ISLAMABAD, MAY 10 /DNA/ – A Memorandum of Understanding was signed between the Pakistan Institute of Development Economics (PIDE) and the Institute of Regional Studies (IRS) in Islamabad today. PIDE was represented by its Vice-Chancellor, Dr. Nadeem ul Haque and President IRS, Ambassador Nadeem Riyaz, formerly Pakistan’s envoy to Italy.

According to Press Statement issued from the PIDE office, the wide-ranging document covers areas of mutual interest between both institutions. Speaking at the event, the Vice-Chancellor, PIDE, stressed the need to understand Pakistan’s regional strategic and economic challenges. PIDE and IRS were well-positioned, he continued, to adders address these challenges

Nadeem Riaz echoed the Vice-Chancellor’s sentiments. The Memorandum of Understanding with PIDE would give the IRS an edge when analyzing and researching foreign policy issues and regional economic trends. Geo-strategy and economics go hand in hand and require scrutiny.

This Memorandum of Understanding (MoU) aims to promote cooperation in academic and research activities between two institutes. Both acknowledge the need to cooperate towards achieving their mutually beneficial goal of serving critical decisions and policymakers of the country with credible research-based analysis.