UCP - Young Economists Forum

A great achievement by our BS student, Aleeha Ghazanfar who is an intern at the Pakistan Institute of Development
Economics, Lahore . Aleeha is student of BS economics (7th semester) at UCP.
🌟 Her first opinion based editorials got published at Friday times .

https://thefridaytimes.com/29-Sep-2023/rethinking-higher-education-in-pakistan-bridging-the-gap-between-knowledge-and-employability

Admission Announcement: BS in Economics (Finance)

Unlock the realm of finance and economics! Applications now open for our BS program. Prepare for a rewarding career in finance.

University of Central Punjab
www.ucp.edu.pk
03164339331

Admission Announcement: BS in Economics (Data Analytics)

Combine the power of economics and data analytics! Apply now for our BS program. Shape a data-driven future in economics.

University of Central Punjab
www.ucp.edu.pk
03164339331

Admission Announcement: BS in Economics

Discover the world of economics with our BS program! Admissions open now. Uncover opportunities for a brighter future. Apply today!

University of Central Punjab
www.ucp.edu.pk
03164349331

Certificate Distribution Ceremony 🎓🌟

We are thrilled to announce that our Certificate Distribution Ceremony for extraordinary student performance and dedication has been successfully concluded!
Respected Patron of UCP - Young Economists Forum Ms Nimra Riaz distributed the certificate among students and encouraged them for future.
Congratulations to all the exceptional students who were honored for their remarkable achievements. 🏆✨

Admission Announcement: BS Economics with Specializations in Data Science, Development Economics, Finance, and Business Management.

Join our Bachelor of Science (BS) program in Economics with specializations in Data Science, Development Economics, Finance, and Business Management. Gain a comprehensive understanding of economics while specializing in your chosen field. Contact us for more information and to apply.

Contact Details:
Email: [email protected]
Wattsapp: +92 316 4339331

On 7th june 2023, Prior to upcoming budget of Pakistan’s FY 2023-24, Young Economists Forum held a pre-budget seminar and honored to invite the guest speakers Muhammad Shoaib Malik (M*F- Fiscal Expert) & Mr. Iqbal Hussain (CEO- Public Private Partnership, Punjab). Both the experts of their respective fields shared their vast experiences and shed light on how the Government designed the budget, expenditures for development and various components of budget allocation.

📢 Exciting Announcement: Pre-Budget Seminar at University of Central Punjab! 🎓💼

🗓 Date: 7th june 2023
⏰ Time: 11:00 am
📍 Venue: Webinar room, C Building

We are thrilled to inform you that UCP - Young Economists Forum is hosting an eagerly anticipated Pre-Budget Seminar. This highly informative event aims to shed light on the upcoming budget and its potential implications on various sectors of the economy.

Circular debt is a term that refers to a situation when multiple parties owe money to each other in a cyclic manner.
In a practical example think about the government (state bank) giving money to commercial banks at a discount rate and these banks gives that money to businessman then they invest. But now government needs money to meet its expenses and they take a loan through bonds and securities etc.
“Means government make a loan and ultimately lend it back”
Now the circular debt of Pakistan's energy sector was 2467 billion rupees which is around $16 billion. This debt trap raised due to the government was providing energy on loss for a longer period and the second reason was the usableness of the state to recover dues from consumers.

The report shows Pakistan registered growth in wheat production, revenue collection, and fiscal inflows, while the LSM sector and inflation were disappointing.
According to IMF global economy is to face a decline of 2.8% in 2023 due to increasing inflation worldwide, Russia Ukraine war as well as the Chinese recovery from covid. But expected growth in the economies of Pakistan's trading partners like the USA and China will have a spillover effect on Pakistan's economy.
The recent report by the finance division of the government of Pakistan shows that the agriculture sector of Pakistan in Rabi 2022-23 performed well. Wheat production increased by 1.6%, while potato showed a growth of 1.9% and tomato by 1.2 but unfortunately, gram production declined by 1%. Also, during Jul-mar FY2023 AGRICULTURE CREADET disbursements increased by 263.6 billion. Also, the input situation in Kharif 2023 will be satisfactory.
On the other hand, the LSM sector lagged with a decline of 5.56% during Jul-Feb FY2023, which was caused by policy measures for imbalances, disrupted supply chain, and global recession but 4 sectors including wearing apparel, leather products, furniture, and football showed positive growth. While increased input prices, tightened auto finance, and import restrictions declined car manufacturing by 43.3% and sales by 50.3% with the sale of petroleum products also declining by 21%. Cement dispatches declined by 17.65 but export shipments surged by 48.65.
Battle of Pakistan for inflation also faced defeat by 3.7% at 35.4% compared to last month which was 31.5.
The total federal reserves of Pakistan increased by 32% in Jul-Feb FY2023 this growth was supported by 18% growth in taxed revenue and 35% in non-tax revenue. The increase in non-tax revenue was supported by higher petroleum levies, higher markup payments, dividends, PTA profit, passport fees, and royalties on oil and gas during the first eight months of the fiscal year. On the other hand, total expenditure grew by 11.5%. this sharp increase in revenue decreased the fiscal deficit by 2.8%.
During the first nine months of the fiscal year FBR provisional tax collection increased by 18% to 5156 billion rupees compared to 4376 billion in the last year. While in the month of march, it grew by 15% to 662 billion. Tax collection was below the target due to import contraction and domestic and global economic situation. Component wise direct tax increased by 46 % while indirect tax grew by 1.8%.
The monitory policy committee increased the policy rate by 100 basis points to 21% on the 4th Aprile due to higher inflation. While in March money supply showed a growth of 4.3%.
While the current account posted a surplus of $654 million mainly due to the contraction of imports. Total exports during Jul-Mar FY2023 stood at $21 billion ($23.3 billion last year) and declined by 9.8 percent. Major exports were raw cotton, fish, footballs, foot wears, surgical and medical instruments, and pharmaceutical products. Total imports were $43.9 billion ($ 58.8 billion last year) and thus declined by 25.4%. major products were petroleum, medicinal products, natural gas, palm oil, plastic material, and iron & steel.
FDI during Jul-Mar FY2023 decreased by 22.5% compared to last year. Worker remittances decreased by 10.8% and foreign exchange reserves stood at 10 billion on 26 April.

On 8th march, We had this remarkable opportunity to visit National Agriculture Research Council, Islamabad. During our visit, the management of the NARC arranged a seminar for us, informing us about the framework and functioning of the National Agriculture Research Council conducted by DR. Ghulam Sadiq. Additionally, we were also briefed about National Agriculture Research Center. They elaborated about the working and sub division of the council and how they made policy related to agriculture and how its effect on gender, environment and other factor is captured. They also offered the collaborating and internship opportunity for student conducting Research in the relevant field of NARC.