Working capital policy can be best described as a strategy, which provides the guideline to manage the current assets and the current liabilities in a way that it reduces the risk of default (Brian, 2009). Working capital policy mainly focuses on the liquidity of current assets to meet the current liabilities. A company can adopt any of the three approaches to working capital, namely: matching approach, conservative approach and aggressive approach (Omolumo 1997).In this article, an evaluation

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... f working capital policies of the select pharmaceutical companies are carried out for ten year period from 2006 to 2015. The types of current assets investment and financing policies adopted by the sample pharma companies are analyzed first, differences in policies are presented next which is followed by the analysis of stability in policies over the period of study. Also the relationship between current assets investment and financing policies is examined and finally changes in policies are studied.