The Applied Economics Research Centre, was established in 1973. The Centre undertakes research on issues in applied economics, with special interest being focused in the areas of urban and regional economics, agriculture, human resource development, poverty, health, public finance, nutrition and environment and women’s issues. With subsequent growth of the Centre, its activities have broadened to include the advance training of economists from all parts of Pakistan. A major development in this connection has been the introduction of its own M.Phil./ Ph.D. program. The Center's work is disseminated to policy makers and interested audience through its own publications. It publishes a Research Report Series, a Discussion Paper Series, and an internationally refereed bi annual journal, The Pakistan Journal of Applied Economics. The Centre has expanded considerably, and now employs over 30 full time economists, 6 of whom hold Ph.D. degrees from leading US and British Universities and foreign universities, 2 have M.A./M.Phil. degrees from recognized universities abroad and the rest hold qualifications from Pakistan. The research staff is ably assisted by specialized administrative staff. Institutionally, this growth in capacity, size and scope has led to the Centre being awarded the title of Institution of National Capability in Applied Economics by the Higher Education Commission. (for more go to www.aerc.edu.pk or subscribe to aerc-online@yahoogroups.com) Applied Economics Research Centre (AERC) is a distinguished research institute of University of Karachi. ...