Winter School on Risk, Stochastic, Finance and Insurance

24-28 December, 2018

The sole purpose of National Winter School on Risk, Insurance, Stochastic and Finance in 24-28 December 2018 is to provide a stimulating intellectual environment for researchers from all over Pakistan to interact. The school is primarily oriented towards PhD students and young researchers working in the area of Stochastic Analysis and its applications to Mathematical Finance and Actuarial Mathematics. This school is especially targeted at encouraging gender balance in mathematics.

The program of the school is organized over one weeks. It includes 5 mini-courses on chosen topics given by the main speakers and working group’s sessions. The mini-courses titles and lecturers are: Introduction to Actuarial Mathematics (Dr. Sultan Hussain) ; Computational Aspects of Fixed Income Securities/Quantitative Finance (Dr. Ferhana Ahmed) ; American Option Pricing (Dr. Nasir Rehman) ; Stochastic optimal control (Azmat Hussain) ; A rigorous introduction to Stochastic integration in Hilbert Spaces (Dr. Javed Hussain)

Auditorium, Sukkur IBA University, Airport Road Sukkur

Organizing and Scientific Committee

Scientific program

  • Course 1: "Special Topics in Actuarial Mathematics" , Dr. Sultan Hussain (COMSATS)
  • Course 2: "Computational Aspects of Fixed Income Securities/Quantitative Finance", Dr. Ferhana Ahmed (LUMS)
  • Course 3: "American Option Pricing," Dr. Nasir Rehman
  • Course 4: "Stochastic optimal control'', Dr. Azmat Hussain (University of Central Asia Kazakhstan)
  • Course 5: "A rigorous introduction to Stochastic integration in Hilbert Spaces", Dr. Javed Hussain (Sukkur IBA University).

Registration Fee


Rs. 2000


Rs. 4000


Dr. Ferhana Ahmad (LUMS)

Dr Ferhana Ahmad is an Assistant Professor at Suleman Dawood School of Business in the area of Mathematical and Computational Finance. She has a DPhil and MSc in Mathematical and Computational Finance from University of Oxford, England. She was an Associate Member of Oxford-Man Institute of Quantitative Finance at University of Oxford. She was also the student representative on the Mathematical, Physical and Life Sciences Division’s Divisional Graduate Joint Consultative Forum and a graduate student representative on Consultative Committee for Graduates, Mathematical Institute at University of Oxford.

Dr. Azmat Hussain (University of Central Asia)

Dr Azmat Hussain is an Assistant Professor of Mathematics with UCA’s School of Arts and Sciences. Prior to joining UCA, Dr Hussain worked as an Assistant Professor in the department of mathematics at Lahore University of Management Sciences, Lahore Pakistan for two years. He has also been associated with Karakoram International University, Gilgit-Baltistan, Pakistan where he worked as a lecturer of Mathematics in 2010 for one year. He has taught several undergraduate and graduate courses and has supervised undergraduate students. He has attended and presented his research at several international conferences including AMS, AIMS, SIAM and INFORMS meetings. His main research areas include stochastic control theory, optimisation, and financial risk management. He is a recipient of Aga Khan Foundation and Hashoo Foundation Scholarships for his high school and Undergraduate studies and has attended the Summer Institute Program for Pakistani Undergraduate students at the University of Tennessee, Knoxville, USA in 2006. Dr Hussain holds a PhD in Operations Research from North Carolina State University in Raleigh, USA, where he was a Fulbright Scholar.

Dr. Nasir Rehman (AIOU)

Dr. Nasir Rehman is working as associate professor and Head of Mathematics department at Allama Iqbal Open University Islamabad. His area of includes Mathematical finance, in particular he is expert in mathematical theory of pricing the American style options.

Dr. Sultan Hussain

Dr. Sultan Hussain is an assistant Professor of Mathematics at COMSATS. His area of interest includes Mathematical finance, Acturial Mathematics and mathematical theory of pricing the financial derivatives.

Dr. Javed Hussain

Dr. Javed Hussain is assistant professor and Head of Mathematics department at Sukkur IBA University. His Area of interests include: Matheatical finance, Acturial Mathematics, Theory of deterministic and stochastic evolution equations in infinite dimensional spaces.