Lahore School of Economics

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‘Pakistan can address payment woes by curbing GDP growth’

Shahram Haq 

Pakistan can tackle its balance of payments woes by slowing down gross domestic product (GDP) growth through fiscal and monetary contraction as currently it is the only short-term solution for the country’s economic managers, suggested a research conducted by the Lahore School of Economics (LSE).


For the long run, Pakistan’s policymakers needed to develop an industrial strategy aimed at producing higher value-added export goods, it said. The argument presented by researchers was that it was the high GDP growth that caused the recurring balance of payments problem.
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posted by S A J Shirazi @ 8/20/2018 10:17:00 AM,

Independence Day Celebrations - 2018

As per our tradition, 71st Independence Day of Pakistan was celebrated at Lahore School of Economics with national zeal and fervor. Dignified flag raising ceremony was attended by students, accompanied faculty and staff.


Dr Shahid Amjad Chaudhry, Rector Lahore School of Economics who was the chief guest hoisted the flag and smartly turned out contingent of guards presented a salute. Addressing the enthralled audience, Dr Shahid Chaudhry threw light on the deeper history of Pakistan, some of the sacrifices that our ancestors had given to make it happen, and how Lahore School is contributing to it's economic development. Pakistan Day thematic cake was also cut. Lahore School Libraries and Document Center set up book stall where rare books about Pakistan Movement were displayed.
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posted by S A J Shirazi @ 8/16/2018 10:24:00 AM,

The BoP crisis

Dr Moazam Mahmood

I argued two weeks back, addressing the incoming Prime Minister, because I thought it was a matter of pith and urgency that Pakistan’s BOP crisis was structural and could not be solved through a price fix of devaluation as past advice and economic management had committed us to. And will no doubt attempt to again.

The pithy problem lies in understanding that there is an impossibility between two macro policies, the one relying on depreciation of the exchange rate to fix the BoP crisis, and the second maintaining open unregulated capital accounts allowing free flow of capital in and out of the country. They work against each other.

The urgency lies in estimates we have made of capital outflows at the Lahore School of Economics, which are exceedingly high, and must be regulated. Or else the BoP crisis will worsen, and without which short run fix, there will be no long run economic agenda to implement.
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posted by S A J Shirazi @ 8/14/2018 12:16:00 PM,

MOU between Lahore School of Economics and National Business Education Accreditation Council - HEC

The Lahore School of Economics and National Business Education Accreditation Council -HEC signed an MOU on 3rd August 2018 for future collaboration in building capacity of the business schools in Pakistan.


The objective of this MOU is for both institutions to engage in an effort to develop and promote “Developmental Programs” for business schools and faculty members. The goal of this co-operation is to foster collaboration, provide opportunity to different business schools/ institutes and faculty members for capacity building and to facilitate advancement of knowledge on the basis of reciprocity, best efforts, mutual benefit and frequent interaction and agree to explore the possibility of engaging in the modes of collaboration.

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posted by S A J Shirazi @ 8/07/2018 12:23:00 PM,

Policy needed to boost industries along CPEC route

Shahram Haq

Pakistan needs an active policy that promotes growth of key industries located along the China-Pakistan Economic Corridor (CPEC) routes, stated a study conducted by the Lahore School of Economics (LSE), which added that close proximity would enable these businesses to derive further benefit from the project.


Many industrial clusters operating in different parts of the country will be connected via motorways and highways under CPEC initiatives like Chakwal, Jhang, Wazirabad, Gujranwala, Khanewal etc. However, the industries operating in such areas need attention of policymakers, added the study.
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posted by S A J Shirazi @ 8/06/2018 03:39:00 PM,

Dear incoming Prime Minister Khan,

Dr. Moazam Mahmood

Unless the country's mandate and I have got it wrong, you have done a remarkable thing. You have put welfare of the poor, as your primary economic agenda. That we have not heard, leave alone seen effected, since Zulfikar Ali Bhutto.

A pithy parable from my fading undergraduate notes needs retelling for Pakistan. Professor Isiah Berlin recounted the Greek parable of the Hedgehog and the Fox. The fox is quick and clever, perhaps too much so, and knows many clever things. The hedgehog is ponderous and slow but knows one big thing. So, the primary economic agenda for Pakistan, the welfare of the poor.

To affect this agenda, we will need three economic policies.

We will need a policy to solve the current balance of payments (BoP) crisis. There will be no longer run tomorrow unless we get through today's short run crisis of meeting external payments. And in a way that cuts the periodic cycle of recurrence.
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posted by S A J Shirazi @ 8/02/2018 03:03:00 PM,

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