Senate passes Pakistan Institute of Development Economics bill -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Senate passes Pakistan Institute of Development Economics bill

By Iqbal Choudhry

ISLAMABAD: The Upper House on Wednesday passed ‘The Pakistan Institute of Development Economics Bill, 2010.

Minister of State for Finance and Economic Affairs Hina Rabbani Khar moved the bill before the chair. According to the bill, the main purpose of the Pakistan Institute of Development Economics (PIDE) is to provide education and scholarships in those branches of knowledge as it may deem fit, and to make provisions for research, service to society and for the application, advancement and dissemination of knowledge in such manner as it may determine.

“All properties, rights and interests of whatever kind, used, enjoyed, possessed, owned or vested in, or held in trust by, and liabilities legally subsisting against the institute in existence immediately before the commencement of this act shall pass to the institute reconstituted under this bill,” it said.

In order to achieve the objectives of the institute, the PIDE started PhD classes in September 2000 and 10 candidates were awarded PhD degrees in Development Economics on March 11, 2008. Presently, the 10 PhD degree holders have enrolled in different disciplines as per the enclosed statement.

The enrolled candidates are in the middle of their study programmes. Therefore, it is necessary to establish and maintain the PIDE, to achieve its objectives. According to the bill, the PIDE, as reconstituted in accordance with the provisions of the bill, shall consist of the patron, the chancellor, the vice-chancellor, the dean, the registrar and the directors.

According to the bill, the institute shall be competent to acquire and hold property, both movable and immovable, and to lease, sell or otherwise transfer any movable and immovable property, which may have become vested in or acquired by it.

The federal government and neither an authority or an auditor appointed by the federal government shall have no power to question the policy underlying the allocation of resources approved by Senate in the annual budget of the institute.
Source: Daily Times