Atmospheric condition which remains for some days is called weather, whereas, if such condition prevails for a season, decade or a century, it is termed as climate. To keep the pace of growth fossil fuel has been used in order to meet the energy requirement. However, fossil fuel adds some gases in the atmosphere which are altering the climate with the passage of time.

Climate change and its impact on agricultural production is being debated in economic literature in context of different regions. The geographical location of Pakistan is assumed to be vulnerable to climate change. Concentration of greenhouse gases (GHGs) like carbon dioxide, methane and nitrous oxide through human activities has altered the composition of climate. These gases have increased temperature on earth by trapping sun light. This higher temperature in tropical regions may negatively affect the growth process and productivity of wheat. This study aims to look at the impact of climate change on wheat production in Pakistan. The study uses Autoregressive Distributed Lag (ARDL) model to evaluate the impact of global climate change on the production of wheat in Pakistan. The study considers annual data from 1960 to 2009. On the basis of this historical data the study tries to capture the impact of climate change on wheat production up to now. The results of estimation reveal that global climate change doesn't influence the wheat production in Pakistan. However, on the basis of the results some appropriate adaptative measures are proposed to confront any adverse shock to wheat production in Pakistan.

This study empirically investigates the centric view of monetary policy. The study is carried out for Pakistan using annual data covering the period from 2006 to 2012. Fixed effects estimator is applied to investigate the impact of monetary policy measures on banks' loan supply. We find significant evidence on the existence of the negative relationship between monetary measures and bank loan supply. We also provide empirical evidence that monetary tightening puts more burdens on small banks as compared to large banks. Yet, we observe that during monetary tightening, aggregate lending by all the banks decreases, which consequently decreases the level of investment that affects the growth and output level of the economy. Evidence on monetary transmission is useful for developing the link between the financial and real sector of the economy. This study helps the policy makers to find different channels through which they can increase the effectiveness of monetary policy.

Islamic finance and insurance are penetrating in international markets especially after world economic crisis since 2008. This research is an attempt to analyze customers' satisfaction for the services of conventional and Islamic insurance companies in Pakistan. A modified SERVQUAL model is used to measure the service quality in the constructs of reliability, responsiveness, empathy, convenience and Sharīʻah compliance. For this purpose primary data of 400 customers, 173 from conventional and 227 from Islamic insurance companies, is estimated through propensity score matching as well as linear, non-linear and non-parametric classification techniques. The results on service quality indicate significant gap between expectation and perception of overall insurance industry. No significant difference of service quality is found between conventional and Islamic insurance companies in the constructs of reliability, responsiveness, convenience and empathy. The findings suggest a significant improvement in the service quality of conventional and Islamic insurance industry. Particularly, the conventional insurance companies need to focus on young people, private employees and lower income groups, whereas the Islamic insurance companies have to put more efforts to improve Sharīʻah compliance and to attract self-employed and higher income groups.

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