Pakistan News

    Lahore School Of Economics Dance Mat

  • NBP pulls welcome mat from under customers’ feet

    KARACHI: People with some business to take care of at the National Bank of Pakistan (NBP) faced frustration on Saturday when they found the branches open on Saturday as per an order by the State Bank of Pakistan but their computers down...

    “We have been here since 9am and we are still here at 1pm and nothing is being done
  • Richard Thaler of US wins Nobel Economics Prize

    US economist Richard Thaler on Monday won the Nobel Economics Prize for his pioneering work bridging the gap between economics and psychology, the jury said...

    “His empirical findings and theoretical insights have been instrumental in creating the new and rapidly expanding field of behavioural economics, which has had a profound impact on many areas of economic research and policy...

  • Richard Thaler wins Nobel for work in behavioural economics

    STOCKHOLM: The Nobel prize in economics was awarded on Monday to Richard Thaler of the University of Chicago for research showing how people’s choices on economic matters whether on savings or game shows like “Deal or No Deal” are not always rational...

    1-million) prize for “understanding the psychology of economics,” Swedish Academy of Sciences secretary Goran Hansson said on Monday...

  • EIDUL AZHA: THE ECONOMICS OF SACRIFICE

    “Be careful! Don’t step on the dung!” my guide warns me as I make my way through the cattle enclosures...

    Besides watching your step, a day at any of the markets for sacrificial animals is spent watching the four-legged creatures munching away on their assortment of fodder as you look for the best bargains among them
  • Smokers’ Corner: Economics of spirituality

    ‘Folk Islam?’ Yes, Folk Islam — the strand of faith that still drives the everyday lives of millions of Pakistanis, especially in the country’s vast rural and semi-rural areas...

    And yet, till about 35 years ago, its social and cultural dynamics were intertwined with large segments of the country’s urban milieus as well
  • John Nash’s unique approach produced quantum leaps in economics and maths

    Nash is most famous for his research into game theory, the maths of decision-making and strategy, since it was this work that led to his being awarded the 1994 Nobel in economics...

    The mathematician Mikhail Gromov once said: “What [Nash] has done in geometry is, from my point of view, incomparably greater than what he has done in economics, by many orders of magnitude...

  • The taste and economics of Daal Chawal

    Posh traditional and continental food outlets may beckon you across the twin cities of Rawalpindi and Islamabad, but it is the simple Daal Chawal that attracts the hungry most - at least in the garrison city...

    As you struggle through the traffic jungle from Murree Road to Fawara Chowk, you spot a long row of food outlets offering bar-be-que, roasted chicken, mutton and beef kebabs, fried fish, Samosa, Dahi Bhalay and many other...
  • CII chief re-writes history, economics

    Addressing a press conference on Wednesday after the conclusion of a two-day workshop on ‘Islamic system of economics and the modern era’, CII Chairman Maulana Mohammad Khan Sheerani said that paper money was the root cause of all faults in financial systems...

  • Poverty expert Deaton wins Nobel Economics Prize

    STOCKHOLM: US-British economist Angus Deaton won the Nobel Economics Prize on Monday for ground-breaking work using household surveys to show how consumers, particularly the poor, decide what to buy and how policymakers can help them...

    “By emphasising the links between individual consumption decisions and outcomes for the whole economy, his work has helped transform modern microeconomics, macroeconomics and development economics,”...

  • Economics of self-respect

    (As an aside, it is ironic that the US was pushing for trade liberalisation, given how its own protectionist tendencies and the conflating of geopolitics with economics was on full display in the recently-signed Trans-Pacific Partnership trade deal)...

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