My interest in economics comes from the fascination with how organized systems, whether
small-scale college events or large industries, manage information and allocate resources to
function in an effective manner. I am eager to master the analytics that allow these systems
to run smoothly, and I believe my background in the practical field has helped me build a
strong foundation for this degree program.
During my internship program at the accounts office of Sargodha Cloth Processing Industry, I
was given the responsibility for entering the basic everyday transactions into the respective
books and ledger accounts. While the tasks I was provided with were quite fundamental and
not that complex, they still provided me with an insight into the "micro" level activity of the
economic activity at a firm. During the duration of my internship, I came to the realisation that
the financial health of any business is directly tied to the accuracy of the initial data entry,
and the reliability of financial analysis is quite dependent on it. This shift in perspective is
what pushed me toward Economics. I didn't just want to record the transactions of a
business; I wanted to understand the 'why' behind it. I want to move beyond the ledger and
dive into the broader theories that explain why an industry like the one I worked in as an
intern thrives or struggles against national policy. To me, Economics isn't just a degree,
it’s a tool that can be used to understand the complexities like the ones I saw in that
office. At LUMS, I hope to turn that curiosity into a proper career path for myself, connecting
the gap between small-scale data entries and the bigger economic picture of Pakistan.
Outside the traditional office space, the time I spent managing college events taught me
economic principles in its own way. I often found myself staring at a very tight budget,
realizing that every rupee spent had its own positive and negative, and I had to constantly
weigh my options, which taught me the concept of 'utility'. It wasn't just 'event management';
it was the first time I came in contact with the principles of opportunity cost. I had to get
creative, learning that economics is less about calculations and more about making the most
out of what you are provided with. However, the most significant lesson came through my
community service. Moving out of my social circle, I realized the ugly side of the distribution
of resources in our society. It was very unfortunate to witness how the wealth and the
resources are concentrated at the top of the social structure, as people at the other end of
the same social structure struggle to meet the basic needs. Seeing these economic
disparities changed my ambition. I didn't just want to study economics for personal interests,
but also to understand why the current economic structure is so unfair to the majority of
people. My goal at LUMS is to gain the tools to address these inequalities, moving from
simply managing small budgets to eventually helping bridge the gap in our society’s
resource distribution
In my opinion, economics acts as a building block when it comes to bringing change in any
society. It is a medium that transforms vague aspirations and ideas for social good into
practical solutions. To help me pursue this ambition of revolutionizing the economic
landscape, I seek an environment that will provide me with such opportunities, and I'm sure
that LUMS would help me with this purpose, as it stands as the pinnacle of academic
excellence in the region, known for its innovative approaches and a faculty that allows
students to think critically. The Economics program at MGHSS is particularly known for its
excellence as it blends quantitative knowledge with an understanding of socio-economic
context. The department helps students to grasp and understand global financial trends and
local developmental challenges. To study Economics at LUMS is to engage with a team of
leaders and thinkers who help shape the economic landscape of Pakistan and beyond, and I
am eager to join them to make a change