Education: |
2002- 07 | PhD Economics Pakistan Institute of Development Economics (PIDE), Islamabad Dissertation: Three Essays on Monetary Policy in Pakistan |
2001-02 | MAS Economics, Applied Economics Research Centre (AERC) Karachi |
1999-01 | MA Economics, University of the Punjab, Lahore |
1994-96 | B.A, Mathematics A & B, University of the Punjab Lahore |
1992-94 | F.Sc, Pre-Engineering, FBISE, Islamabad |
| Matric Science, BISE, Rawalpindi |
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Professional Experience: |
April 2018 to date | |
Apr 2017 to March 2018 | |
Oct 2016 to March 2017 | Associate Professor Quaid-i-Azam University, Islamabad |
June 2009 to Sep 2016 | Assistant Professor |
December 2007 to | Research Economist |
May 2009 | Pakistan Institute of Development Economics, Islamabad |
August 2006 to | Research Associate |
November 2007 | Pakistan Institute of Development Economics, Islamabad |
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2013 - to date | Short term Consultant |
| Adam Smith International, Pakistan, World Bank Group, Pakistan, Oxford Policy Management and other organizations |
May 2014 to date | |
Publications | |
| Publications in academic journals: 33 |
| Books published: 01 |
| Working Papers: 04 |
| Research projects: 18 |
Referee of Academic Journals |
| Economic Systems |
| Quality & Quantity |
| Journal of Applied Economics and Business Studies |
| Journal of Convergence Information Technology; The Pakistan Development Review; SBP Research Bulletin NUST Business Review; Journal of Business and Economics; Kashmir Economic Review |
| UCP Paradigms |
Thesis supervised | |
| At PhD level: 17 |
| At M.Phil level: More than 100 |
| At M.Sc level: 06 |
Thesis Evaluated | |
| At PhD level: 07 |
| At M.Phil level: More than 30 |
Computer Skills | |
| Have working experience of using Microsoft Office, EViews, RATS, |
| SPSS, CSpro and basic know how of Dynare, Stata, Microfit |
Professional Affiliation |
| Analyst, Adam Smith International, Pakistan |
| Consultant World Bank Group, Pakistan |
| Member Working Group on Macroeconomic Framework-Growth, Investment & Savings, Ministry of Planning, Development and Reform. |
| Member Evaluation Committee, Thematic Research Grant, HEC |
| Trainer, Oxford Policy Management |
| Trainer, National Institute of Banking and Finance, Pakistan Institute for Parliamentary Services, Pakistan Planning and Management Institute, Secretariat Training Institute, Pakistan Bureau of Statistics, National Agriculture Research Council, National Institute of Management, Higher Education Commission, Pakistan Institute of Development Economics, Foreign Service Academy and other institutions, |
| Member Pakistan Society of Development Economists |
| Technical Editor Kashmir Economic Review |
| Member Board of Studies, School of Economics, Quaid-i-Azam University |
| Member Board of Faculty, Faculty of Social Sciences, Quaid-i-Azam University |
| Member Board of Studies, Department of Health Economics, PIDE |
| Member Board of Studies Department of Economics and Finance, PIDE |
| Higher Education Commission approved supervisor for PhD |
Key Role Played | |
| Designed BS Economics program in 2009 at Quaid-i-Azam University |
| Revised M.Phil and BS Economics programs in 2015 at Quaid-i-Azam University |
| Participated in organizing 19th AGM of PSDE on Governance and Institutions |
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Research Related Experience |
Publications in Academic Journals | |
1. | “The Predictive Power of Money for Inflation and Economic Activity: The Moderating Role of Asset Prices” (2021). Pakistan Economic and Social Review. Vol 59. No 2. |
2. | “How Frequently Do Prices Change? State-dependent or Time-dependent Pricing: Does it Matter for Monetary Policy in Pakistan?” (2021). International Review of Basic and Applied Sciences. Vol 9. Issue 4. |
3. | “Empirical Evidence from NARDL Analysis: An Asymmetric Effect of Exchange Rate Volatility on Agricultural Sector in Pakistan” (2021). Asia-Pacific Social Science Review 21(2) 171-83 |
4. | “Asset Prices and Velocity Decline: An Empirical Investigation” (2021) Journal of Applied Economics and Business Studies Vol 5 No. 1. Pp 191-214 |
5. | “Firm Level Attributes of Inflationary Expectations of Entrepreneurs: An evidence from Pakistan Economy” Journal of Small Business and Enterprise Development(Forthcoming) |
6. | “The Role of Monetary Policy in Transmission of Asset Prices into Goods Prices” (2020) Journal of Applied Economics and Business Studies Vol 4 N0. 1. Pp 143-167. |
7. | “Potential Substitution Between Accrual Earnings Management and Real Earnings Management Among Pakistani Listed Firms” (2020) Global Business Review pp 1-18. |
8. | “Does Ownership Structure Improve Financial Reporting Quality? Evidence of Real Earnings Manipulation among Pakistani Firms” (2020) Asian Journal of Accounting and Governance Vol 14. |
9. | “Oil Price Shocks, Systematic Monetary Policy and Economic Activity” (2019) Pakistan Development Review Vol 58. No 1. Pp 23-45 |
10. | “Individualistic Attributes of Inflationary Expectations: Evidence from Pakistan” (2018). Pakistan Economic and Social Review Vol. 55. No, 2. |
11. | “Money Demand Revisited: The Role of Asset Prices in Pakistan” (2018). Pakistan Economic and Social Review Vol. 55. No, 1. |
12. | “The Unreliability of Output Gap Estimates in Real Time Data” (2017) Pakistan Development Review Vol 56. No 3. Pp 193-219. |
13. | “Estimating Monetary Policy Reaction Function of State Bank of Pakistan” (2017) Pakistan Economic and Social Review Vol. 54. No, 2, (Winter). |
14. | “Oil Price Pass-Through to Disaggregated CPI Data of Pakistan: Evidence from VAR Approach” (2017) Journal of Social Sciences and Humanities Vol 25. No 2. pp 151-81 |
15. | “Oil Price pass-through to Domestic Inflation: Evidence from CPI and WPI data of Pakistan” Pakistan Development Review Special Issue, 2016 |
16. | “Choice of Functional Form in the Nonlinear Taylor Rule: The Case of Pakistan” (2015), Pakistan Economic and Social Review. Vol 53. No. 2. (Winter). Pp 149-174. |
17. | “Are the Effects of Monetary Policy on Output Asymmetric in Pakistan” (2013), Economic Modelling, Vol 32. Pp 1-9. |
18. | “Urbanization of multidimensional poverty: empirical evidences from Pakistan” (2015), Quality & Quantity. Vol. 49. No. 1. |
19. | “Measuring Business Cycle and Inflation Forecast: The Case of Pakistan” (2015). Research Journal of Finance and Accounting. Vol 6. No. 9. |
20. | “Patenting, Licensing, Trade, Foreign Direct Investment and Economic Growth: A Panel Data Analysis of Middle and Low Income Countries” (2013), Journal of Intellectual Property Rights, Vol.18, September, pages 475-484. |
21. | “The Contemporaneous Correlation of Structural Shocks and Inflation— Output Variability in Pakistan” (2011), Pakistan Development Review. Vol 50, No. 2. Pp 145-162. |
22. | “Structural Decomposition of Exchange Rate Shocks in Pakistan: An Empirical Investigation using SVAR Methodology” (2011), Review of Transition Studies. Vol 18. Pp 124-138. |
23. | “The Economics of Inflation, Issues in the Design of Monetary Policy Rule, and Monetary Policy Reaction Function in Pakistan” (2011) The Lahore Journal of Economics, Vol 16, September, 215-232 |
24. | “Testing Harrod-Balassa-Samuelson Hypothesis: The Case of Pakistan” (2011), Pakistan Development Review Vol 50. No. 4. 379-399. |
25. | “Taylor Rule and the Macroeconomic Performance in Pakistan” (2010), Pakistan Development Review Vol 49 No 1, 37-56 |
26. | “Budget Balance through Revenue or Spending Adjustment: Evidence from Pakistan” (2010) The Pakistan Development Review, Vol 50, No 4. |
27. | “Price Setting Behaviour of Pakistani Firms: Evidence from Four Industrial Cities of Punjab” (2008), The Pakistan Development Review, Vol 47, No 3, pp 247-66. |
28. | “The Cost of Unserved Energy: Evidence from Selected Industrial Cities of Pakistan” (2008) The Pakistan Development Review, Vol 47, No3, pp: 227-46. |
29. | “The Fiscal Reaction Function and Transmission Mechanism for Pakistan” (2007) Pakistan Development Review. Vol. 46. No. 4. Pp 435-447. |
30. | “New Keynesian Phillips Curve for Pakistan” (2007) Pakistan Development Review. Vol. 46. No. 4. Pp 395-404. |
31. | “Dynamics of Wheat Market Integration in Northern Punjab, Pakistan” (2007) Pakistan Development Review. Vol. 46. No. 4. |
32. | “Money, Output and Inflation: Evidence from Pakistan” (2006), Pakistan Development Review. Vol. 45. No. 4. Pp 1277-1286. |
33. | “Perception Survey of Civil Servants: A preliminary Report” (2006), Pakistan Development Review. Vol 45. No. 4. |
34. | “Phillips Curve Relationship over the Business Cycle: Evidence from Pakistan” (2006) Kashmir Economic Review |
Published Books | Number of books published: 02 |
1. | “The Integration of Financial Markets: Empirical Evidence from Pakistan” (2012) LAP LAMBERT Academic Publishing |
2. | “Faith Based Disaster Management” (2007), Published by Kashmir Institute of Economics and funded by Harvard University, USA |
Working Papers | Number of Working Papers: 08 (04 published in journals, therefore not mentioned here) |
1. | “A Structural VAR (SVAR) Approach to Cost Channel of Monetary Policy” PIDE Working Paper (2010) |
2. | “Monetary Policy Objectives in Pakistan: An Empirical Investigation” PIDE Working Paper no 35, (2007) |
3. | “Monetary Policy Transparency in Pakistan: An Independent Analysis” PIDE Working Paper 44, (2008) |
4. | “Impact of Organizational Justice on Employees’ Job Satisfaction: Evidence from Pakistan” International Conference on Management Proceedings (2011) |
Research Projects | |
With Adam Smith International | Worked as OOSC Analyst in the project titled “Out of School Children Survey (2021) in Khyber Pakhtunkhwa” Responsibilities: sampling plan, questionnaire design, field visits for monitoring, data analysis and preparation of survey report. |
With World Bank Group | 1. “Saving and Growth”, Did simulations for savings required to achieve a given economic growth target and economic growth rate given the existing saving rate. |
2. | “Public Expenditure Review: Sindh” Wrote two chapters on current expenditure and revenues |
3. | “Second Customs Reforms and Trade Facilitation Project” for Afghanistan. Did economic analysis for ICRR |
4. | “Punjab Cities Governance Improvement Project” did economic analysis for ICRR. |
5. | “Disaster and Climate Resilience Improvement Project” did economic analysis for ICRR |
6. | “Balochistan Livelihoods And Entrepreneruship Project” did economic analysis for PAD |
7. | “Growth and Investment in Pakistan” comments |
8. | “Punjab Revenue Mobilization Program” did economic analysis for PAD |
9. | “MSAN Project for Sindh” did economic analysis for PAD |
10. | Punjab Sanitation And Nutrition Improvement Project (PSNIP), did economic analysis for PAD |
11. | “Disaster and Climate Resilience Improvement Project” did economic analysis for PAD |
12. | “Pakistan Revenue Mobilization Project” did economic analysis for PAD |
With Pakistan Institute of Development Economics | |
1. | “Price Setting Behaviour of Pakistani Firms: A Case Study of Four Industrial Cities of Punjab” (2008) worked as Team Leader. Project was funded by PIDE |
2. | “Perception Survey of Civil Servants”. (2006). Involved in all stages (questionnaire design, data collection, data entry and screening, report writing etc.) of the survey. funded by PIDE |
With Other Institutions | |
1. | “Capacity Building of Analysts working in Ministry of Finance, Islamabad” (2018) funded by Oxford Policy Management (worked as trainer and wrote a report) |
2. | “Faith Based Disaster Management” (2007) funded by Harvard University USA (involved in Report writing) |
3. | “Social Audit of Governance and Delivery of Public Services” (2010) funded by UNDP (involved in questionnaire design and data collection) |
Trainings | Experience of trainings on Applied Econometrics using EViews, SPSS and RATS; Macroeconomics and Fiscal Policy. |
1. | Delivered Lectures to Parliamentarians (Senators, Members National Assembly, Members of all Provincial Assemblies) on Budget related issues (for the last 5 years) |
2. | Conducted training of E.Views for researcher of Ministry of Finance organized by Oxford Policy Management |
3. | Conducted Training on Inflation organized by Gtz and Pakistan Bureau of Statistics. |
4. | Conducted training on Time Series Analysis at Abdul Wali Khan University Mardan |
5. | Conducted training on Time Series Analysis at University of Peshawar |
6. | Worked as Resource Person for Pakistan Institute of Development Economics (PIDE) Training on Forecasting, Financial Modeling, Econometrics using EViews, Gender and Islam, and Macroeconomics |
7. | Worked as resource person for Training of Econometric Software (EViews and RATS) organized by Quaid-i-Azam University (QAU), Islamabad (Summer of each year in the last five years). |
8. | Worked as resource person for State Bank of Pakistan Training Program on Econometric Forecasting using EViews and RATS at National Institute of Banking and Finance (NIBAF), Karachi. |
9. | Worked as resource person for State Bank of Pakistan Training Program on Applied Econometrics using EViews at NIBAF, Islamabad. (Regular trainer since 2007). |
10. | Worked as Resource Person for HEC Training on Macroeconomics |
11. | Worked as Resource Person at Pakistan Bureau of Statistics (PBS) for Training on Econometrics using EViews. |
12. | Worked as Resource Person at Ministry of Women Development for Training course on Macroeconomic and Gender Issues |
13. | Delivered Lectures on Economics, Economy of Pakistan, International Trade, International Finance, and Econometrics for State Bank’s Officers at NIBAF, Islamabad. |
14. | Worked as Resource Person at Pakistan Agriculture Research Council (PARC) for Training on Econometrics and International Trade. |
Thesis Supervision at Ph.D Level |
Ph.D Thesis supervised | Number of PhD Thesis supervised: 17 |
| Worked as supervisor |
1. | “Estimating the Optimal Monetary Policy Rule for Pakistan” by Ghulam Saghir in 2014 |
2. | “Fiscal Theory of Price Level: Evidence from Pakistan” by Abdul Sattar in 2014 |
3. | “The Dynamic Effects of Fiscal Policy Shocks on Economic Activity: Evidence from Disaggregated Data of Pakistan” by Saima Shafiq in 2016 |
4. | “Economics of Illiteracy: Definitions, Determinants, and Costs” by Javed Mahmood Malik in 2016 |
5. | “Price Rigidity in Pakistan: Evidence from Disaggregated CPI Data” by Talah Numan Khan in 2019 |
6. | “Expectations Formation in Learning and Myopic Environment” by Waqqas Qayyum in 2019 |
7. | “Asset Prices and Business Cycle Fluctuations: The Role of Money Revisited” by Hina Shafiq in 2019 |
8. | “Efficiency and Quality Nexus: Evidence from Healthcare Facilities in Pakistan” by Saima Bahir in 2020 |
9. | “Monetary Policy and Income Distribution: The role of Asset Prices” by Sidra Mariyam in 2021 |
10. | “Corporate Governance, Financial Reporting Quality and Financial Distress: Evidence from Pakistan” by Syed Farhan Shah in 2021 |
| Worked as Co-supervisor |
11. | “The Effects of Monetary Policy Rules on Welfare and Business Cycle in an Open Economy Framework” by Muhammad Tariq in 2010 |
12. | “Monetary Policy in an Uncertain World: The Case of Pakistan” by Ahsan ul Haq in 2013 |
13. | “Sacrifice Ratio and Inflation Forecasting: A Case Study of Pakistan” by Zobia Bhatti |
14. | “Essays on Monetary Policy in Pakistan” by Tasneem Alam in 2015 |
15. | “Mapping and Measuring of Multidimensional Poverty in Pakistan: Static and Dynamic Approach” by Ataullah in 2011 |
16. | “Intellectual Property Rights, Technological Transfers and Economic Growth” by Abdul Sattar in 2013 |
17. | “Tracking the Dynamics of Interaction between Fiscal and Monetary Policies in |
| Pakistan” by Muhammad Shahid. |