Ladies and Gentlemen: It is my pleasure and honour to address the distinguished gathering of economists, social scientists, intellectuals and renowned personalities from within and outside the country on the occasion of the 19th Annual General Meeting of the Society. This has become an important event in Pakistan where economists and social scientists sit together and deliberate on various issues facing developing economies in general and Pakistan’s economy in particular. The Pakistan Institute of Development Economics (PIDE) deserves our appreciation for holding such a conference on a regular basis. In fact, I have been using this platform for the last four years to apprise the nation about the progress we have been making on the economic front and about the policies we have been pursuing. I intend to do the same today.