Some of the successful research projects of the department are:

• Overcoming barriers to environmental improvement: Policy options for Pakistan’s leatherworking industry
• Why women entrepreneurs in Pakistan are unable to progress despite taking microfinance loans?
• World Bank Funded Project (Pak-India Trade Study)
• GCU- State Bank of Pakistan Project (DFSU)
• Talented Researcher Exchange Programme Award
• GCU-Cranfield University JHELP -I
• GCU-Strathclyde University JHELP – II
• GCU-Strathclyde University Collaborative Project (DFID)
• Transforming Academic Knowledge to develop Entrepreneurial Universities in Pakistan/ TAKE-UP
• PAK UK Education Gateway Project 2019
• Impact Case Study: Promoting Environmentally Sustainable Enterprise
• Fan Industry of Pakistan: Growth Dynamics of Small, Medium and Large Enterprises
• Development of Women Entrepreneurship
• An Economic analysis of Micro and Small Scale Shoemaking Units of Lahore
• Pak-India Trade Study. A case study of Fans and Bicycles Industries
• Development of Curriculum on Entrepreneurship and SME Management

The department has set up research groups in the following areas:

• Banking and Financial Economics
• Entrepreneurship and SME Management
• International Trade, WTO and Finance
• Quantitative Economics
• Urban Economics and Development
• Economic Growth, Poverty, Inequality and Social Sector Development.
• Macroeconomic Issues and Public Economics

Over the last four years, more than 40 papers have been published in these areas in different national and international journals.

The department publishes its refereed research journal "GCU Economics Journal" under the ISSN 02422815 which is subscribed by the International Monetary Fund (IMF), The World Bank (WB) and other international institutions. It is also subscribed by the leading universities of UK and USA.

The department takes pride in its endeavours for developing higher education link programs with national and international organizations. It has completed two research links with the Strathclyde University and University of Cranfield, UK. The third research link on Development of Skills in SMEs has been completed with the launch of a report on the fan industry of Pakistan. An MOU with SMEDA has been signed in order to encourage research on entrepreneurship and SMEs in Pakistan.

Graduates of the department are likely to start their careers in different economic sectors and professional places of Management, Accountancy, Consultancy, Insurance, Corporate Sector, Public policy institutions, etc.

Maintaining and ensuring quality in the academic programmes is an ongoing exercise which is constantly refined through expert opinion of the Board of Studies, foreign faculty and faculty members of the department. At present all academic programmes have research as an integral component and the department plans to strengthen its research linkages in order to encourage and promote research on economic issues of national and international significance. The department also plans to arrange a national level conference on Economics and Finance in order to highlight the contributions made by researchers across the country.