Many studies indicate the financial liberalization can stimulate financial center development. In Pakistan, the banking sector dominants its financial industry. Therefore, in order to become a global financial center, Pakistan government embarked on a financial liberalization program to liberalize access to Pakistan s domestic banking market to create a stronger and more competitive banking environment in the face of globalization trends. These reforms have led to a resilient banking sector in the country.This research is highly recommended for the students of Economics and Corporate Governance, as it details a lot about economic issues and good governance"