Lahore, The Lahore School of Economics recently concluded its Annual Conference on the Management of the Pakistan Economy, featuring a robust lineup of experts discussing critical aspects of the nation’s economic challenges and opportunities. The conference, spanning several days, provided a platform for in-depth analysis and policy recommendations aimed at stabilizing and growing Pakistan’s economy.

According to Lahore School of Economics, the event opened with remarks from the rector, Dr. Shahid Amjad Chaudhry, who emphasized the significance of the 17 papers presented during the conference. These papers covered a broad range of topics, including economic growth projections, inflation, fiscal policies, and the importance of trade and innovation within key sectors of the economy.

The presentations offered a variety of insights and proposals. Dr. Moazam Mahmood, Seemab Sajjid, and Amna Noor Fatima projected a modest growth rate for the Pakistani economy and highlighted the urgent need for increased social transfers to combat rising poverty due to inflation. In contrast, Dr. Naved Hamid and Dr. Murtaza Syed advocated for high interest rates to manage inflation effectively, despite its complex causes.

A significant focus was also placed on the structural changes required within government roles, as discussed by Dr. Rashid Amjad and Almazia Shahzad, who argued for a realignment of responsibilities between federal and provincial governments to foster economic growth and stability.

Additionally, the conference tackled the critical issue of Pakistan’s stagnant exports. Dr. Azam Chaudhry, Gul Andaman, and Aymen Junaid proposed an export-led industrial policy, emphasizing the need for supportive measures such as credit provision to exporters and reduced import tariffs on key inputs.

Day 2 of the conference shifted focus to innovation and labor market dynamics, including the impact of management practices on productivity within family-owned firms and the different innovation approaches in the textile, light engineering, and automotive sectors.

The conference concluded with a forward-looking statement by Dr. Shahid Amjad Chaudhry, stressing the need for substantial social welfare programs and a strategic overhaul in provincial development roles to address both immediate and long-term economic challenges.