Financial crisis of 2008,a disastrous consequence of weak financial sector performance, affected masses of people all over the globe. This highlighted the significance of financial sector in every economy all over the world. Financial system works quietly in the background, yet contributes a lot in economic development through various channels resulting in employment generation and poverty reduction. Therefore a developed, dynamic, efficient and sustainable financial sector works as a pivot for the economic development of any economy. Over the time Pakistan has passed through many changes to...