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PAKISTAN HOSTS FORUM ON MANAGEMENT OF ECONOMY

Monday, April 28, 2008; Posted: 03:52 AM

LAHORE, Apr 28, 2008 (AsiaPulse via COMTEX) -- -- The Lahore School of Economics (LSE) hosted the Fourth Annual Conference on the Management of the Pakistan Economy from April 24 to April 25, 2008.

The theme of the conference was: `Ensuring Stable and Inclusive Growth', keeping in view immediate and medium term decisions that have to be made by policy makers in the (new) post-election provincial and federal governments.

The keynote address was delivered by Dr Shahid Javed Burki, former Minister of Finance and Vice President of the World Bank.

In order to discuss pressing concerns such as poverty and inequality, and, economic problems such as inflation, the conference gathered leading economists and former policy makers such as Dr Hafeez Sheikh, former Minister of Privatisation and Minister of Finance, Sindh, Riaz Riazuddin, Economic Advisor, State Bank of Pakistan, Shahid Kardar former Minister of Finance, Punjab, Dr Ijaz Nabi, Sector Manager, Economic Policy South Asia Region, World Bank and Dr Hafiz Pasha ,former Regional Director for Asia and Pacific and currently, Dean of the School of Social Science and Vice Chairman of the Institute of Public Policy, BNU, and, Dr. Rashid Amjad, former Director for Policy Planning, Employment, ILO and currently Vice Chancellor, Pakistan Institute of Development Economics.

Further, leading academicians such as Dr Ali Cheema, Acting Head of Economics, LUMS and Economists from the private sector such as Sakib Sherani, Chief Economist, ABN Amro Bank and Dr. Sohail Malik, Chairman, Innovative Development Strategies (Pvt) Ltd attended the conference.

In addition, Dr. Rajiv Kumar, Director and Chief Executive, Indian Council for Research on International Economic Relations presented his views as well.

The Lahore School of Economics (est. 1993) has been organizing the annual conference on economic and policy issues since 2005.

In line with its objective to impart knowledge and train young Pakistanis as economists, analysts, managers and business executives, the essential aim of the annual conference was to promote a dialogue/discussion on key economic management and strategic issues facing the country.

The sessions held on the first day focused on: (i)Unfinished Reform Agenda in the areas of trade, banking, finance etc.,(ii) Inclusive Growth and Poverty - addressing the impact of growth on income inequalities and poverty reduction.

This was followed by a panel discussion on Regional Inequalities and their impact on political instability and economic development.

The highlight of the second day was a panel discussion on Inflation, Macroeconomic Stability and Growth, seeking to address the impact of international commodity price hikes on inflation and supply shortages in Pakistan, in addition to inefficiencies that prevail in the domestic price determination of food and oil.

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