Lahore School of Economics

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Dr. Paul Ross Discusses Economic Challenges Facing Pakistan

The Lahore School’s Economics Society organized a lecture by Dr. Paul Ross, who was the former IMF Resident Representative to Pakistan. During this seminar, Dr. Paul Ross discussed the major economic challenges facing Pakistan, and how can Pakistan use prudent monetary and fiscal policies to promote economic growth. While discussing the economic challenges faced by Pakistan, he examined the short, medium and long-Term impacts of current policies and how innovative policies can be used to help with the current challenges faced by Pakistan.

Discussing monetary policy, Dr. Ross emphasized that Pakistan should strengthen SBP independence, tighten its monetary policy and reduce government borrowing from the State Bank of Pakistan. On the fiscal side, Dr. Paul Ross discussed the importance of revenue mobilization followed by fiscal expansion focused on long term development.
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posted by S A J Shirazi @ 12/07/2018 11:07:00 AM,

Industry-Academia Linkages – MOU

Lahore School of Economics signed a Memorandum of Understanding with Coca Cola Beverages Pakistan Limited {CCI Pakistan} on Thursday, November 29, 2018 at Barki Campus as a part of Industry Academia linkages.

Strong linkage between Corporate and Academia is a critical tool to tackle the key economic challenges of Pakistan. The research and innovation done at the Lahore School should attract huge demand from industry. Also the research, innovation, operations and management practices of Coca Cola will be a source of great learning to the faculty and students of the Lahore School of Economics. This should lead to increased, diversified economic activities and market development for all the parties involved.

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posted by S A J Shirazi @ 12/06/2018 01:33:00 PM,

Leadership and Followership

Mr. Hasan Adnan Ahmed, Human Resource and Public Affairs & Communication Director visited the Lahore School of 29th November 2018 to deliver a session on Leadership and Followership.

Hasan opened his session by discussing the strength of the Coke brand which has remained in the top ten positions globally despite the “tech brands” onslaught. This in part was explained by the vision of Coke which was to be the best FMCG (not cola but beverage), by its values of integrity, accountability and passion, and by its focus on the consumer, on its employees and on the community at large. Coca-Cola not only remains committed to Pakistan but has indicated that it would deepen and widen its investments.
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posted by S A J Shirazi @ 11/30/2018 02:58:00 PM,

Economic Faculty Research

Economics Faculty Research Paper Presentations held on 25th October, 2018.

Impact of Prenatal Exposure to Fasting on Cognitive Development of Children

Beenish Amir


Evidence has shown that prenatal nutritional shocks have a long-lasting impact on health, cognitive ability and adult outcomes. This study looks at the impact of exposure to fasting on the academic achievement of children who are formally educated. The study uses exposure to Ramadan of pregnant Muslims as a natural experiment to analyze this impact. Relative to famines and wars, Ramadan is a milder shock and lasts for a shorter time period. This study uses LEAPS (Learning and Educational Achievements in Punjab Schools) panel data collected by World Bank for different regions of Punjab. As actual fasting behavior of pregnant Muslims cannot be observed, the study to uses “intention to treat” approach; this permits measurement of impact in presence of non-compliance. Results show that exposure to fasting in the first trimester has a negative effect on test scores of students.

Financial Development, Natural Resources, Endogenous Technology and Economic Growth: Transitional Dynamics and Closed-form Solutions

Nayab Kanwal


This paper presents a three-sector finance-extended endogenous growth model, with constant returns to scale in natural resource production in combination with physical capital and technological progress. In our model, natural capital can be allocated across two sectors: the production of the final consumption good and the production of technological capital (in the form of new ideas). We are considering both renewable and non-renewable natural resources, and taking endogenous technological progress. We will analyze the transitional dynamics of our model where financial intermediation affects physical capital, natural capital and technological progress.

Economics Faculty Research Paper Presentations held on 8th November, 2018.

Impact of Remoteness on Student Learning Outcomes in Pakistan

Ringchan Ali


This paper explores the relationship between school remoteness and the student learning outcomes. Existing literature focuses on the impact of remoteness on socio-economic conditions. However, evidence on the direct impact of remoteness on learning outcomes is rare. The paper investigates how distance of the school from district headquarters affects the quality of education provided in a school. This paper contributes to literatures by uniquely identifying two channels through which remoteness can impact student learning outcomes i.e. teacher’s attendance and school infrastructure that can be affected by weak state capacity over larger distances. Data on standardized test scores, school infrastructure and school location from Annual Status of Education Report (ASER 2016). In addition, the Punjab School Census 2016 for geo locating government schools and Programme Monitoring and Implementation Unit (PMIU) for data on teacher’s attendance in public schools is used. Results of this study can help inform policy decisions to reduce educational inequities arising from remoteness in rural areas.

Adverse Shocks to Education: The Case of Terrorism in Pakistan

Saniya Jilani


Adverse shocks are known to bring forth unrest in the most vulnerable communities. These negative stimuli have been associated with reducing the educational and health spending thus, restricting the development of a society. Over the course of many years, the long term impact of terrorism on a society can be gauged through the level of human capital. In the early 1970s, David A. Wise (1975) established that better educational outcomes result in a productive labor force and consequently, in economic progress. As the war against terrorism wages on in Pakistan, the cost of war has not curbed; the impact has spread into areas of trade, tourism and most noticeably, education. The evidence of grave loss can be found in the statistics compiled by the Pakistan Ministry of Finance where the accumulation of losses from 2016-18 are US $7543 million (Ministry of Finance, 2015). Furthermore, by infringing upon the right to education, extremists have stimulated the gender gap in this sector. Therefore, this thesis will provide an empirical insight into the influence of adverse shocks on the learning outcomes for children in Pakistan between 2013 till 2016 using GTD and ASER. Here, I will employ the Hurdle model to account for the selection bias that arises due to the type of students who are enrolled in schools. This paper adds to the existing literature firstly by looking at learning outcomes as the dependent variable of interest and secondly, by employing a new technique; the hurdle model.

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posted by S A J Shirazi @ 11/29/2018 11:01:00 AM,

Management of Pakistan Economy

Prime Minister Imran Khan has approved the policy recommendations for a Medium Term Structural Reform Framework of the economy in a meeting of the Economic Advisory Council in Islamabad.

Also here

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posted by S A J Shirazi @ 11/27/2018 11:09:00 AM,

The Magic Moment of Successful e-Commerce in Pakistan

Mr. Badar Khushnood, Cofounder and VP of Growth, and, visited the Lahore School on 15th and 16th of November 2018 and gave a session “The Magic Moment of Successful e-Commerce in Pakistan” to the MBA cohort of 2018.

Badar explained that Web 1.0 referred to one-sided, informational presence of content on websites; Web 2.0 was interactional where you could comment, such as social media; while Web 3.0 was transactional, which could host payments.
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posted by S A J Shirazi @ 11/27/2018 11:01:00 AM,

Importance of Data in Marketing

Ms. Quratulain Ibrahim, Managing Director of Nielson Pakistan, paid a visit to the Lahore School MBA program on 9th November 2018 and delivered a session on “Importance of Data in Marketing”.

At the outset she said Nielsen was present in 100+ countries and provides companies with an understanding of what consumers watch and buy. In Pakistan, the “watch” function is still not there. In the “buy” function, Nielsen are the global leader in retail measurement services, helping our clients understand what will happen next. Because it has global presence, Nielsen can also do cross-country analyses.
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posted by S A J Shirazi @ 11/27/2018 11:01:00 AM,

Alumni Meet

The Lahore School of Economics hosted Alumni Meet on 17 November 2018 at the Burki Campus. The topic of discussion for the day was “Entrepreneurship.” More than 120 alumni from diverse areas of businesses attended the event.

Dr. Shahid Amjad Chaudhary, the Rector Lahore School of Economics welcomed the guests and briefely introduction of the Lahore School Technology Innovation Centre and the new Lahore School Incubation Lab. Dr. Azam Chaudhary, the Dean of Economics emphasized on the Incubation Center launched purpose that is to provide support to Lahore School alumni. Ms. Shumyla Chaudhary, President of the Alumni Club praised the young Entrepreneurs of Lahore School and commended on their work that they are giving back to the society in so many ways. Dr. Sohail Zafar, Dean of Business school also thanked the alumni for taking time out for the event.
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posted by S A J Shirazi @ 11/27/2018 11:01:00 AM,

Guest Speakers

Mr. Daniyal Talat Malik, Creative Director-Ogilvy & Mather visited the Lahore School to give a talk to BBA students who are enrolled in the course of “Advertising” on November 28, 2018.
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posted by S A J Shirazi @ 11/27/2018 11:00:00 AM,

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