Faculty Profile

Dr. Wali- Ullah

Professor and Chairperson Economics

Department: Economics

Specialization:Economics and Management

Onboard Status: Available

Email: waliullah@iba.edu.pk


Work Experience

  • Professor and Chairperson Economics Department at Institute of Business Administration, Karachi (Mar-2025 to PRESENT)
  • Professor at Institute of Business Administration, Karachi (Aug-2023 to Mar-2025)
  • Professor, Program Director (MS and PhD Economics) and Research Fellow-CBER at Institute of Business Administration, Karachi (Nov-2022 to Aug-2023)
  • Professor and Research Fellow-CBER at Institute of Business Administration, Karachi (Jan-2021 to PRESENT)
  • Professor and Director CBER at Institute of Business Administration, Karachi (Dec-2020 to Dec-2020)
  • Professor, Director CBER and Director ORIC Project at Institute of Business Administration, Karachi (Sep-2020 to Nov-2020)
  • Professor, Research Fellow-CBER and Editor IBA Business Review at Institute of Business Administration, Karachi (Feb-2020 to Sep-2020)
  • Associate Professor, Research Fellow-CBER and Editor IBA Business Review at Institute of Business Administration, Karachi (Jun-2017 to Feb-2020)
  • Associate Professor and Research Fellow-CBER at Institute of Business Administration, Karachi (Sep-2016 to Jun-2017)
  • Assistant Professor & Research Fellow-CBER at Institute of Business Administration, Karachi (Sep-2014 to Sep-2016)
  • JSPS Postdoctoral Research Fellow at Tohoku University, Sendai (Oct-2013 to Aug-2014)
  • Research/Teaching Assistant, Econometrics at Tohoku University, Sendai (Oct-2010 to Sep-2013)
  • Lecturer-Economics at Department of Economics at University of Malakand, Pakistan (Sep-2007 to Mar-2008)
  • Lecturer-Economics at Govt. Degree Collage Alpuri, Shangla, Pakistan (Dec-2002 to Feb-2006)

Academic Qualification

  • PhD (Economics and Management), Tohoku University, Sendai, Japan - 2013
  • MPhil (Applied Economics), University of Karachi - 2008
  • MSc (Economics), International Islamic University Islamabad - 2000
  • BS (Hons) (Economics), International Islamic University, Islamabad, Pakistan - 1998

Research Interests

  • Economics and Management

Courses Taught

  • ADVANCED FINANCIAL ECONOMICS
  • APPLIED ECONOMETRICS I
  • APPLIED ECONOMETRICS-II
  • ECONOMETRIC ANALYSIS I
  • ECONOMETRIC ANALYSIS II
  • ECONOMETRICS - 1
  • ECONOMETRICS I
  • ECONOMETRICS II
  • ECONOMIC FORECASTING
  • ECONOMETRIC ANALYSIS
  • FINANCIAL ECONOMETRICS
  • FINANCIAL ECONOMICS
  • FIXED INCOME SECURITIES
  • FINAL YEAR ECONOMICS PROJECT
  • FINANCIAL ANALYSIS SOFTWARES 2: STATA AND R
  • MACROECONOMIC THEORY
  • MACROECONOMIC THEORY III
  • MANAGERIAL ECONOMICS
  • MS THESIS
  • MS THESIS
  • MACHINE LEARNING METHODS
  • MACROECONOMIC MODELLING AND PUBLIC POLICY ANALYSIS
  • MATHEMATICAL STATISTICS AND LINEAR ALGEBRA
  • MATHEMATICS AND STATISTICS
  • PYTHON FOR FINANCE
  • TIME SERIES MODELLING

Research Output

Journal Publication(s)

  • Dr. Wali- Ullah, Dr. Seema Rehman, Dr. Saqib Sharif ,"Relative Signed Jump and Future Stock Returns",Romanian Journal of Economic Forecasting,Apr 05, 2023,Romania,
  • Seema Rehman, Dr. Saqib Sharif, Dr. Wali- Ullah ,"Higher Realized Moments and Stock Return Predictability",Romanian Journal of Economic Forecasting,Mar 23, 2021,Romania,
  • Seema Rahman, Dr. Saqib Sharif, Dr. Wali- Ullah ,"Explanatory Power of Realized Moments",Afro-Asian Journal of Finance and Accounting,Nov 15, 2021,United Kingdom,
  • Seema Rehman, Dr. Saqib Sharif, Dr. Wali- Ullah, Mustansar Hayat ,"Realized Skewness and Momentum",Macroeconomics and Finance in Emerging Market Economies,Dec 21, 2021,United Kingdom,
  • Dr. Asma Hyder, Dr. Wali- Ullah ,"Gender and Innovation: Experience of South Asian Firms",Journal of Business and Economics,Dec 30, 2019,Pakistan,
  • Dr. Wali- Ullah ,"The Role of No-Arbitrage Restriction in Nelson-Siegel Term Structure Model in the Context of an Emerging Market: Empirical Evidence from Pakistan Bond Market",Romanian Journal of Economic Forecasting,Dec 30, 2019,Romania,
  • Dr. Wali- Ullah ,"The Arbitrage-Free Generalized Nelson-Siegel Term Structure Model: Does a good in-sample fit imply better out-of-sample forecasts?",Empirical Economics,May 16, 2019,Australia,Vienna, Austria
  • Dr. Wali- Ullah, Dr. Khadija Malik Bari ,"The Term Structure of Government Bond Yields in an Emerging Market",Romanian Journal of Economic Forecasting,Oct 05, 2018,,
  • Dr. Wali- Ullah ,"Term Structure Forecasting in Affine Framework with Time-Varying Volatility",Statistical Methods & Applications,Aug 01, 2017,Italy,
  • Dr. Wali- Ullah ,"Affine Term Structure Model with Macroeconomic Factors: Do No-Arbitrage Restriction and Macroeconomic Factors imply Better Out-of-Sample Forecasts?",Journal of Forecasting,Jul 01, 2016,,
  • Dr. Wali- Ullah ,"Evolving Corporate Governance and Firms Performance: Evidence from Japanese Firm",Economics of Governance,Mar 18, 2016,,
  • Dr. Wali- Ullah, Yasumasa Matsuda, Yoshihiko Tsukuda ,"Generalized Nelson-Siegel Term Structure Model: Do the Second Slope and Curvature Factors Improve the In-Sample Fit and Out-of-Sample Forecast?",Journal of Applied Statistics,Jan 31, 2015,,
  • Dr. Wali- Ullah, Dr. Mohammad Nishat ,"The Term Structure of Government Bond Yields in an Emerging Market: Empirical Evidence from Pakistan Bond Market",Proceedings Conference on Structural Reforms for Inclusive Development,Mar 17, 2015,Pakistan,Karachi
  • Dr. Wali- Ullah, Yasumasa Matsuda, Yoshihiko Tsukuda ,"Dynamics of the Term Structure of Interest Rates and Monetary Policy: Is Monetary Policy Effective during Zero Interest Rate Policy?",Journal of Applied Statistics,Mar 31, 2014,,
  • Shaif Jarallah, Dr. Wali- Ullah ,"Evolving Corporate Governance and the Dividends Behaviour Regime in Japan",International Review of Economics,Mar 29, 2014,,
  • Dr. Wali- Ullah, Shahzadah Nayyar Jehan ,"Evolving Ownership and the Capital Structure Regime in Japan",The Lahore Journal of Business,Dec 31, 2013,Pakistan,Lahore
  • Dr. Wali- Ullah, Yasumasa Matsuda, Yoshihiko Tsukuda ,"Term Structure Modeling and Forecasting of Government Bond Yields: Does a Good In-Sample Fit Imply Reasonable Out-of-Sample Forecast?",Economic Papers: A Journal of Applied Economics and Policy,Dec 31, 2013,,
  • Dr. Wali- Ullah, Yoshihiko Tsukuda, Yasumasa Matsuda ,"Term Structure Forecasting of Government Bond Yields with Latent and Macroeconomic Factors: Do Macroeconomic Factors Imply Better Out-of-Sample Forecasts?",Journal of Forecasting,Dec 30, 2013,,
  • Dr. Mohammad Nishat, Dr. Wali- Ullah ,"Financial Reforms and Corporate Finance in Emerging Markets: An Analysis of Dividend Policy among Public Listed Firms in Pakistan",IBA Business Review,Jun 30, 2012,Pakistan,Karachi
  • Shah Khalid, Fazli Rabbi, Dr. Wali- Ullah ,"How Economic Hardship and Financial Deepening Affect the Inflow of Remittances to Pakistan: Empirical Findings Based on a Bound Test Model",Sarhad Journal of Agriculture (SJA),May 31, 2011,Pakistan,Peshawar
  • Dr. Wali- Ullah, Mehmood Khan Kakar, Rehmatullah Kakar, Wakeel Khan ,"The Determination of Trade Balance of Pakistan Economy: An ARDL Cointegration Approach",The Lahore Journal of Economics,Jun 30, 2010,Pakistan,
  • Samina Khalil, Mehmood Khan Kakar, Dr. Wali- Ullah ,"Role of Tourism in Economic Growth: Empirical Evidence from Pakistan Economy",The Pakistan Development Review (PDR),Dec 31, 2007,Pakistan,

Case(s)

    Book(s)

      Conference(s)

      • Seema Rehman, Dr. Saqib Sharif, Dr. Wali- Ullah ,"Realized Skewness and Stock Return Predictability",SZABIST International Conference on Interdisciplinary research in Management, Education and Social Sciences 2020,Jan 20, 2020,Pakistan,Karachi
      • Dr. Asma Hyder, Dr. Wali- Ullah ,"Child Mortality, Fertility and Poverty: A Counterfactual Analysis",AERC Annual Conference - Economy of Naya Pakistan: Emerging Challenges, Prospects, for Change and Roads to Prosperity,Nov 19, 2019,Pakistan,Islamabad
      • Dr. Wali- Ullah ,"Risk Assessment of Equity-based Islamic Shares and Conventional Portfolios",World Islamic Finance Forum (WIFF-2018), Center for Excellence in Islamic Finance (CEIF), IBA, Karachi,Mar 19, 2018,Pakistan,Karachi
      • Dr. Wali- Ullah, Saba Saleem ,"Idiosyncratic Volatility and Asset Pricing in Emerging Markets: Case of Karachi Stock Market",5th International Applied Business Research Conference (IABRC),May 17, 2016,Pakistan,Islamabad
      • Saba Saleem, Dr. Wali- Ullah ,"Risk Assessment of Islamic Stock Portfolios with CAPM and Multifactor Asset Pricing Model",Islamic Finance Banking & Business Ethics Global Conference (IFBBE 2016),Mar 26, 2016,Pakistan,Lahore
      • Dr. Wali- Ullah, Dr. Mohammad Nishat ,"Stock and Bond Market Assimilation: A Bivariate GARCH with DCC Approach",Proceedings of 5th Asian Management Research and Case Conference (AMRC),Jan 17, 2016,,Dubai
      • Dr. Wali- Ullah, Dr. Mohammad Nishat ,"Stock and Bond Market Assimilation: A Bivariate GARCH with DCC Approach",Proceedings of 5th Asian Management Research and Case Conference (AMRC),Jan 16, 2016,United Arab Emirates,Dubai
      • Dr. Mohammad Nishat, Dr. Wali- Ullah ,"Banks, Stock Market Development and Economic Growth in Pakistan: A Multivariate Causal Linkage Approach",Proceedings of 5th Asian Management Research and Case Conference (AMRC),Jan 16, 2016,United Arab Emirates,

      Other(s)


        Projects