Chief of the Division. In light of PIDE's recently expanded educational role, the teaching faculties at the Institute are among its main focal developments. Directors, joint directors and vice-chancellors Source: Gustav Ranis (1959–60) Emile Despres (1960–64) Irving Brecher (1961–62) Henry Bruton (1962–63) Mark Leiserson (1963–64) Nurul Islam (1964–71) Taufique M. Khan (1965–70) S. M. Naseem (1972) (acting director) M. L. Qureshi (1972–79) Sultan Hashmi (1977–79) Durr-e-Nayab Director Research & Joint Director (1990 - Date) Syed Nawab Haider Naqvi (1979–93; 1993–95) Sarfraz Khan Qureshi (1993; 1995–99 M Ghaffar Chaudhry (1964 -2002; 1993 - 2002) A. R. Kemal (1999–2006) Nadeem Ul Haque (2006–7) (Vice Chancellor) Naushin Mahmood (2007) (acting vice chancellor) Rashid Amjad (2007–2013) Asad Zaman (2013– 2019) Dr. Nadeem Ul Haque (2019–Present) International advisory board At the beginning, three well-known economists, Max F. Millikan, Gunner Myrdal (Nobel Laureate), and E. A. G. Robinson formed the Institute's International Advisory Board. Following registration with the Government of Pakistan as an autonomous organisation and the transfer of management to Pakistanis, the International Advisory Board extended its membership to seven outstanding and famous economists, namely, Hollis B. Chenery, Ansley J. Coale, Just Faaland, Harry G. Johnson, Gustav Ranis, and Paul P. Streeten. Currently, there are ten well-known economists from all over the world who are members of the International Advisory Board. They are Gamani Corea, Just Faaland, Albert O. Hirschman, Lawrence R. Klein (Nobel Laureate), Janos Kornai, E. Malinvaud, Robert A. Mundell (Nobel Laureate), Gustav Ranis, Paul P. Streeten, and Winfried von Urff. Finances PIDE is mainly funded by the Government of Pakistan, and partly through earnings from its endowment and the studies carried out for various international organisations. The Institute has always enjoyed generous patronage and support. H.R.H. The Aga Khan III had provided the seed money for the Institute's founding in the late 1950s. The Ford Foundation has also been contributing funds. In 1979, USAID provided a substantial endowment grant. The United Bank Limited, Industrial Development Bank of Pakistan, Pak-Kuwait Investment Company Limited, Pak-Libya Holding Company Limited, and Investment Corporation of Pakistan have provided additional financial resources. Research divisions PIDE has been restructured around two main research themes and six sub-themes. It has now two Departments underlining research themes for the year 2006-2007 and six Divisions for sub-themes. The Institute has been restructured as follows: Institutions, Growth, and Macroeconomics Department, which includes the following three Divisions: one point one Development Strategies and Governance;