Two PhD scholars of the Department of Economics of the Women University Multan, Ms Shazia Sana and Ms. Bismillah, were recommended to be awarded doctorate degrees after successful public defense ceremony held today at Katchery campus. The chief guest of the ceremony was Vice Chancellor Prof Dr.Uzma Qurashi.The topic of thesis of scholar Ms. Bismillah was “Trade Liberalization and Fiscal Stance: A case study of selected developing countries “while other scholar Ms. Shazia Sana thesis title was “Monetary Transmission Mechanism and Exchange Rate policy:A case study of Pakistan”. Both the scholars completed their research under the supervision of Dr. Shahnawaz Malik and Dr. Ramzan Sheikh and external supervisor was Dr. Rehmat ullah Awan.Addressing the ceremony Ms. Bismillah said that the main objective of this study is to make a functional analysis of trade liberalization and fiscal stance. Later, there was another public defense of Ms. Shazia Sana, she said that the exchange rate channel is the channel that connects the domestic economy with the international economies. After the question answer session it was recommended by the participants to award doctorate degree to Dr. Shazia Sana and Dr. Bismillah. The HoD of Economics Department Dr. Hina Ali congratulated both the scholars on their successful defense.The ceremony was attended by faculty members and students.