This research work explores the Impact of leverage, performance and efficiency measures on Market value added (MVA) using data of 120 firms listed on Pakistan Stock Exchange for a period of 6 years from 2011 to 2016. The main focus of this study is on manufacturing sector only because manufacturing sector is the major in the gross domestic product (GDP) of Pakistan. In this study leverage is found to be significant with MVA, similar results were found in regards to all performance measures e.g. Economic Value added (EVA), Return on Equity (ROE), Return on Capital Employed (ROCE) and Earning per share (EPS). Whereas, efficiency measure i.e. Sales to capital employed (SOCE) is insignificant contrary to Sales to Fixed assets (SOA) which is found to be significant with MVA. Contribution of this research will help the investors for decision making about investments in Pakistani firms.