This study enhances the awareness of stakeholders about the financial management practices and their role to improve performance and growth of the Pakistani corporate sector. This study measures the impact of financial management practices on organization performance, application level and awareness of the financial analysts of the companies. Theory suggests that financial management practices are very important for the growth and performance of the companies, so that effort has been made to check it practically. It also helps the policy makers to decide the considerable areas (capital structural decisions, dividend policy, investment techniques, working capital and performance assessment) at the time of financial decisions.