Pakistan Institute of Development Economics (PIDE) and Friedrich Ebert Stiftung (FES) have agreed to collaborate and work together in tackling the serious challenges of unemployment and deteriorating job market in Pakistan.
A delegation of Friedrich Ebert Stiftung (FES) visited PIDE here on Thursday and held meeting with PIDE Vice Chancellor Dr. Rashid Amjad. After the meeting a get-together was arranged for the delegation, which was attended by the senior and young faculty members.
Speaking on the occasion, Dr. Rashid Amjad said that the two sides in their interaction today discussed some projects for future collaboration like exchange of scholars and research on the new economy paradigm.
“Though the economic situation is not so good in Pakistan but we can tackle the situation through many positives such as food sufficiency, resilience of the people and drive for entrepreneurship,” he said.
He also offered the German scholars and academics to visit PIDE for short durations and take advantage of its expertise and research in various fields of economics.
On the other hand, Jurgen Stetten, Head of Department for Asia and the Pacific Division for International Cooperation, while speaking on the occasion appreciated the research work in the different fields of economics by young economists and scholars associated with PIDE.
Talking about the inflation rate he said, “The rate of raise in wages is below the inflation rate in Pakistan, and I believe it’s a serious issue that requires immediate attention.” The FES is a German Political non-profit oriented public-interest institution that regularly supports PIDE’s research activities and has established a mechanism for facilitating regular transfer of knowledge and research results from PIDE to decision makers in the government and the business sector. Its research studies are focused on socio-economic development, unemployment and labour market policies. Before opening its own office, the FES started its engagement in Pakistan in 1986 through a Germen expert Dr. Peter Pintz, with PIDE.