative approach, it is found that neoliberal forces benefited from CPEC developmental project. The political economy of CPEC is a complex phenomenon that is linked with development, investment, technology, and human resources.

There are multiple challenges to CPEC,and one amongst many is developmental-ism. In developmental-ism, the idea of development is imposed on the masses without their consent.This paper is an attempt to analyze selected challenges to CPEC along with developmental-ism. The socialization o fdevelopment plans and infrastructure with a social cause tocreates multiple challenges and opportunities. The questions whether a CPEC being a development plan can meet emerging challenges in politics and development? How does CPEC address these challenges? The present study explains the various challenges related to CPEC as a game-changer developmental project. The major challenges are strategic impacts of CPEC on Pakistan, profit rate charged by China on loans regarding CPEC, its effects on Pakistan's balance of payment, environmental issues, security costs, regional and international impacts, etc. The internal and external challenges are also shaping potential threats to mount pressure on the development projects of CPEC, which cause undermine the economic interests of different actors in the region

The study focuses on China Pakistan Economic Corridor (CPEC) as a great regional, political and economic force, which would lead the region to a prosperous future. The route of CPEC is not only a connection between Gwader and Khunjrab but it is also "a motorway of political economy" which would become a track to development and sustainable prosperity. No doubt, the route leads to cooperation in the transition of resources and increase the bilateral trade partnership but there emerge various questions. The present study provides detailed analysis of how the route connects Asia to Europe and provides access the local markets. The study further recommends that Gwadar Port is one of the shortest ways for China rather than Strait of Malacca or any other international route. At the end, based on an in-depth critical evaluation, the study recommends the strategy of boosting its Political Economy on emergency basis.

Higher education and unemployment is a substantial concern for developing countries and developed countries as well. To get the empirical evidence of the Pakistan economy, the present research is being carrying on. This study applies time series data in nature covering the period from 1985 to 2018. Assessing the long run association within the policy indicators and commuting the causality of higher education and unemployment, two different econometric techniques Johansen Co-integration and Granger Causality test is arrayed whereas the annual speed of adjustment is estimated when disequilibrium enters in the system through VECM model. The Johansen Co-integration’s test reports 5 co-integrating equations and error term reveals 3 Percent for higher education in first model which postulate speed of adjustment in case of disequilibrium. Whereas second model explains 4 co-integrated and VECM reflects The results presents that any disequilibrium transpires in short term, higher education enrollment and unemployment will be converging to equilibrium in the long run at the speed of 32 and 36 percent correspondingly. The Granger causality test’s findings imply that higher education does not affect the unemployment whereas unemployment is reported to be responsive towards higher education which means unemployed labor force again enroll for higher education to absorb capacity for new professional avenues by producing innovative and constructive ideas.

The goal of this study is to determine the link between educational and religious freedom and prosperity in 45 countries from 2009 to 2018. Using the GMM system, the researchers were able to analyze the data. They found that academic and religious freedom is associated with increased prosperity. The collaboration of religious and academic freedom is also positive, which indicates that the two factors can contribute to the increase in prosperity. The researchers introduced the term "government effectiveness" to describe the relationship between capital formation and economic prosperity. The researchers used trade openness and gross fixed capital formation as control variables. Although they have a positive impact on the overall economy, they are not able to provide a significant boost to the prosperity of low-income countries. Therefore, the researchers recommend that educational and religious freedom be included in the government's efforts to improve the economic prosperity of these countries.