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Current Issue October, 2025
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S.No. Title Authors Pages Download
1

The Impact of Shariah Governance on Sustainable Financial Performance in Islamic Banks: Moderating Role of Insider Ownership and Institutional Ownership

This study investigates the impact of Shariah governance on the sustainable financial performance of Islamic banks in Pakistan, with insider and institutional ownership examined as moderating factors. Drawing on stakeholder and agency theory, the analysis uses panel data from 22 Islamic banks over the period 2014–2023, applying ARDL models, correlation, and Granger causality tests. Performance was assessed from three perspectives: management efficiency (ROAA), shareholder returns (ROAE), and market valuation (Tobin’s Q). The results reveal that strong Shariah governance enhances operational and shareholder performance but has limited influence on market valuation, suggesting that investors may undervalue governance quality. Insider ownership shows mixed effects, aligning managerial incentives with shareholders yet undermining market confidence, while institutional ownership consistently strengthens governance performance linkages. These findings highlight the importance of substantive, rather than symbolic, Shariah governance and balanced ownership structures in driving long-term sustainability. The study offers practical insights for regulators, managers, and investors as Pakistan transitions toward a fully interest free financial system.
Keywords: Performance, Shariah Governance, Corporate Governance, Banks, Islamic.
LAIBA MANZOOR, ZUBAIR ARSHAD, NEELAM BANO and HINA HAFIZ 1-14 Details (50)
2

Exploring the Relationship between Death Anxiety, Psychological Distress, Family Social Support in Patients with Hepatitis C

Hepatitis C, a chronic and potentially life-threatening illness, often evokes profound emotional responses in affected individuals. The aim of the present study was to explore the relationship between death anxiety and psychological distress in patients with Hepatitis C. This study also sought to examine the moderating role of family social support in the relationship between death anxiety and psychological distress. A cross-sectional, purposive sampling technique was employed, involving 240 Hepatitis C patients recruited from government and private hospital settings. Standardized scales were used: the Death Anxiety Scale to measure death anxiety, the Scale of Psychological Distress to measure psychological distress, and the Scale of Family Functioning to measure family social support. Correlation and regression analyses were conducted to examine the associations among these variables. Findings revealed a positive correlation between death anxiety and psychological distress, suggesting that a greater fear of death is associated with higher levels of emotional strain. In addition, family social support was found to be negatively correlated with both death anxiety and psychological distress, indicating a buffering effect in managing emotional challenges. These results underscore the importance of family-centered care in addressing the psychological aspects of Hepatitis C. Strengthening family support systems may serve as a protective factor against death anxiety and psychological distress, ultimately improving the quality of life for affected patients.
Keywords: Death Anxiety, Psychological Distress, Family Social Support, Patients with Hepatitis C, Life-Threatening Illness.
AMENAH DAR and RIZWANA SAMREEN 15-25 Details (26)
3

Unlocking Maritime Potential: The Significance of Ports in Pakistans Seaborne Trade

This study explores the critical role of seaborne trade in Pakistan’s economic development, focusing on its contributions to GDP growth, employment generation, and foreign exchange earnings. Located at the intersection of South Asia, the Middle East, and Central Asia, Pakistan occupies a strategically vital position along the Arabian Sea, facilitating significant maritime connectivity with global markets. It analyzes major trading partners, principal seaports, and the maritime routes that form the backbone of the country's external trade. The research highlights the importance of maritime commerce as a cornerstone of Pakistan’s economic framework and highlights its untapped potential for expansion. Adopting a qualitative approach, the study advocates for integrated policy measures to overcome existing challenges and capitalize on emerging opportunities, ensuring that maritime trade continues to serve as a dynamic driver of Pakistan’s engagement with the global economy.
Keywords: Maritime Trade, Economy, Ports, South Asia, Gwadar.
MARYAM AZAM and SANA ALAM 26-37 Details (53)
4

Parental Self-Efficacy and Cultural Context as Mechanisms of Speech and Language Development: A Cross-Cultural Mixed-Methods SEM-NVivo Integration in Pakistan, China, and Spain

The evolution of the speech and language is gradually accepted as a complex process predetermined by an intricate relationship between biological, socioeconomic, cultural, and family factors. Nevertheless, several eligible studies are still left to be substantiated with the lack of evidences related to culturally diverse and low- to middle-income countries. To fill this gap, this paper will examine the direction of paths between biological risks, socioeconomic status (SES), environmental and cultural factors and child outcomes such as language competence, psychosocial adjustment, and academic performance based on two critical mediatory factors, parental self-efficacy (PSE) and cultural context (CC). It was a hybrid study that used a mixed methodologies approach, i.e., Structural Equation Modeling (SEM) with qualitative validation. A total number of 500 participants were used to obtain qualitative and quantitative data in Pakistan, China and Spain, and a sample of 150 participants was used to collect qualitative data in the form of interviewing of 150 parents, teachers and clinicians. The Smart-PLS 4.0 tested the hypotheses with respect to 5,000 bootstrap samples and processed the analytical insights regarding qualitative themes with NVivo 14. The structural model demonstrated robust explanatory power (R² = 0.534–0.623) and predictive accuracy (Q² = 0.298–0.381). Among predictors, socioeconomic status (β = 0.194–0.231) and cultural and educational context (β = 0.192–0.219) emerged as the strongest positive influences on child development outcomes. Conversely, biological risk factors (β = –0.098 to –0.112) and environmental or behavioral stressors (β = –0.087 to –0.095) negatively affected outcomes. PSE has a decisive role as a mediator since it appears to clarify 2532% of the total effect (VAF). Cultural context significantly moderated these relationships, being most pronounced in Spain (β = 0.21–0.28), moderate in China (β = 0.12–0.19), and comparatively weaker in Pakistan (β = 0.08–0.15). These patterns of quantitative results were supported by the qualitative results, which determine that sociocultural values, parenting norms, and environmental expectations influence a way PSE is translated into the child language and behavioral competencies. This analysis is the initial COMBIMETHOD synthesis of SEM with NVivo analysis of cross-cultural child growth studies that will be very effective towards theory to context translation. Enhancing guided parental self-efficacy with culturally-adjusted interventions is one of the evidence-based avenues that decrease developmental risks and endorse the best language and psychosocial performance in diverse cultural environments.

Keywords: Parental Self-efficacy, Cultural Context, Socioeconomic Status, Speech and Language Development, Mixed-methods.
SADAF IDREES, GHULAM MUSTAFA KHAN NIAZI, GHULAM MUSTAFA and MUHAMMAD AAMIR MAHMOOD 38-66 Details (27)
5

The Evolution of US Indo-Pacific Strategy: From the Pivot to Asia to the Free and Open Indo-Pacific

The research aims to examine the evolution of the United States‟ Indo-Pacific strategy from the Obama administration‟s “Pivot to Asia” through Trump‟s “Free and Open Indo-Pacific” (FOIP) to the Biden administration‟s comprehensive Indo-Pacific framework, and its manifestations. The study analyzes the geostrategic significance of the Indo-Pacific as the primary theater of great power politics that is characterized by critical maritime routes, economic dynamism, and the rise of China as a regional challenger. The paper discusses how successive US administrations have pursued overlapping yet distinct approaches. Obama emphasized multilateral diplomacy and economic integration while Trump prioritized security competition, alliance strengthening, and defense pacts to counterbalance China. Biden reinforced multilateral engagement, economic frameworks like the Indo-Pacific Economic Framework for Prosperity (IPEF), and a renewed focus on maritime security. Despite variations in emphasis, a clear continuity emerges in the US commitment to sustaining its leadership role, preserving a rules-based international order, and ensuring freedom of navigation in the Indo-Pacific. The findings suggest that US strategy in the region is both adaptive and enduring that reflects the Indo-Pacific‟s centrality to global power transitions and the shaping of the emerging world order.
Keywords: Indo-Pacific, Great Power Politics, Maritime, Rules-based International Order, Freedom of Navigation.
AHSAN SAEED, ANEES MUHAMMAD KHAN and SABAHT KHURSHID 67-82 Details (30)

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