Pakistan

Pakistan’s spending on education a third of what UN recommends: Laghari

Two-day conference on business, economy begins.

Our Correspondent December 13, 2012 1 min read

ISLAMABAD:

Pakistan’s spending on education is still much below the level recommended by the United Nations (UN). Instead of the 6% that the UN recommends, we have dedicated just 2.3% of our Gross Domestic Product (GDP) to education.

This was said by Higher Education Commission (HEC) Chairman Javaid Laghari at the first day of an international conference at the National University of Modern Languages on Wednesday.

The conference is about the contemporary and emerging trends in business and management. “Subjects like business and economy are becoming critically important,” said Laghari.

The two-day conference is focusing on aspects of corporate management and aims to extract ideas from academia to help the corporate sector address potential future challenges.

Students from Muhammad Ali Jinnah University, International Islamic University Islamabad, University of Engineering Taxila and other universities shared their research.

Scholars such as Dr Illyas Dhami from USA, Dr Julee and Dr Sermin Senturam from Turkey, Dr Muhammad Akram Chaudry from the University of Sargodha, and Dureen Golinowsky from Canada presented their research findings on self-development management and leadership, technology development, new challenges in entrepreneurship and effective communication.

Wahab Shahbaz presented his paper about role conflict and employees intention to quite an organisation. He said the primary reason for most people quitting is lack of support from their organisation. “When they see themselves in the lurch then it is time for them to [go], because he or she stands alone in the middle of the crosswords,” he said.

Lubna Riaz shed light on the impact of psychological factors on investment decisions.

“Several factors influence decision making that include past experiences, a variety of cognitive biases, an escalation of commitment, individual differences, including age and socioeconomic status, and a belief in personal relevance,” she said.

Students will present their research on human resource development, marketing, finance, accounting, banking, technology management and governance on the second day of the conference.

Published in The Express Tribune, December 13^th, 2012.