Ahsan calls political stability, continuity of policies vital for economic development

ISLAMABAD: Planning, Development and Special Initiatives Minister Ahsan Iqbal said on Tuesday that political stability and continuity of economic policies were key to achieving sustainable economic growth and social prosperity in the country.

Addressing the fourth annual convocation of the Pakistan Institute of Economic Development (PIDE), he said that Pakistan is endowed with enormous natural resources and also endowed with vast human capital, adding that there is a need to harness these resources to put the country on the fast track. of economic development.

He said that we live in the information age and that in our time, economic and social policy can no longer remain isolated from real-time data and solid research bases.

The new forces of technology, information, globalization and innovation are changing development paradigms, he said, adding that this calls for fundamental changes in social, political and economics of societies in order to create new capabilities and capacities.

We need institutions that are proactive, alert and aware of changing times, he said, adding that in recent times, PIDE has proven to be a valuable resource for the nation due to its rapid adjustment. to new standards during the pandemic that has rendered the whole world non-functional. was an impressive feat.

The minister said it is also encouraging that research think tanks have responded quickly and unconventionally to unprecedented issues, adding that this demonstrates the potential that is being packed not just within PIDE but across the country.

Ahsan Iqbal said he is optimistic that PIDE has prepared today’s graduates to become tomorrow’s leaders and decision makers.

Speaking on the occasion, PIDE Vice-Chancellor Dr. Nadeem ul Haque said that PIDE is a leading research and education institution, adding that it is a research center on world-class economic development attracting the Planning Commission and the Government of Pakistan.

PIDE is an institution specialized in granting degrees in important economic and business fields and in internationally recognized research, he said, adding that it produces doctorates, masters / masters and masters in administration. business, economics and related social sciences and helped to overcome critical shortages of highly skilled people. public and private sector economists.

The Vice Chancellor said PIDE students are sought after by reputable international institutions and top institutions in Pakistan. Currently, PIDE alumni are doing very well in the World Bank, IMF, State Bank of Pakistan and major universities in Pakistan.

Meanwhile, 1,582 students are being awarded degrees in multiple disciplines at the fourth convocation this year, as PIDE has produced around 2,133 graduates working in different national and international organizations. A total of 64 students received gold medals for their extraordinary academic prowess during their time at PIDE.