Hamid Ashraf and Frederick Cawood
The purpose of this paper is to develop a mineral policy development framework for Pakistan based on seven key elements derived from the gap analysis of Pakistan’s current…
Abstract
Purpose
The purpose of this paper is to develop a mineral policy development framework for Pakistan based on seven key elements derived from the gap analysis of Pakistan’s current framework with leading developing minerals-based economies. Pakistan is gifted with significant mineral resources that have the potential to lift its economy and bring prosperity to its citizens. For this to happen, Pakistan must formulate a mineral policy based on leading practices to attract mining investment for economic growth.
Design/methodology/approach
This paper develops a new mineral policy framework from the lessons derived from the gap analysis conducted in the first paper of this research. These lessons are called the “elements of development” which, after evaluation with the existing framework, will provide the suggested strategic fit measures for the formulation of the new mineral policy framework for Pakistan.
Findings
A new mineral policy framework is proposed based on seven key enablers, namely, institutional framework, stable political economy, legal framework, regulatory framework, fiscal framework, stakeholder participation and sustainable development. A new organisational structure of the Ministry is also proposed based on the generally accepted organisational structure of tiers, implementation and regulatory bodies.
Practical implications
The key constraints for Pakistan’s mineral sector are as follows: the sector is lacking an enabling institutional framework for efficient access to mineral resources and lacks an enabling fiscal and regulatory framework including secure mineral rights system for mining to enhance the economic attractiveness of the sector.
Originality/value
This paper presents original work on the development of a new mineral policy framework for Pakistan to extract maximum benefit from its mineral resources.
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Hamid Ashraf and Frederick Cawood
The purpose of this paper is to present an implementation plan for the new mineral policy development framework and mining cadastre system for Pakistan, which was developed in the…
Abstract
Purpose
The purpose of this paper is to present an implementation plan for the new mineral policy development framework and mining cadastre system for Pakistan, which was developed in the first two papers of this series.
Design/methodology/approach
This paper presents an implementation plan based on three fundamental building blocks, namely, implementing an enabling institutional framework and other key elements of mineral policy framework (building block 1); mineral database and mining cadastre system (building block 2); and monitoring and evaluation (building block 3).
Findings
A new Ministry of Mineral Development (MMD) is suggested to be developed. A Mineral Development Advisory Committee (MDAC) is also suggested to be constituted under the Ministry of Planning and Development to oversee the development of the new MMD and to implement the actions suggested in the mineral policy development framework. The MDAC will implement the seven key elements of mineral policy development framework.
Practical implications
The design schema of PakMining Cadastre System for secure mineral rights system to attract local and foreign investments is presented. The implementation of institutional reforms, constitution of Mining Cadastre Directorate and implementation of other policy development frameworks is suggested for enabling environment. A comprehensive account of implementation and monitoring strategy is devised to be followed initially by the advisory committee and then by the MMD.
Originality/value
This paper presents original work on the implementation plan for a new mineral policy framework and mining cadastre system for Pakistan to extract maximum benefit from its mineral resources.
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Hamid Ashraf and Frederick Cawood
The fundamental purpose of this research is to compare Pakistan’s mineral policy instrument with that of leading developing minerals-based economies and to highlight the gaps…
Abstract
Purpose
The fundamental purpose of this research is to compare Pakistan’s mineral policy instrument with that of leading developing minerals-based economies and to highlight the gaps. Mineral resources development can act as an engine for country growth and have the potential to transform economies and societies. The extent to which such transformation takes place varies depending upon the method of their use.
Design/methodology/approach
This paper conducts a gap analysis between Pakistan and leading developing minerals-based economies to identify key policy gaps. Two basic principles were kept in mind with the choice of countries: first, only developing countries were considered and, second, at least two countries had to be Islamic. Eight developing countries Chile, Mexico, Brazil, Peru, India, South Africa, Kazakhstan and Turkey were selected.
Findings
The most important finding of the exercise is that Pakistan’s mineral sector is lacking an enabling institutional, fiscal and regulatory framework for the optimal development of its mineral resources.
Practical implication
Pakistan’s mineral resources have the potential to expand its economy and benefit its citizens. For this to happen, Pakistan must first establish what beneficiation is realistically expected from its mineral resources and, second, formulate a mineral policy based on leading practices to attract mining investment and aim for a sector contribution to gross domestic product of 5 per cent.
Originality/value
This paper presents original work on how Pakistan should formulate its mineral policy to extract maximum benefit from its mineral resources.
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Final results from the October 2018 parliamentary election are still emerging and point to an unexpected boost for President Mohammad Ashraf Ghani, who was previously looking…
Details
DOI: 10.1108/OXAN-DB241386
ISSN: 2633-304X
Keywords
Geographic
Topical
Ashraf Sheta, Nourhan Abdel Azim and Isaiah Adisa
The handicraft industry has been contracting in recent times because of external competition and a preference for foreign-made crafts by consumers. Kiliim,1 an Egyptian social…
Abstract
The handicraft industry has been contracting in recent times because of external competition and a preference for foreign-made crafts by consumers. Kiliim,1 an Egyptian social enterprise and lifestyle brand, has initiated the process of revival needed in the industry with modern designs of the traditional crafts (local bed covers, curtains, bedding, rugs, bathmats, cushion, throw pillows dining and living cloths). This case provides an analysis of the company, beginning with how the idea of the kilim product was conceived and the dilemma they are currently facing. Although Kiliim, with various kilim product offerings, has made significant inroads in the consumer market, it must continue to adopt innovative strategies to sustain its survival in the market. With globalisation rapidly changing the dynamics of market entry and penetration, indigenous organisations must be innovative with their product and service offerings. Suggestions are made for the sustainability of the indigenous craft industry in Egypt and Africa.
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The purpose of this paper is to examine the mediating role of work atmosphere which have a positive influence on job satisfaction. Specifically, it focuses on how supervisor’s…
Abstract
Purpose
The purpose of this paper is to examine the mediating role of work atmosphere which have a positive influence on job satisfaction. Specifically, it focuses on how supervisor’s cooperation and career growth affect job satisfaction mediating through work atmosphere in a private corporate entity.
Design/methodology/approach
To attain this objective, a research framework with a mediating variable of work atmosphere was formulated. Using measurement scales created to assess different aspects of job satisfaction, career growth, supervisor’s cooperation and work atmosphere, a survey instrument was developed to test the various relationships implied by the framework. Data (n = 325) were collected from the employees of a local chemical company in Bangladesh following convenience sampling procedure. The analysis has been done by bootstrapping procedure following structural equation modeling (SEM).
Findings
The result shows that work atmosphere has a significant mediating role in linking supervisor cooperation and job satisfaction of the employees in the organization.
Research limitations/implications
As with any study, there are limitations to the study described here. One possible drawback is the use of a single company’s employees as respondents. Second, the sample size is not very large, because respondents were observed to be negligent in filling the questionnaire provided to them. If the sample size could be increased a bit more, then the authors might have better outcomes as postulated in the paper. Nevertheless, the usual cautions about over-generalizing findings from this sample, to populations for which it is not strictly representative, apply. The sample was not randomly drawn to represent a population to which findings could be generalized. Instead, it was a convenience sample, and as such, the ability to generalize the findings very far beyond the sample is limited.
Practical implications
From a practical perspective, as a cumulative body of work on job satisfaction with mediating variable of work atmosphere emerges, the authors will be better able to advise employers on the elements they need to address to increase their employee retention rate. In this study, the one area of findings that may help business and commercial organizations the most concerns work environment in the workplace. The authors found that supervisor cooperation and work atmosphere were associated with positive path value toward job satisfaction. Similarly, career growth and work atmosphere also exhibit positive path value towards job satisfaction. The implication is that employers can focus on supervisor cooperation in rightly and duly promoting the deserving employees, and in doing so, they can generate positive attitudes toward these activities.
Originality/value
This paper will add immense importance of work atmosphere to the organizational learning and behavior.
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Afghanistan has experienced capital flight, which has long perplexed policymakers and planners. There have been widespread concerns about capital's ‘paradoxical’ character, which…
Abstract
Afghanistan has experienced capital flight, which has long perplexed policymakers and planners. There have been widespread concerns about capital's ‘paradoxical’ character, which jeopardises national welfare. In this regard, this study envisages examining the nature and prevalence of reverse capital flight in Afghanistan by employing two methods viz direct approach (Cuddington's Model) and indirect approach (World Bank approach and Morgan approach). The findings highlight four main reasons for reverse capital. These include facilitating the whitening of black money (money laundering) which has been previously illegally flown out of the country; second, it allows import tax evasion and the realisation of unnecessary export rebates and refunds; third, it facilitates the avoidance and incidence of Non-Tariff Measures (NTMs) on imported goods; and finally, it allows for the concealment of investment in the underground economy. The study recommends maintaining a thorough record of illegal cash flows in Afghanistan since the nature of trade in Afghanistan is difficult owing to the simultaneous flow of illicit capital. Furthermore, the unrecorded private investments must be adjusted for illegal capital flows resulting from trade mis-invoicing, thus crucial for policy enunciation.
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This paper aims to review 69 studies related to Muslim consumer behavior and determine the relationship between these topics and Islamic rationality. In addition, this paper…
Abstract
Purpose
This paper aims to review 69 studies related to Muslim consumer behavior and determine the relationship between these topics and Islamic rationality. In addition, this paper elaborates on Al-Ghazali’s Islamic rationality model.
Design/methodology/approach
A text analytics approach is used to map 69 studies on Muslim consumer behavior. In addition, the historical-critical and inductive approach is used to identify Muslim scholars’ concepts and opinions regarding Islamic rationality, especially Al-Ghazali.
Findings
This study confirms that Muslim consumer behavior is in line with the concept of Islamic rationality proposed by Al-Ghazali. This is evidenced by a strong awareness of Islamic morals and values, which fosters a high commitment to halal products.
Practical implications
The findings of this study will provide essential benefits in the development of Islamic rationality theory, which can then be used as an alternative in explaining Muslim consumer behavior and also can be used as a reference for stakeholders in the industry to mainstream halalfication on products offered in the Muslim market.
Originality/value
The value of originality in this study lies in identifying the relation between Islamic rationality and Muslim consumer behavior, and this effort was confirmed through 69 selected studies related to Muslim consumer behavior.
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Aklima Akter, Wan Fadzilah Wan Yusoff and Mohamad Ali Abdul-Hamid
This study aims to see the moderating effect of board diversity on the relationship between ownership structure and real earnings management.
Abstract
Purpose
This study aims to see the moderating effect of board diversity on the relationship between ownership structure and real earnings management.
Design/methodology/approach
This study uses unbalanced panel data of 75 listed energy firms (346 firm-year observations) from three South Asian emerging economies (Bangladesh, India, and Pakistan) from 2015 to 2019. The two-step system GMM estimation is used for data analysis. This study also uses fixed effect regression to obtain robust findings.
Findings
The findings show that firms with a greater ownership concentration and managerial ownership significantly reduce real earnings management. In contrast, the data refute the idea that institutional and foreign ownership affect real earnings management. We also find that board diversity interacts significantly with ownership concentration and managerial ownership, meaning that board diversity moderates the negative link of the primary relationship that reduces real earnings management. On the other hand, board diversity has no interaction with institutional and foreign ownership, implying no moderating effect exists on the primary relationship.
Originality/value
To the best of the authors’ knowledge, this is unique research investigating how different ownership structures affect real earnings management in the emerging nations’ energy sector, which the earlier studies overlook. More specifically, this research focuses on how board diversity moderates the relationships between ownership structure and real earnings management, which could be helpful for future investors.
Details
Keywords
China's relations with Afghanistan.