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Muhammad, Shahbaz and Faridul, Islam and Muhammad Sabihuddin, Butt (2011): Financial Development, Energy Consumption and CO2 Emissions: Evidence from ARDL Approach for Pakistan.

Muhammad, Shahbaz and Faridul, Islam and Muhammad Sabihuddin, Butt (2011): Devaluation and income inequality: Evidence from Pakistan.

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Shahbaz, Muhammad and Shabbir, Shahbaz Muhammad and Butt, Muhammad Sabihuddin (2011): Does Military Spending Explode External Debt in Pakistan?

Shahbaz, Muhammad and Shabbir, Shahbaz Muhammad and Butt, Muhammad Sabihuddin (2011): Effect of financial development on agricultural growth in Pakistan: new extensions from bounds test to level relationships and granger causality tests.