MASTER OF APPLIED ECONOMICS
SECTION 1
Program Mission, Objectives and Outcomes
1.1. About IM|Sciences
The Institute of Management Sciences, based in Peshawar, Khyber Pakhtunkhwa, is a young,
innovative, and enterprising business school en route to compete with the foremost management
schools of the country. The Institute is dedicated to its unique approach (at least in the region) of
providing management and economics education based in cutting-edge research and
comprehensive training. Unlike conventional academic institutes, IM|Sciences broadens its
educational focus in response to new trends in the developing field of management and applied
economics. Based on the social values of integrity, honesty, professional excellence and a broad
vision of life, the Institute aims to provide educational experience that transforms its students
into business leaders at par with international managers, executives, and entrepreneurs. Since its
inception in 1995, the school’s academic rigor and avant-garde approach to management and
economics education have produced alumnae that shape the world of business and economics at
regional, national, and international level.
1.2. IM|Sciences Mission Statement
The Institute’s comprehensive mission is to establish a self-conscious, learned, and selfregulating society in which individuals recognize their roles as accountable to the public good.
More specifically, the institute aim to provide advanced knowledge of the art, science, and
technology of business and economics through teaching, research, and training in order to
produce leading executives, managers, software engineers, professional economists as well as
computer scientists that can venture to shape the practice of business in every industry and
become a catalyst for social and economic development.
To achieve this, the institute:
 Offer diverse programs based on curriculum that is in line with the varying management
and economic trends.
 Provide exceptional faculty that aims to advance management economic theory and
practice by analyzing knowledge through learning, research, classroom application, and
service in public and private sectors.
 Attract students with outstanding intellectual ability that is dedicated to personal as well
as social, and economic development of Pakistan.
The institute’s all-encompassing mission is to attest to the world the fact that a relatively
underprivileged region has the potential to reach beyond social, political, and security barriers to
educate and produce outstanding leaders for tomorrow.
1.3. The M.Sc Applied Economics Programme Mission Statement
The mission of MSc applied economics is to provide a flexible environment of learning and
analytic skills through teaching, training, research and collaboration, based on equal
opportunities. To understand the theories and their application and develop new theories through
logic and simulation that explain and predict the behaviours more accurately in order to find
optimal solution for the problem(s) faced by the agents in the field of economics and
management that formulate their policies more effectively.
1.4. Objectives

Develop and promote a dynamic research culture, encourage new ideas, provide easy
access to information resources, interaction, cooperation and collaboration with
institutions and organizations.

To develop analytical skills and enhance the faculty and students ability of understanding
issues, policy formulation and decision making

Develop an efficient approach to market parameters, produce graduates according to the
market requirements, and sustain high level of professionalism
SECTION 2
CURRICULUM DESIGN AND ORGANIZATION
2.1. DEGREE TITLE:
MASTER OF APPLIED ECONOMICS (M.Sc Applied Economics)
2.2. Definition of Credit Unit
An academic semester represents 16 weeks of classes, exclusive of three monthly and one
comprehensive exam.
2.3. Degree Plan
The Master of Applied Economics (MAE) Program offered by the Institute to provide practical
track program to candidates with interests in the field of economics. This program is designed to
provide option to the student to get specialization either of economic growth and development
and Finance. This program will help students to acquire sound foundation for pursuing higher
academic degrees, and to have a successful career. Through the program, the students will have
the capability to analyze, design and solve issues related with economics and finance.
2.4. ASSESMENT OF THE MASTER OF APPLIED ECONOMICS
CURRICULUM
Standard 2-1: Core Objectives
The curriculums support the program objectives and consistent with the market dynamism. The
graduates of the program get specialization in different field of economics containing Finance
and economic growth and development. Graduates of the Applied Economics program will have
an educational background that is conducive to employment in banking or financial institutions,
insurance, corporate strategic planning, real estate, journalism, management, marketing, labor
arbitration, regulation, environmental and urban and regional planning. Graduates may also
choose to undertake further studies in Ph.D. programs in different areas of Economics as well as
additional studies in Business.
Standard 2-2: Theory and Quantitative Analysis
The master’s program in Applied Economics emphasizes the application of economic tools to
real socio-economic problems and developments in Economics as evident in the growing
Economics literature. Students are introduced to the micro and macroeconomic theories that
guide empirical applications in applied fields in Economics, quantitative methods for addressing
economic problems and cross-disciplinary perspectives on such problems. Students have access
to the computing facilities in the Institute’s Computing Labs. The Institute has many computing
laboratories with hundreds of computers that are network linked and equipped with major social
science software packages, including EViews, R. Rats, SPSS and STATA.
Standard 2-3: Core Requirements
This programme aims at training competent applied economists and potential theoretical
researchers. To achieve this objective, the programme is designed to strike a good balance
between advanced theoretical coverage and applied economic analyses from the real world. We
endeavour to ensure that our graduates are able to analyze economic issues relevant to their work
and develop strategies to cope with the changing economic environment. Specifically, this
programme equips graduates with
1. Advanced training in analytical and critical thinking skills for studying economic issues;
2. A solid understanding of the reasoning underlying economic behaviour of consumers,
workers, firms, and other economic institutions;
3. Advanced theoretical and empirical tools to analyze the impact of economic policies, the
current economic environment and its future trend, and
4. Knowledge of methods of economic data analysis and business research, so that students
can attain a good balance between theory and practice in their learning.
Projected Plan, MSc Applied Economics
1st Semester
S.No
Course Code
Course Title
Cr. Hours
1
Econ501
Micro Economics Theory & Policy
3
2
Econ502
Quantitative & Statistical Tech.
4
3
Econ503
Computer Applications
4
4
Econ504
Research Methodology
4
Course Code
Course Title
1
Econ505
Microeconomics Theory & Applications
3
2
Econ506
Econometrics Methods
4
3
Econ507
Contemporary Economic Issues in Pakistan
2
4
Econ508
Financial Accounting & Business Finance
3
5
Econ509
Communication Skills
3
Course Code
Course Title
Econ510
International Finance
3
2
Elective-I
3
3
Elective-II
3
4
Elective-III
3
5
Elective-IV
3
2nd Semester
S.No
Cr. Hours
3rd Semester
S.No
1
Cr. Hours
4th Semester
S.No
Course Code
Course Title
Econ511
Globalization
3
2
Elective-I
3
3
Elective-II
3
4
Elective-III
3
5
Elective-IV
3
Research / Dissertation
6
1
6
Econ630
Cr. Hours
ELECTIVE COURSES
Development Economics
Finance
General Electives
1 Economic Development & Growth
1 Financial Management
1 Governance
2 Cost Benefit Analysis
2 Marketing of Financial Services
2 Consumer Psychology
3 Public Sector Economics
3 Corporate Finance
3 Sociology
4 Development Finance
4 Investment & Portfolio Management
4 Women & Development
5 Agriculture Economics
5 Small Business Finance
5 Human Resource Development
6 Islamic Economics & Finance
6 Credit Management in Banks
6 Rural Development
7 Economics of Labor Market
7 Money, Banking & Finance
8 Industrial Economics & Public Policy
8 Investment Analysis
9 Urban Economics
9 Information Technology & E-Banking
10 Poverty & Sustainable Development
10 Banking: Commercial & Central
11 Business Economics
11 Real Estate Investment & Finance
Standard 2-4: Major Requirements as Specified by HEC
The M.Sc. Program in Applied Economics has been designed to develop economic reasoning,
and to construct and estimate economic models through the use of econometrics and other
quantitative techniques. This is accomplished by a rigorous and demanding curriculum and a
brilliant and committed faculty. The foundation for intelligent economic reasoning is laid with
courses in Microeconomic and Macroeconomic Theory whereas Statistics and Econometrics
create the foundation for empirical analysis. These skills are further enhanced through a diverse
array of colloquia that provide detailed knowledge of specific areas of economics besides
facilitating additional experience in economic modelling and econometric estimation.
Standard 2-5: Information Technology Contents
The program includes courses that help students to utilize the advance computing technology.
This includes System Analysis and Design, Office Management Tools. The contents of the
courses are focused on the program objective. These outlines are systematically developed by the
IT and experts from economics in order to meet the desired standards.
SECTION 3
LABORATORIES AND COMPUTING FACILITIES
3.1. Introduction
The M.Sc Applied ecomonics program is facilitated by the IT-Section in availability of
computers labs. There are eight computer labs in total. Out of these, four labs (each of which
have at least 30 computers) are used for lectures and the other four labs (with more than 80
computers each) are used by student for their research and assignments. . Two labs are located on
each floor of the Institute. Along with this the students have access to computer facilities in the
library as well. Students also have access to HEC digital library and can download new research
articles from the registered websites like J-Store, which is paid by the Institute. Registered
software for advance research like SPSS, STATA, Gretel and EViews are taught in the program
and the softwares are available to students in computers lab.
Standard 3-1: Lab Manuals/Documentation/instructing.
Instructions about the usage of computers are distributed among students and the faculty.
Standard 3-2: Adequate personal support for labs
The personnel support is very limited in all labs. There is only one lab assistant in each lab that
takes care of the computers and facilitates teachers and students when required.
Standard 3-3: Adequate Computing Infrastructure and Facilities.
All faculty members and student have access to the modern technology of computing.
Multimedia facilities are available in each class for lectures and presentation. Apart from the lab
access, computers along with the internet are being provided to faculty members for their offices.
Video conferencing facility is available in the Institute through which students of M.Sc Applied
economics program are able to attend conferences, lectures and workshops at international and
national universities and organizations.
3.2. SAFETY PROCEDURES FOR COMPUTER LABS.
The M.Sc Applied economics program labs are used only for computing purpose, so the chance
of any incident is very rare. However, in case of emergency, such as fire or electric shock, the
labs are equipped with fire extinguisher. The Institutes first add medical lab is also available in
such situations.
SECTION 4
STUDENT SUPPORT AND GUIDANCE
4.1. Introduction
Our main aim is to produce the best graduate, which will be the best representative of the
Institute. Along with the taught courses, the other focus is on the development of personality
traits and vision of the students. The student counselling is considered as an important
responsibility in this regard. Our faculty dedicates extra time for students counselling to help
them in various problems regarding their education, career and social life.
4.2. Courses
Standard 4-1: Sufficient Frequency of Course Offering
The program successfully delivers all the required major and elective courses within the
stipulated time.
4.2.1. Core Courses
All M.Sc Applied economics core courses are offered every term per year. These core courses
offered almost every semester spread over whole duration of this degree.
4.2.2. Elective courses
Elective courses are offered the second semester commencing in two areas for specializing the
degree namely in Development and Finance.
4.3. STRUCTURE OF COURSES
Stand 4-2: Effective Faculty/Student Interaction
Courses are designed keeping in mind the effective and application aspects. The Student/teacher
interaction is the main theme of these courses. The following principles are observed to ensure
the creative and productive output.

Each class is made of 40 students at most.

75% attendance during the semester in each subject is mandatory.

At least 2 CGPA must be maintained by the students to retain their position in the
program

Students have to submit assignments and presentations in time.

Typically a M.Sc Applied economics course include three monthly exams and one
comprehensive exam

Faculty distributes outlines in the beginning of the semester and devotes their office
hours for students counselling.
4.4. Guidance to Students
Standard 4-3: Professional Advising and Counselling
The selection of best career and area of specialization according to the intellectual and learning
abilities is the one of the important decision for the students. The committed faculty makes sure
their availability and provides the best advice and counselling in this regard. Students are
provided up-to-date knowledge about the market demands.
Students counselling system
The career development centre has specially been developed for students counselling so that they
make the best possible decision about their career. Apart from career counselling, the program
coordinator resolves conflicts among students or with the faculty. In severe cases the parents are
also informed and requested for a visit to the institute.
Criterion 5 :Process Control
Standard 5-1: The process by which students are admitted to the program must be based
on quantitative and qualitative criteria and clearly documented. This process must be
periodically evaluated to ensure that it is meeting its objectives.
Admission criteria of the program:
The process of admitting the student to the program is clearly documented by admission
committee and is carried out by a quantitative and qualitative basis. Evaluation of this
process is performed every semester to ensure that its objectives are met. The process
consists of well-defined procedures and steps executed at the institute level.
Based upon the recommendation of the director, coordinator and admission committee, the
number of new students to be admitted in the following academic year is determined. (i.e.45
students per year)
1. Students with B.A. / B.Sc., B.Com, BBA or equivalent and having at least second
division securing 45% marks in aggregate are eligible to apply.
2. Qualifying the admission test and interview is compulsory.
3. A candidate scoring less than 40% marks in the test shall stand disqualified for the
admission.
4. Have a good record of conduct.
5. Have approval from employers in case he/she is employed.
Transfer from outside the University/ from another program inside the Institute:
The admission to any degree programme of IMSciences through migration from any other
institute/university is not allowed under any circumstances.
Standard 5-2: The process by which students are registered in the program and monitoring
of students’ progress to ensure timely completion of the program must be documented.
This process must be periodically evaluated to ensure that it is meeting its objectives.

After the final selection of the students in the admission process, students are asked to
register in the subjects listed and identified by the semester committee (consisted by
coordinator and faculty members).
Students’ academic progress is monitored by continuous assessment:
a. Attendance:


Every student of the Institute is required to maintain at least 80% of the attendance in
each course.
A student who fails to meet the minimum requirements of attendance in any course will
not be allowed to sit for final examination for that course(s).
b. Evaluation and Grading:









The performance of students is evaluated through a continuous testing procedure spread
over the entire period of studies/semester.
Besides the semester's final examination, which carries forty percent of the total marks,
there will be a number of tests, term papers, assignments, presentations and short quizzes.
Hourly examinations will be administered every month and thus students are required to
appear in three such examinations for each course in a semester (the two best scores will
be counted towards the final grade).
A number of surprise quizzes will be given during classes to monitor the day to day
progress of the students.
Moreover, the performance of students in class discussions, written assignments, research
reports etc., will be evaluated to form a part of their overall grades.
If the requirements are not met within this time limit, the student's grade in that course
will be converted into a 'fail'.
No “Make Up' examination will be allowed in any course under any circumstances.
A Grade Point Average (GPA) will be computed at the end of the course for all students.
Final letter grades in each course will be converted to grade points.
Standard 5-3: The process of recruiting and retaining highly qualified faculty members
must be in place and clearly documented. Also processes and procedures for faculty
evaluation, promotion must be consistent with institution mission statement. These
processes must be periodically evaluated to ensure that it is meeting with its objectives.
A coordinator/faculty meeting at the start of the semester is held to ensure that highly qualified
faculty is recruited to the program.
Faculty appointments are generally made from candidate’s outstanding technical competence and
on the basis of demonstrated achievement in teaching, research and industrial experience.
Procedure for recruiting new professorial rank faculty and lecturers
Resumes are forwarded to the Director, IMSciences, which are forwarded to the relevant course
coordinators. Course Coordinators review the resumes and if they feel the qualifications and
experience are relevant with the objectives of the Institute, they forward it to the Coordinator
Establishment for demo. So, demos are called on the recommendations of Course Coordinators.
The existing roadmap for appointment of faculty members is given below:
1. Appointment on Visiting Basis
2. Appointment on Contract Basis on Fixed Pay Package
3. Appointment on Contract Basis on IMSciences Pay Scale
4. Confirmation of Services in IMSciences Pay Scale
5. Miscellaneous
Details are given below:
1st Step:
Visiting Faculty Appointment
Recommendations of the panel are ascertained as:
 Recommended Candidates:
minimum Marks ≥ 70
 Call for Next Demo:
minimum Marks ≥ 60
 Not Recommended Candidates:
Marks < 60
Recommended Candidates:
Subject to the availability of courses relating to specialization of the applicant and on
recommendations of Demo Panel Members courses are assigned on visiting basis to the new
appointee initially for a semester.
Based upon satisfactory performance of first semester, courses for second semester are offered.
Two consecutive semesters satisfactory evaluations spreading over a year makes a visiting
faculty eligible for contract appointment on a fixed package.
Call for Next Demo:
The candidates under this category have potential to teach, however, in order to improve their
teaching skills the Advisory Committee in its meeting held on June 8, 2010 has recommended
minimum of six months duration. After six months the Institute may give a chance to these
candidates to give a 2nd demonstration.
Not Recommended:
These candidates cannot be assigned classes. However, the Advisory Committee in its meeting
held on June 8, 2010 has recommended that candidates on their request may be called for demo
second time after a period of six months.
2nd Step:
Contract Appointment on Fixed Pay Package:
The Course Coordinator determines performance of the visiting faculty. The parameters of
performance are:


Students’ evaluation which includes course level and teaching ability of faculty
The visiting faculty code of conduct during stay at the Institute
On the basis of performance and evaluations during a year the Coordinator forwards case of
visiting faculty for contract appointment on fixed pay package which is offered in the respective
scale.
3rd Step:
Contract Appointment on IMSciences Pay Scale:
On the basis of satisfactory performance and evaluations during another year makes, a fixed pay
contract faculty eligible for contract appointment in IMSciences Pay Scale on the minimum payscale of the position, which allows them CPF contribution, health facility and other benefits
under the rules of the Institute.
4th Step:
Confirmation of Service in IMSciences Pay Scale:
The confirmation of services in IMSciences Pay Scale is subject to availability of budgeted
positions and qualifying the Selection Board.
Miscellaneous
On the recommendations of Director and keeping in view the qualification and experience the
applicant may be called for interview with the panel. Successful applicant may be assigned
contract or visiting classes.
Faculty Evaluation
Each faculty member is evaluated every semester on his performance in teaching, research and
other Institute services.
Theses evaluations are based on
 Teaching performance (checked through students input)
 Self-evaluation (through self-evaluation forms filled by faculty members
themselves)
 Coordinator evaluations.
To retain qualified faculty, the university offers the following support and financial
incentives:
The university has adopted Model Tenure Track Scheme offered by HEC. Faculty members with
high research profile are even awarded a maximum of 4 advance increments but the criteria for
these increments is not well defined.



Competitive salaries based on qualification and experience
Two months annual vacations
Increment in salaries based on the ratings of the faculty performance each year.




Facility in offering and organizing short courses.
Funds are granted for establishment of labs and research.
If a faculty member gets the acceptance of his research paper in an impact factor journal,
the processing fee is paid by the university.
On publishing a paper in an impact factor journal, the 1st and 2nd authors are given Rs.
15,000 and Rs. 5,000 respectively.
Standard 5-4: The process and procedures used to ensure that teaching and delivery of
course material to the students emphasizes active learning and that course learning
outcomes are met. The process must be periodically evaluated to ensure that it is meeting
its objectives.
In order to achieve excellence in teaching and learning, evaluation and process control of these
two factors are conducted regularly. Moreover the department puts a strong emphasis on utilizing
current modern technologies such as multimedia, audio visual facilities, computer animations
and models by instructors in order to enhance the quality of course material.



Continuous assessment (including quizzes, tests, assignment and presentation etc.) and
exams arranged in every semester are conducted to ensure that teaching and delivery of
course material is effective and focus on students learning.
Student’s response in the classes and their participation in the class discussion is another
tool used for the same purpose.
A meeting is held by the end of each semester to identify improvements in the process.
Standard 5-5: The process that ensures that graduates have completed the requirements of
the program must be based on standards, effective and clearly documented procedures.
This process must be periodically evaluated to ensure that it is meeting its objectives.
Degree Requirements


For Msc Applied Economics 2 year degree, completion of all specified and elective
courses according to the degree plan of the program (minimum of 66 credit hours (as per
HEC policy) including 6 credit hour research thesis/project).
Achievement of GPA of 2.00 or better for all courses offered.
GPA Requirements
 Students must maintain a minimum GPA/CGPA of 2.2 on a cumulative basis during the
course of their academic programme.
 Students with a GPA/CGPA of less than 2.0 will be dropped from the rolls of the Institute
forthwith.
 Students securing a GPA/CGPA between 2.0 and 2.2 will be on probation for one
semester.





At the end of the semester, students on probation will be required to improve their
GPA/CGPA to a minimum of 2.2.
If a student on probation shows an improvement, but his/her CGPA is still below 2.2
his/her probation may be extended for another semester.
Otherwise the student will be dropped from the rolls of the Institute.
If a student fails certain courses but manages to maintain the required GPA/CGPA,
he/she may be allowed to repeat and clear the course(s) or substitute(s) (wherever
permissible) before the degree is awarded.
The GPA is computed as follows: Sum of (credit hours x grade point) ÷ Sum of Credit
hours For Project/Dissertation, the evaluation of a student will be based on (a) Project
Report/Dissertation submitted by the student and (b) performance in Viva Voce.
Duration

The normal duration of MSc Applied Economics programme is 4 semesters.
Criterion 6 : Faculty
Standard 6-1: There must be enough full time faculty who are committed to the program to
provide adequate coverage of the program areas/courses with continuity and stability. The
interests and qualifications of all faculty members must be sufficient to teach all courses, plan,
modify and update courses and curricula. All faculty members must have a level of competence
that would normally be obtained through graduate work in the discipline. The majority of the
faculty must hold a Ph.D. in the discipline.
Faculty of Economics
S.No
NAME
1
Dr.Jehan
Z.Manan
2
Dr.S.Waqar
Hussain
3
Dr.Atta ur
Rehman
Employment
Status(FT, Academic
Designation Qualification
Contractual,
Degree
Foreign, PT)
Contract
PhD
Fac Mem
Ph. D, Boston
University,
USA, MA,
(Political
Science),
Boston
University,
MA
(Economics),
University of
Manitoba,
Canada, BSc,
London
School of
Economics
TTS
PhD
Asstt.Prof
Ph. D, UOP,
MA, UOP
TTS
PhD
Asstt.Prof
Date of
Joining
IMSciences
18-09-2006
8/11/2005
Ph. D, Institute 7/12/2009
for
Mathematical
Methods in
Economics,
University of
Technology
Vienna,
Austria
4
Dr.
Muhammad
Rafiq
5
TTS
PhD
Asstt.Prof
Mr.Mukamil Contract/Fix
Shah
Masters
Lecturer
6
Mr. Rehmat
Ali
Contract/Fix
Masters
Lecturer
7
Mr. Shahab
Nawaz
Contract/Fix
Masters
Lecturer
8
Mr. Asmat
Ullah
Contract/Fix
Masters
Lecturer
Ph. D,
Agricultural
University, M.
Phil, UOP,
MSc, UOP
M. Phil PIDE,
Islamabad,
MSc,
Malakand
University
Ph. D (in
progress),
PIDE,
Islamabad,
MA, UOP
MSc
Economics,
PIDE,
Islamabad,
BSc
Economics,
University of
Peshawar
MSc
Economics,
University of
Peshawar
27-12-1999
1/1/2011
1/3/2011
3/10/2011
01/01/2012
Full-Time Faculty Information:
FullTime
Faculty
Size
8

Number
of
faculty
Full
members with
Professors
PhD
MS
Associate
Professors
Assistant
Professors
Lecturers
Teaching
Assistants/Fellows
4
-
4
4
-
01
-
The faculty analysis (above tables) describes the strength of IMSciences M.Sc Applied
Economics faculty and addresses faculty size and qualifications.

Faculty CVs are also included in Appendix.
Standard 6-2: All faculty members must remain current in the discipline and sufficient time
must be provided for scholarly activities and professional development. Also, effective
programs for faculty development must be in place.

The IMSciences faculty is deemed current and competent in their discipline due to the
following factors:
o Education
o Diversity of background
o Industrial Experience
o Teaching Experience
o Ability to communicate
o Enthusiasm for developing more effective programs
o Scholarships

A number of research and teaching centers have been established on campus to foster
academic growth and development as well as community involvement.
Trainings and workshops are also arranged to strengthen the research and teaching skills of
teaching faculty.
Meetings are held by university’s authorities to evaluate the programs and modify if needed.


Standard 6-3: All faculty members should be motivated and have job satisfaction to excel in
their profession.



Reasonable salaries with extra incentives are given to faculty members.
The Institute offers its faculty many opportunities for professional development.
The institute provides faculty members with funds for Journal paper registration

Research award Policy
o Rs. 10,000 to publish Y category journal
o Rs. 25,000 to publish journals indexed by ISI, Social Science Citation Index
(SSCI), Science citation Indexed (SCI), Science Citation Indexed Expanded
(SCIE) and Thomson Reuters.

Incentive on publication of research articles and adoption of TTS package are also
valuable for faculty motivation.
Faculty input through a survey (appendix) on program from faculty motivation and job
satisfaction is carried out.

Criterion 7: Institutional Facilities
Standard 7-1: The institution must have the infrastructure to support new trends in learning
such as e-learning.



IMSciences Faculty and students has access to computers, Internet connection and
significant repository of Microsoft-related software.
The Technical support personnel are readily accessible and work hard to troubleshoot and
fix problems related with software and hardware.
Printing and copying are also available in the department.
All of the above factors help in implementing modern trends in learning, including elearning
Infrastructure:
Standard 7-2: The library must possess an up-to-date technical collection relevant to the
program and must be adequately staffed with professional personnel.
The university Main Library is well shelved with contemporary books and references and other
facilities listed below.

Library has the following types of resources available.
o Books (approximately 8000)
o Research journals (renewed every year)
o Magazines (2500)
o Research reports (2000)
o Reading material in form of CDs
o Daily 15 National Newspapers (Urdu and English)
o Computers in Library with fast Internet facility
o Different Digital Library is accessible throughout the campus
o Soft Books are also available for all students and staff members
o Reference service for Research Scholars will be available soon
o Audio and Visual facility to learning will also be available soon.
Books available in the library are adequate to support the program.
Standard 7-3: Class-rooms must be adequately equipped and offices must be adequate to
enable faculty to carry out their responsibilities.


Presently, all classes are equipped with network connected computers and in-focus
projectors. They are primarily used to deliver electronic class notes and perform in-class
demos and presentations.
Every Faculty member is provided with a well-furnished office that helps them in
carrying out their responsibilities.
Criterion 8 : Institutional Support
Standard 8-1: There must be sufficient support and financial resources to attract and retain
high quality faculty and provide the means for them to maintain competence as teachers and
scholars.
Faculty Support and Resources:
To attract qualified faculty and to maintain competence of the existing faculty, the Institute offers the
following support and financial resources:




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

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The Institute has adopted Model Tenure Track Scheme offered by HEC.
Study leave with pay for scholarship holders
Research rewards to improve research profile
Competitive salary packages
Health insurance (Group Medical Insurance)
Group life insurance
Gratuity fund
Contributory provident fund
Support for scholars to avoid HEC’s travel grant
Support for researchers to avoid research grant of HEC
Research funds
Moreover, the Institute also supports faculty members to attend conferences (national and
international), training courses in their area of interest.
Secretarial Support, Technical Staff and Office Equipment
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The university has appointed enough experienced supporting staff. That includes
o Network administrator
o Web administrator
o Lab Technicians
o Lab Attendants
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These technical staff is properly trained time to time.
Other facilities like photocopier, postage, air conditioners, heaters, fax etc. are not
provided.
Transport facility is provided.
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Standard 8-2: There must be an adequate number of high quality graduate students, research
assistants and Ph.D. students.
No relevant to MSc (Applied Economics) program (as discussed)
Standard 8-3: Financial resources must be provided to acquire and maintain Library
holdings, laboratories and computing facilities.
Library:
Discussed in standard 7-2
Laboratory and Computing Facilities:
Financial resources for laboratories and computing facilities are satisfactory. In total the Institute has
6 computer laboratories, equipped with latest computers and printing facilities. Out of the 6 computer
laboratories, 5 computer labs have 35 computers each, whereas 1 computer laboratory has 50
computers.
15 computers have also been placed in the Library for research purposes.
LABS
Computing equipment
5 computer Labs
35 computers each
1 computer lab
50 computers
Library
15 computers
DLD Lab
Contains the DLD equipment such as circuit
boards etc.