Lahore School of Economics

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PM emphasises on equitable GDP growth

Prime Minister Imran Khan Monday emphasised the need for achieving inclusive and equitable GDP growth for creating jobs and reducing poverty.

In his meeting with Federal Minister for Finance Shaukat Tarin and the Economic Advisory Council (EAC) member Dr Rashid Amjad, Imran said higher growth trajectory was required for denting poverty and unemployment. It was also decided that the EAC will hold its maiden session this week probably on Thursday.

Talking to this correspondent, Dr Rashid Amjad said the premier actually wanted to achieve equitable and inclusive growth and reduction in inflationary pressures. He said the prime minister also wanted to focus on the agriculture sector for achieving productivity and efficiency. Malnutrition can be overcome by achieving productivity in the agriculture sector.

Source: The News 


posted by S A J Shirazi @ 4/20/2021 11:38:00 AM,

Guest Speaker

Dr. Umar Saif founder and CEO of Survey Auto.Com, Chief Digital Officer of the Jang/Geo group and the Chief Investment Officer of Khudi Ventures gave a talk to the Lahore School of Economics students on Monday, March 29, 2021.

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posted by S A J Shirazi @ 3/30/2021 01:24:00 PM,

Brand and Advertising

Mr. Asad Rizvi, Marketing Head at OLX delivered an online talk to the students of MBA II who are enrolled in the course of “Brand and Advertising” on Wednesday, March, 03, 2021. Mr. Asad covered Future Challenges for Branding and Advertising, Global Perspective of Brands, Role of Digital Media in Branding and more during his talk online.

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posted by S A J Shirazi @ 3/08/2021 03:16:00 PM,

Future Challenges for Branding and Advertising

Ms. Daniah Ishtiaq, Planning Director at BBDO Pakistan delivered an online talk to the students of MBA II who are enrolled in the course of “Brand and Advertising” on Thursday, March, 04, 2021. Ms. Daniah covered the Future Challenges for Branding and Advertising in her talk.

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posted by S A J Shirazi @ 3/06/2021 03:20:00 PM,

Role of Digital Media in Branding

Mr. Naveed Minhas, General Manager at MullenLowe Rauf delivered a talk online to the students of MBA II who are enrolled in the course of “Brand & Advertising” on March, 03, 2021. Mr. Minhas covered Future Challenges for Branding and Advertising, Global Perspective of Brands, Role of Digital Media in Branding and Impact of COVID 19 on the careers of fresh MBAs during the session.

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posted by S A J Shirazi @ 3/04/2021 01:15:00 PM,

World Bank Pakistan Country Partnership Framework 2022-2026 Student Consultation

The World Bank is preparing a new Country Partner Framework (CPF) for the next five years from fiscal year 2022-2026. For this, the World Bank organized a consultation webinar on Friday, 19th February, 2021 with students from very exclusive universities across Pakistan to make sure that students' voices are represented and considered in their future precedence. On the Panel were Ms. Melinda Good, Operation Manager, World Bank Pakistan, Ms. Amena Raja, Senior Operations Officer from The World Bank, and AVM (R.) Faaiz Amir, Member (Governance & amp; Academics), from Higher Education Commission (HEC). Lahore School of Economics (LSE) was one of the only 3 universities selected from Punjab to be a part of the Webinar. Muaz R. Chaudhry, Research Associate at the Innovation & Technology Centre, and Aysham Sohail were the two nominees from senior year (BSc. IV) to represent the Lahore School.

The webinar focused on five themes: Girls & Boys Education, Governance, Growing Healthy, Green Pakistan and Growth. Under these themes, the main priority or focus areas were i) primary and secondary access, quality education ii) Stunting, under 5 mortality, COVID-19 iii) Renewable energy, water and agriculture productivity, pollution/solid waste and iv) Revenue mobilization, social and economic inclusion, competitiveness. The consultation meeting was of immense significance to the national policy of the World Bank towards Pakistan and the Lahore School’s representatives raised extremely important points in the meeting.

Ms. Sohail raised the point of high spells of unemployment in Pakistan due to job-skill mismatch in various sectors of the economy that needs to be looked into; moreover she discussed the new curriculum change in that is being brought about in Pakistan and its high probability of worsening the quality of education with an increased intensity of extremism ingrained within the education system. Mr. Chaudhry, on the other hand, appreciated the World Bank’s effort to improve the country’s education system, but suggested aiming for education more than just for ‘Girls and Boys’ and insisted on renaming the goal to ‘Education for All’, being inclusive for the state and UN recognised gender minorities. He also brought up the point of the national education system being influenced immensely by external forces, therefore, deteriorating the quality of education in the country due to increased extremism and lack of freedom. He then brought into concern the issue of immense PM-2.5 emissions within the country that are majorly a result of crop burning in Pakistan causing the worrisome issue of smog, especially in Lahore for the last few years. The points raised by the Lahore School’s representatives were highly appreciated by the World Bank team who then promised to focus on the highlighted issues and to integrate the points into their national partnership program framework of 2022-2026.

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posted by S A J Shirazi @ 2/27/2021 03:16:00 PM,

Entrepreneurship and SME Management

Murshad Alam Qureshi, Director Business Development and Sourcing at MAQ Supplies gave an online talk to the students of the undergraduate programme enrolled in the course of “Entrepreneurship and SME Management’’ on February 25,2021.
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posted by S A J Shirazi @ 2/26/2021 10:00:00 AM,

Engineering firms struggle for funds

Shahram Haq

The light engineering firms of the country are facing hurdles in securing financing for modernising their businesses, which is causing a drop in the amount of export orders secured from the global markets.

Many firms, located primarily in central Punjab, have upgraded their units and machineries.

The light engineering industries dealing with mammoth amount of export orders have invested in technology and innovation far more than their non-exporting peers, however, they are still struggling for innovation opportunities.

This was the crux of a research conducted by the Innovation and Technology Centre, Lahore School of Economics on engineering firms in four cities of Punjab ie Lahore, Sialkot, Gujrat and Gujranwala.

These cities are often referred to as the ‘Golden Triangle’ of the province because majority of the light engineering firms are located in this area.

The purpose of the survey was to observe the degree, quality and impact of innovation activities on the performance and profitability of the innovating firms.

The survey included both export-oriented and non-export-oriented firms.

Analysis of data from surveyed firms revealed that half of the export-oriented companies were shipping 50-100% of their output abroad with a majority of the firms exporting to Asia followed by Europe.

The data also showed that most of the export-oriented firms were medium in size while majority of the non-export-oriented firms had small scale establishments.

According to the study, all exporting firms reported that they had innovated meaning that they had invested in new machinery/equipment in the past 10 years. Half of these firms reported that they were planning to introduce a new technology over the next 12 months.

A massive share of exporting firms upgraded their facilities during the last one to five years while a large amount of non-exporting firms introduced modernisation between five to 10 years ago.

The most frequently bought machines by export-oriented entities in the light engineering sector included verma machines/drill machines. On the other hand, most of the non-exporting firms preferred to buy lathe machines to be installed at their facilities.

In addition to this, most of the exporting firms had purchased their last four innovations from abroad whereas non-exporting firms had bought their last four innovations from Pakistan.

Nearly half of the firms that export had adopted state-of-the-art machinery while most of non-exporting companies reported that they had adopted already established machinery/software.

Majority of both exporting and non-exporting firms said that the major source of funding for their innovations related activities was done by utilising their own internal resources (equity).

The data also revealed that a large number of exporting firms from the light engineering sector modernised by developing new business models and marketing techniques. On the flip side, most non-exporting firms that innovated developed technologies alongside new business models and marketing techniques to innovate.

The incentives to innovate are particularly important for firms.

When asked about the major drivers for initiating innovations in the survey, majority of exporting and non-exporting firms said it was the pressure to improve quality followed by the desire to expand market share.

Most of the exporting firms reported that as a result of innovation, their revenues spiked, quality of products improved and need for retraining their employees increased.

In case of non-exporting firms, innovation enhanced revenues but it did not reduce the cost of production by a significant amount, however, the quality of their output improved.

The two greatest barriers faced by both exporting and non-exporting entities while trying to upgrade were lack of financing and lack of innovation opportunities.

Thus, it can be said that more incentives for innovation could be offered by enhancing sources of funding for firms in form of aid from the government and assistance of financial institutions, the survey concluded.

Also published in The Express Tribune, February 14th, 2021.

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posted by S A J Shirazi @ 2/14/2021 01:53:00 PM,

Strategic Supply Chain Management

Mr. Salman Goheer, Vice President Supply Chain at Engro Fertilizers delivered a talk online to the students of MBA II who are enrolled in the course of “Strategic Supply Chain Management” on Thursday, February 11, 2021. Mr. Salman covered Supply Chain Strategy, Business Model, Inventory Management, Supply Chain Responsiveness and Role of Technology in Supply Chain in his talk.

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posted by S A J Shirazi @ 2/12/2021 12:50:00 PM,

Growth versus stability

Dr Rashid Amjad

The consensus amongst the economic policymaking triumvirate in government — finance, planning and State Bank — that an IMF-prescribed economic stability package was the only solution to Pakistan’s economic ills and road to eventual growth has begin to show cracks. And as in previous times, it is the Planning Commission that has fired the first shot across the bow of the State Bank and the finance ministry.

At a recent meeting of the Monetary and Fiscal Policy Coordination Board, the Planning Com­mission purportedly argued for three vital policy changes that lie at the heart of the current economic policy stance of the government. The first to reduce further the interest rate; the second to hold the exchange rate at near its current rate (Rs160) and not allow it to be dictated by market forces alone; and the third to pursue supporting fiscal policy measures to stimulate the nascent economic recovery seen in the last few months and led by large-scale manufacturing and the construction sector.

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posted by S A J Shirazi @ 1/05/2021 10:07:00 AM,

Strategic Management

Mr. Ausaf Qureshi, Director Special Projects at Fatima Group gave an online talk to the students of the undergraduate programme who are enrolled in the course of “Strategic Management” on November 23, 2020.

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posted by S A J Shirazi @ 11/24/2020 03:39:00 PM,

Human Resource Management

Ms. Habiba Suleman, Learning & Development Strategist Faysal Bank gave an online talk to the students of the undergraduate programme who are enrolled in the course of “ OB & HRM” on November 16, 2020.

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posted by S A J Shirazi @ 11/17/2020 09:49:00 AM,

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