Investors from the whole world are looking for those stock markets that are less affected by interest rates. Pakistan is a good place to invest and the investors from the whole world are considering Pakistan for future ventures. The current study, therefore, aims to analyze the factors affecting investors’ decision making in Pakistan with the interaction effect of locus of control. The primary data are gathered from 300 respondents. Structural equation modelling (SEM-PLS) is used to analyze the interactions among variables. The study finds positive impact of availability and representative biases on investment decision making. The study could not find any moderating role of locus of control. The results imply that decisions made by Pakistani investors are driven by the most easily or currently available information and they trust on the information obtained from family and friends without any authentication and verification. One possible description of insignificant moderation effect of locus of control can be the sample traits used in the study, e.g., personal characteristics, that change from culture to culture. Another description of these findings may be the association between heuristic biases, including availability, representative and psychological biases and decision-making regarding investment is not personality specific.

Purpose: The present study examines the effects of tourism on carbon dioxide emissions for selected South Asian economies over the time from 1995 to 2016. Research design, data and methodology: The present study is an annual time series analysis of tourism and CO2 emissions. The data is taken from World Development Indicators, an official data bank of World Bank. The study sample covers four South Asian countries, namely Bangladesh, India, Pakistan, Sri Lanka and Nepal. The empirical analysis is conducted by employing Pedroni panel cointegration, Fully Modified OLS, and Dynamic OLS approaches of estimation. Results: Tourism significantly increases environmental degradation in selected South Asian economies. The empirical estimated results indicate, that 1 % increase in tourism related activities leads to 0.16 % increase in CO2 emissions. In addition energy consumption and GDP are also causing an upsurge in CO2 emissions in the selected panel of South Asian economies. As the empirical results indicate that 1% increase in GDP stimulates carbon dioxide emissions by 0.23%. Conclusion: In order to protect the environment, the study emphasizes that sustainable tourism practices need to be promoted in the selected South Asian countries. Policy implication and provided and discussed.

The aim of this work to investigate the distribution of mercury in the gas phase, bottom ash and fly ash during the combustion of coal and solid waste such as dried sludge and solid refuse fuel (SRF) because the solid waste can be used as alternative fuel. In our study, we used two types of continuous combustors including vertical and horizontal combustor at the same conditions. In vertical combustor, we can get only the bottom ash while in horizontal combustor we get both fly ash and bottom ash. For both combustors, the gaseous mercury was measured by using the Ontario Hydro Method. The results showed that a significant amount of emission of gas phase mercury occurs during the combustion of coal, dried sludge, and SRF. Among the fuels, SRF showed high mercury oxidation while dried sludge showed a high level of gaseous mercury emission in the flue gas.