Designation	Department/Organization	City/Country	From-To (month/year)	Brief responsibilities
Lecturer	Department of Accounting & Finance, NUML	Islamabad, Pakistan	September 2026 to Date	Teaching & Research
IPFP Fellow	Fatima Jinnah Women University	Rawalpindi, Pakistan	September 2025 -October 2026	Teaching & Research
Teaching & Research Assistant	University of Sargodha	Sargodha, Pakistan	February 2014 - June 3014	Teaching
Visiting Lecturer	Government College University Lahore	Lahore, Pakistan	Sep 2012 - June 2013	Teaching

1. Ashfaq, K., & Raheman, A. (2023). Efficacy of opt-in vs. opt-out default nudges to encourage socially responsible investing: The moderating role of financial literacy. South Asian Review of Business and Administrative Studies, 5(1), 1-16. https://journals.iub.edu.pk/index.php/sabas/article/view/1831 journals.iub.edu.pk
2. Ashfaq, K., & Raheman, A. (2025). The role of accounting fundamentals in explaining stock returns: Case of Pakistan Stock Exchange (PSX). Indus Journal of Social Sciences, 3(2), 649-659. https://induspublishers.com/index.php/IJSS/article/download/1499/1347/6050
3. Ashfaq, K., Younas, Z. I., & Mehmood, B. (2014). Impact of ownership structure on default risk: A case of banking sector of Pakistan. Corporate Ownership & Control, 11(2), 144-152. https://doi.org/10.22495/cocv11i2p11
4. Khan, F., Ashfaq, K., & Rahman, A. (2026). Determinants of CO₂ emissions in Belt and Road Initiative countries: Evidence from panel models. Journal of Environmental and Energy Economics, 5(1), 34-42. https://doi.org/10.56946/jeee.v5i1.930
5. Younas, Z. I., Velte, P., & Ashfaq, K. (2014). Audit pricing in China and Pakistan: A comparative review of audit practices. Journal of Accounting and Management Information Systems, 13(1), 98-110. https://cig.ase.ro/jcig/art/13_1_5.pdf

• Behavioral Finance & Nudge Theory
• Socially Responsible Investing (SRI)
• Financial Literacy
• Stock Returns & Accounting Fundamentals
• Corporate Ownership & Default Risk
• Audit Pricing & Practices
• CO₂ Emissions & Environmental Economics
• Corporate Governance

Education

Degree title	Specialization	University/Institution	Country	Completion year
PhD (MS)	Finance	International Islamic University Islamabad	Pakistan	2024
MS (Banking & Financial Economics)	Finance	Government College University Lahore	Pakistan	2013
BBA (Hons)	Accounting & Finance	University of Sargodha	Pakistan	2011

Experience

Designation	Department/Organization	City/Country	From-To (month/year)	Brief responsibilities
Lecturer	Department of Accounting & Finance, NUML	Islamabad, Pakistan	September 2026 to Date	Teaching & Research
IPFP Fellow	Fatima Jinnah Women University	Rawalpindi, Pakistan	September 2025 -October 2026	Teaching & Research
Teaching & Research Assistant	University of Sargodha	Sargodha, Pakistan	February 2014 - June 3014	Teaching
Visiting Lecturer	Government College University Lahore	Lahore, Pakistan	Sep 2012 - June 2013	Teaching

Publications

1. Ashfaq, K., & Raheman, A. (2023). Efficacy of opt-in vs. opt-out default nudges to encourage socially responsible investing: The moderating role of financial literacy. South Asian Review of Business and Administrative Studies, 5(1), 1-16. https://journals.iub.edu.pk/index.php/sabas/article/view/1831 journals.iub.edu.pk
2. Ashfaq, K., & Raheman, A. (2025). The role of accounting fundamentals in explaining stock returns: Case of Pakistan Stock Exchange (PSX). Indus Journal of Social Sciences, 3(2), 649-659. https://induspublishers.com/index.php/IJSS/article/download/1499/1347/6050
3. Ashfaq, K., Younas, Z. I., & Mehmood, B. (2014). Impact of ownership structure on default risk: A case of banking sector of Pakistan. Corporate Ownership & Control, 11(2), 144-152. https://doi.org/10.22495/cocv11i2p11
4. Khan, F., Ashfaq, K., & Rahman, A. (2026). Determinants of CO₂ emissions in Belt and Road Initiative countries: Evidence from panel models. Journal of Environmental and Energy Economics, 5(1), 34-42. https://doi.org/10.56946/jeee.v5i1.930
5. Younas, Z. I., Velte, P., & Ashfaq, K. (2014). Audit pricing in China and Pakistan: A comparative review of audit practices. Journal of Accounting and Management Information Systems, 13(1), 98-110. https://cig.ase.ro/jcig/art/13_1_5.pdf

Interests

• Behavioral Finance & Nudge Theory
• Socially Responsible Investing (SRI)
• Financial Literacy
• Stock Returns & Accounting Fundamentals
• Corporate Ownership & Default Risk
• Audit Pricing & Practices
• CO₂ Emissions & Environmental Economics
• Corporate Governance