Lahore School of Economics

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Lahore School Finance and Investment Society Orientation’15

The Lahore School Finance and Investment Society (LSFIS) hosted orientation on 11 September 2015. The event was specifically aimed for freshmen students but was open to all irrespective of their Year or Degree. The main objective was to introduce the society to the freshmen, providing a platform for the students to learn more about the finance and investing world. The students were also informed of major past and upcoming events and activities that would help them develop practical skills and educate them about the workings of the financial world.

A game of Chinese whisper was conducted to break the ice and then Muhammad Bin Tariq, Former Vice President spoke about the past contributions. Hassan Sajjad, President of LSFIS introduced the society’s members and future agenda. Mahum Tofiq and Izza Sabahat also spoke about the future plans of the society. Dr. Shakil Faruqi, the Patron emphasized the need for students to have the understanding of the financial world to be successful in life. A small quiz was done to keep interest and gifts were handed out.
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posted by S A J Shirazi @ 9/23/2015 03:57:00 PM,

Lahore School Character Building Society Orientation 2015

Lahore School Character Building Society held its first orientation on 11 September 2015. The orientation aimed at familiarizing students with the objectives of the society.

Tanya Qamar, the Vice President of the society, answered question such as ‘What the society is about?’ ‘What are we trying to achieve?’ and ‘How we would be doing it?’ Muhammad Beebrak Gurchani, the President of the society, assured people that our aim was not to act as a moral police but to aid students in recognizing their potential and being valued assets of the society.
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posted by S A J Shirazi @ 9/23/2015 03:50:00 PM,

Consumer Behavior

Mr. Amin Piracha, Head of Insights at Nestle delivered a lecture on consumer behavior to the graduating MBA class. Mr. Piracha gave a very insightful presentation focusing mainly on youth as a consumer.

Mr. Piracha said that behavior and motivation were vital aspects of consumer behavior. He then discussed cognitive, affective and co native attitudes. The speaker said the nowadays companies were developing apps to come closer to the consumer. Mr. Piracha discussed digital marketing and its role with relevance to Nestle. He also talked about career choices and gave helpful advice to students regarding choosing a career path.


posted by S A J Shirazi @ 9/23/2015 03:40:00 PM,

Pre-requisites for corporate careers

Mr. Adeel Anwar, Director Organizational Excellence WaridTelecom, was invited to the Lahore School of Economics to deliver a lecture to the undergraduate fourth year class on 22 September, 2015

Mr. Adeel enlightened students on the pre-requisites for corporate careers and said one should have soft skills such as integrity, fair mindedness, persuasive and congenial personality, ability to cope with conflicting point of view, function under pressure and demonstrate discretion. While talking about hard skills he said core computer proficiency, high impact written and oral communication and incisive analytical skills were very important.
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posted by S A J Shirazi @ 9/23/2015 03:30:00 PM,

Corruption, Tax Evasion and the Role of Wage Incentives with Endogenous Monitoring Technology

Offering public wage premium without deterring corruption is sub-optimal and the government can be better of either eliminating corruption by offering efficiency wages or accepting corruption by offering wages below the market wage, suggests the recent paper published in Economic Inquiry by Dr. Waqar Ahmed Wadho of Lahore School of Economics. Here is an abstract:

The importance of high salaries to circumvent bureaucratic corruption has been widely recognized in the policy debate. Yet, there appears to be much reluctance when it comes to the implementation. In this paper, we argue that deterring corruption through wage incentives may become prohibitively expensive that the government finds it optimal to accept higher net revenues at the expense of honesty. Deviating from the existing literature, we set an endogenous monitoring technology that allows us to capture the dual role of auditing, as a complement with and as a substitute for wage incentives to deter bribery. We find that the government is better-off either completely eliminating corruption or accepting corruption by offering wages lower than the market wage. Offering public wage premium that does not deter bribery is suboptimal. When it is optimal to deter bribery, the government can do it either through wage incentives or monitoring. The role of wage incentives decreases in societies with higher level of dishonesty.
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posted by S A J Shirazi @ 9/22/2015 10:17:00 AM,

Lahore School of Economics Business Development Center Seminar

The Lahore School Business Development Seminar was held on 19 September 2015 in Amjad Chaudhry Library. The Seminar was attended by alumni, faculty and students. The objectives of the seminar were:

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posted by S A J Shirazi @ 9/21/2015 05:15:00 PM,

Business Confidence Survey 2015

Over the past few years the Pakistani economy has faced a host of challenges and there is a general consensus that economic growth has slowed down significantly. Presently, the Pakistani economy has begun to stabilize and during this time it is critical to develop policies that take into account both the long term economic needs of the country as well as the short term needs of the business community.

PHOTO: NNI Via Express Tribune
In March 2015, Lahore Chamber of Commerce & Industry (LCCI) and the Lahore School of Economics signed a Memorandum of Understanding which established a link between academia and the business community. As part of this collaboration, the Lahore Chamber of Commerce & Industry and the Lahore School of Economics have recently conducted a business confidence survey of firms in order to determine industry specific trends as well as the general macroeconomic trends. The survey was conducted with a variety of firms across three sectors, the manufacturing sector, the services sector and the retail sector, and the results from the survey show that the feeling amongst the business community is cautiously optimistic.
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posted by S A J Shirazi @ 9/18/2015 02:54:00 PM,

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