The Pakistan Institute of Development Economics (popularly known as PIDE) () is a post-graduate research institute and a public policy think tank located in the vicinity of Islamabad, Pakistan. Founded in 1957 by the Government of Pakistan, it is located in the university area of Quaid-e-Azam University but it has its own board of overseers. In 1964, it gained its influence on government and gained autonomous status the same year. Since its establishment, the PIDE has been an influential voice in the formation of Pakistan's public policy concerning diverse issues. The institute has long been a place of scholarship of high-profile and prominent individuals who previously held positions in government, including Benazir Bhutto, Mahbub-ul-Haq, Robert Mundell (this Nobel Laureate serves on our Advisory Committee) and Shahid Allam— all PIDE fellows. Since the 1990s, its research has been devoted to theoretical and empirical research in development economics in general and on Pakistan-related economic issues in particular. In addition, the PIDE also grants post-graduate and doctoral studies programmes in various disciplines of social sciences since 2006. Department of Economics and Econometrics In the early 2000s, the then director, A. R. Kemal started PhD programme in economics. The programme offers a wide range of optional areas within the subject, particular areas of economics in greater depth, from both a theoretical and an empirical perspective. The Department of Economics consists of senior faculty members. The teaching curriculum focuses on developing the role and application of economic approaches for environmental issues, essential features of the market mechanism to control environmental degradation for sustainable economic development, the nature and treatment of environmental effects in economic reasoning and decision-making, and the application of environmental policy instruments based on economic analysis. The course work is based on contemporary environmental management approaches (e.g. ecological modernization, ecological economics, and industrial ecology) with substantial (physical) economy dimensions. Keeping in view the current lack of awareness and knowledge of Environmental issues, the MS Environmental Economics Programme is designed to: Impart a sound understanding of the nexus between the economy and the environment; Teach major concepts and theories to explain and describe the economic behaviour of human beings and its impact on the environment. Outline and contrast the major economic schools of thought on the environment, and highlight the weaknesses of each market system (especially with regard to environmental aspects) and discuss the associated role of the government in the economy. Supply high