A international conference was held in St. Thomas, Virgin Islands, USA in January 2011, attended by scholars from several countries and four continents of the world including Australia, Asia, Europe and North America. At the conference, contemporary issues on business and economics were discussed. Professor Khawaja's paper presented five stages of economic development in the world including the latest one "new economy".
A copy of the abstract published in the book of abstracts, published by the organisers, suggested ways and means of improving economy of Pakistan.-PR