The Contribution of Islamic Banks L/C Financing and Exchange Rates Towards Pakistan's Exports Between 2010 and 2022
Abstract
This study to examines the factors that can affect the Exports of Pakistan, by paying particular attention to letter of credit financing of Islamic banks in Pakistan and exchange rate. Sample data of Islamic listed Banks is selected from last twelve years i.e., 2010 to 2022 with 975 observations. Study measure exports performance using exports figures of Pakistan as the proxy for Export performance while external factors namely letter of credit financing of Islamic banks and exchange rate used as an influencing factor. Applying panel analysis, the results provide positive association Pakistan’s Export with Islamic banks letter of credit financing and exchange rate, indicating that easy availability of letter of credit financing and favorable exchange rate can help increase Pakistan’s exports. The study's findings can aid policy managers, particularly those hoping to boost exports and foreign exchange through them, as well as managers seeking to broaden their knowledge of the key elements influencing export performance.
Refbacks
- There are currently no refbacks.