GILGIT
The two-day conference hosted by the Pakistan Institute of Development Economics (PIDE), in collaboration with the Karakoram International University (KIU), Gilgit concluded on Thursday.
Dr. Nadeem ul Haque and VC KIU shared their thoughts about the Day 1 of the conference Gilgit Baltistan Beyond Mountains.
Panel Discussion on “Markets, Regulations and Border Trade” was moderated by Dr. Ahmed Waqas.
Speakers from GB shed light on how markets, regulations, and border trade can contribute to the economy.
Aziz Ali Dad said that, as it is widely known, there are two prominent models in the political and economic spheres: socialist and liberal.
Other speakers said that Gilgit Baltistan is an exceptional destination that offers much more than just tourism.
Our focus is on enhancing its market structure, including the real estate market.
However, government regulations have made it challenging for us to develop the land. Unfortunately, the lack of a proper market concept and strict government regulations deter new entrepreneurs from entering the market.
As a result, we are committed to addressing these challenges to pave the way for a more prosperous business landscape.
The moderator concluded the session by paying special attention to the main markets, tourism, construction, and education in the region. He also said that like other places, Gilgit Baltistan is also facing regulatory problems.
In the session on” Perpetual Energy Crisis,” speakers said that the perpetual energy crisis in Gilgit is a serious issue that requires immediate attention.
Liro Ersado, a Representative of the World Bank, while presenting the “World Bank: State of Human Capital in Pakistan,” said that Pakistan needs to create safe and supportive schools.
It can reap dividends from two phases of the demographic transition.
While moderating the session “Education for Next Century” Dr. Shujaat Farooq, Dean, PIDE said that Countries that invest in education tend to have higher rates of economic growth and social progress.
In Gilgit, Pakistan, the labor market is in decline. However, there are four potential areas where the region can excel: leisure industry, horticulture, trade and commerce, and minerals as well as education. Unfortunately, there is no clear education policy in place to help support these areas.
The Conference concluded with a vote of thanks. Dr. Nadeem Ul Haque VC PIDE, and Dr. Durre Nayab, Pro VC PIDE, showed gratitude to all the members who arranged this important event.
They especially thanked Prof Dr. Atta Ullah Shah VC, KIU, Mr. Tazeem Akhtar, DG PR, KIU, and other members of the KIU faculty who worked tirelessly to make the Conference a success.
