Syed Nawab Haider Naqvi, Dr Ghaffar Chaudhry, Distinguished
Guests, Ladies and Gentlemen: It is my privilege to inaugurate the Fifth
Annual General Meeting of the Pakistan Society of Development
Economists. During the past six years of its existence the Society,
which I founded in 1982, has become an institution devoted to the
pursuit of scientific virtuosity and academic rectitude. It has provided
a powerful medium through which a serious discussion of economic and
demographic issues related to Pakistan's economy has become possible. I
am happy to know that by this time over one hundred papers, written by
scholars from all over the world, have been presented in this forum. In
addition, the Inaugural Address, the Presidential Address, the
Quaid-i-Azam Lectures, and the Guest Lectures, presented in this forum
each year, provide a synoptic review of the fields of development
economics and demography, and of issues relating to the economics of
education, health and the role of women in the development process. This
massive intellectual output should strengthen the process of knowledge
creation by matching the theories of economic development with the
'reality' in the developing countries. The resulting literature, with a
focus on Pakistan, also provides rich source material and guidelines for
policy formulation in the field of socio-economic development. I must
add, however, that while due to the contributions of the Society we know
much more about the nature of the development problem, our knowledge of
how to solve it has probably not expanded as much.