Department of Economics
Extension Number: 398
Office Number: E – 223

Brief Profile

Hafiz Rizwan Ahmad completed his MPhil and PhD in Economics from Government College University, Lahore. He began his career as a Research Officer at the Planning Commission of Pakistan before joining Forman Christian College. With over 18 years of teaching experience across various public and private universities, he was honoured with the Outstanding Teacher Award at Forman Christian College in 2017. His research interests include the implications of declining population growth, philosophy of teaching, and the economics of natural resources.

Education (latest 3 degrees)

• PhD in Economics, 2011, Government College, University (GCU), Lahore, Pakistan
• Master of Philosophy in Economics, 2004, Government College, University, Lahore, Pakistan
• Masters in Economics, 2001, Punjab University, Lahore

Research and publications (along with the publication link)

1. AJ Khan, Ahmad, R, & Murtaza. F. (2022) “ Do Monetary Models Really Matters to Determine the Exchange Rate Behavior: A Case for Pakistan”. Forman Journal of Economic Studies.
2. Warisha, Ahmad, R. Asim, H, and Qamri G.M (2020) “Determinants of Voluntary and Involuntary Underemployment in Pakistan”. Empirical Economic Review.
3. Butt, Ahsan., Ahmad, R., Khan, Abdul, J. (2019) ““Demographic Change and Economic Growth: A Policy Perspective”, Forman Journal of Economic Studies. https:// DOI: 10.32368/FJES.20191511
4. Warisha, Ahmad, R. Noman A, Gulzar. (2019) “Labor Supply and Demographics: A Case of Pakistan” Journal of Labor and Society. 
5. Ahmad, R., Butt, Ahsan., Khan, Abdul, J. (2017) “Socio-economic Consequences of Population Change: A Comparative Analysis of Pakistan and Japan” Economy and Business, Journal of International Scientific Publications, Volume 11, 2017 https:// Socio-Economic Consequences Of Population Change: A Comparative Analysis Of Pakistan And Japan (repec.org)
6. Khan Abul, J. & Ahmad, R. (2017) “ Prosperity and Instability: An Evaluation of Legatum Prosperity Index” Annual Proceedings of PIDE, 2017 
7. Ahmad, R. & Hussain. (2012) Determinants of Youth Activities in Pakistan. Forman Journal of Economic Studies, Vol. 8, 2012. https://www.fccollege.edu.pk/wp-content/uploads/2017/03/Paper-5-Determinants-of-Youth-Activities-in-P​pdf
8. Ahmad, R. & Azim, P. (2008): Socio-economic Implications of Changing Demographic Trends in Pakistan. GCU Economic Journal, Vol. 41, no. 1. https://  Microsoft Word – ECONOMICS 2008Vol1 (gcu.edu.pk)
9. Ahmad, R. & Azim, P. (2010): Youth Population and the Labor Market of Pakistan: A Micro Level Study. Pakistan Economic and Social Review, Vol. 48, no. 2., 2010. https:// DOI: 10.2307/25825361
10. Ahmad, R. & Azim, P. (2010): Changing Demographic Trends and Housing Market in Pakistan. Forman Journal of Economics Studies, Vol. 6, 2010  https:// Changing Demographic Trends and Housing Market in Pakistan | Forman Journal of Economic Studies
11. Khan, A. J., Khan, A. W., & Ahmad, H. R. (2024) “Entropy as a Measure of Risk or a Source of Information to Mitigate Risk: A Comparison Across Various Financial Assets”. Journal of Asian Development Studies, Vol. 13 (Issue 2), pp. 1919-1947
12. Mehmood, B., Khan, A. J., & Ahmad, H. R. (2024) “Women Empowerment: A Comparison of Socio-Economic Perspectives with Political Aspects”. Pakistan Journal of Humanities and Social Sciences, 12 (No. 3), 2535–2549
13. Riaz, R., Khan, A. J., & Ahmad, H. R. (2024) “Is It Feasible for Pakistan to Use Domestic Currency for International Settlements” International Review of Social Sciences, Vol. 12 (Issue 4), pp. 14-33
14. Khan, A. J., Khan, T. N. , & Ahmad, H. R. (2024) “Portfolio Selection and Stock Returns: The Role of Machine Learning Algorithms in Asset Choices” Review of Applied Management and Social Sciences, Vol. 7 (No. 4), pp. 495-511