PhD Progress Reports

Appendix B2 (every Semester

(Fall/Spring)

Submit biannual progress reports in Fall and Spring Semesters of each year.

To report on achievements over past six months

To facilitate planning of upcoming milestones and aims
To identify any issues for discussion (with supervisors; Chairpersons DGC & SGC / Dean)
Effectiveness depends on:
Taking seriously the process of reflection and planning
Candid responses from all
A willingness to discuss and address any issues that arise through the process of reflection
and planning
Cancellation of PhD registration:
PhD registration shall be cancelled through Registrar on the recommendations of DGC and
SGC, if the scholar earns two consecutive adverse progress reports from his/her
supervisor(s).
The aggrieved scholar may file an appeal against cancellation of PhD registration to the PhD
Committee within a period of 30 days.

PhD Progress Report Form

This form is the means by which progress of PhD studies is periodically assessed by the scholar
and supervisor(s). It is a means by which any problems or issues may be identified and appropriate
action determined. The School Graduate Committee and Department Graduate Committee use this
form to monitor scholar’s progress and ensure that supervision is effective. The regular submission
of progress reports is mandatory.

This form has three parts:

PART A: Progress Report – to be completed by the PhD Scholar

PART B: Comments – to be completed by the Principal Supervisor

PART C: Recommendations and Signatures – to be completed by the Scholar, Principal

Supervisor, Chairperson SGC and Chairperson DGC

PART A: PhD SCHOLAR COMMENTS

Name Muhammad Zahid Iqbal

ID Number F2018051013 Department/School HSM
Title of the thesis Dynamic Connectedness Among Equity Sectors:
A Case Study of Pakistan
Principal Supervisor Dr. Muhammad Mahmood Shah Khan

Co-Supervisor Dr. Zaheer Anwer

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Outline below your progress and achievements over the last 6 months. Indicate what milestones
have been achieved, including detailing what chapters or sections of your thesis have been written
in draft or final form (use extra sheets, if required).

The following points have been addressed in this semester:

The literature review has been extended by taking into account the literature published most recently.

During the extended literature process it emerged that the high frequency data (with 5 minutes
frequency) would also be needed to execute this research to meet essential requirements of the study.
For that purpose the negotiation with Pakistan Stock Exchange was initiated and they were provided
the documents they required. PSX is now in process to retrieve the data and I am really hopeful to
receive this soon.

The study requires developing the Spillover index based on Diebold and Yilmaz 2009 & 2012 and
Bouri et al (2020). For that purpose the R- language need to be learnt and executed. And this is what I
have focused on this semester.

Outline below your research goals for the next 6 months. Indicate what milestones have been set for
the next 6 months, including detailing what chapters or sections of your thesis you plan to write in
this period (use extra sheets, if required).
The following are the objectives to be achieved in next six months:

The data would be organized and the value-weighted equity indices for 32 equity sectors would be
developed by using the collected data of listed firms in PSX.

The analysis part related to measurement of connectedness would be completed.

I am also expecting to complete the write-up of the thesis.

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Summarize below your thesis completion status?
Chapter % Completion Status Remarks (if any)

Updated with gap, Rationale,

Introduction 90%
significance and potential contributions

Updated with latest references and

Literature Review 95%
concepts

Updated with Alternative

Methodologies for the measurement of
Methodology Spillover Index.
80%
Collection for data with 5-minutes
frequency left

Sharpen skills in R-Language for

connectedness measurement and have
Analysis 25%
produced pilot results on very small set
of data

Findings 0%

Questionnaire / Survey (if

any)

Any other chapter (please mention below)

1. I rate the quality of my work as:

a. Very Good c. Satisfactory
b. Good ✓ d. Below my expectations

If (d) what measures have you taken to address this?

2. I assess my rate of progress as:

a. Very Good c. Satisfactory
b. Good ✓ d. Below my expectations
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If (d) what measures have you taken to address this?

3. In the past 6 months I have:

Given a departmental seminar? Yes No ✓
Attended a conference(s)? Yes No ✓
Given a presentation(s) based on my research? Yes No ✓
Had research output(s) published
(E.g. journal articles; book chapters; conference proceedings; creative works)?
Yes ✓ No

If yes, please give details:

I have published following abstract in conference preceedings:

Presented a research paper entitled “Stock Price Reaction to Earning Announcements: An

Event Study” in 9th ICIBM-2024, held on April 25-26, 2024, Organized by University of
Central Punjab, Lahore.

4. I have submitted work to my supervisor(s) Yes ✓ No

I have received written feedback Yes ✓ No

5. I have outstanding resource issues concerning my research Yes No ✓

If Yes, please give details:

6. There any intellectual property issues related to my research that have not been resolved
Yes No ✓

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If Yes, please give details:

7. How often and by what means do you and your supervisor(s) maintain contact?

Detail the means of contact (e.g., face-to-face; email; Skype) and the frequency of each
On Monthly basis through online platforms
Face-to-face meetings are happening occasionally as and when required.

8. Contact with my supervisor(s) could be improved? Yes No ✓

My both supervisors are kind enough to be available whenever I requested.

9. Please provide details below of any way that you think your supervisor(s) could improve their
support for your studies

My both Supervisors are providing me their full support, thorough guidance and detailed feedback
on my doctoral research.
10. Do you have any concerns with your English language skills (e.g., reading, writing, speaking,
listening) in respect to your PhD work?
Yes No ✓

If yes, please describe these concerns and indicate whether you have sought any support or advice
for these concerns (e.g., from your supervisor)

11. Have you identified any Health and Safety issues during the past 6 months?

Yes No ✓

If Yes, please describe the issues and what actions, if any were taken:

12. Are there any issues that your Supervisor(s) or the DGC or SGC should be aware of?
Yes No ✓

If Yes, please comment:

Please now forward the form to your principal supervisor.

(Date Forwarded: ________________________________)

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PART B: SUPERVISOR(S) COMMENTS

Please provide comments on the scholar’s progress and achievements in the last 6 months:

(As on Page # 3)

Please provide comments on the scholar’s thesis goals and milestones for the next 6 months:

(As on Page # 3)

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Please provide comments on the thesis completion status:

Chapter % Completion Status Remarks (if any)

Introduction

Literature Review

Methodology

Analysis

Findings

Questionnaire / Survey (if

any)

Any other chapter (please mention below)

13. The quality of the scholar’s work is:

a. Very good c. Satisfactory
b. Good d. Below acceptable standard

If (d) what measures have been taken to address this?

14. The scholar’s rate of progress is:

a. Very good c. Satisfactory
b. Good d. Below acceptable standard

If (d) what measures have been taken to address this?

15. How often and by what means do the supervisor(s) and the scholar maintain contact?

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Detail the means of contact (e.g., face-to-face; email; Skype) and the frequency of each

16. Is the supervisor(s) satisfied with the frequency and means of contact?
Yes No
If No, please comment:

17. Do you have any concerns about the scholar’s English language skills (e.g., reading, writing,
speaking, listening) in respect to his/her PhD work?
Yes No

If yes, please describe these concerns and indicate whether you have offered support or advice to
the scholar and/or directed them to support services.

18. Are there any intellectual property issues which have not been resolved?
Yes No

If Yes, please comment:

19. Are there any issues that the DGC or SGC should be aware of?
Yes No

If Yes, please comment:

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PART C: RECOMMENDATIONS AND SIGNATURES

C1 Principal Supervisor to complete

I recommend that the scholar’s enrolment be:

Continued
Continued subject to specified conditions as outlined below
Terminated

Specified conditions of continued enrolment:

I have discussed our comments with the scholar: Yes No

Please outline any issues that emerged from the discussion with the scholar:

________________________________ ____________________
Signature of Principal Supervisor Date

Please now return the form to the scholar.

(Date Returned: ______________________)

C2 Scholar to complete

If you would like to make any comments in response to the comments made by your supervisor(s)
please do so in the box below:

I have discussed this progress report with my supervisor: Yes No

Please outline any issues that emerged from the discussion with your supervisor(s):

________________________________ ____________________
Signature of Candidate Date

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 Please forward the form to the School Graduate Office.

C3: Chairperson Department Graduate Committee (or delegate) to complete

Please comment below on the scholar’s progress and goals and on the comments made by the
scholar and by the supervisor(s). If any concerns have been raised by either the scholar or
supervisor, please indicate what actions have been taken and any further action you recommend.

I recommend that the candidate’s enrolment be:

Continued
Continued subject to specified conditions as outlined below
Terminated

Specified conditions of continued enrolment:

________________________________ ____________________
Name/Signature Date

C4: Chairperson School Graduate Committee (or delegate) to complete

I have resolved that this progress report be:

Approved
Declined

I resolve that the candidate’s enrolment be:

Continued
Continued subject to specified conditions as outlined below
Terminated

Specified conditions of continued enrolment:

_____________________________________ ___________________
Name/Signature Date

Comments:

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Please now submit the form to the Office of Dean ORIC

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