The Department of Economics was the first department of the Faculty of Social Sciences established in the year 1967. Initially, it started its M.Sc. degree program and later on introduced M.Phil. and Ph.D. programs. So far the department has produced about 200 M.Phil. graduates and 6 Ph.D. graduates. Currently about 150 students are enrolled in M.Sc. program, 34 in M.Phil. program and 30 in Ph.D. program Students and faculty members are equally encouraged to participate in various conferences held Pakistan or in any party of the world. In addition the department also provides opportunities of interaction with economists and researchers working in various organizations.

The Department has good facilities for the students. Besides qualified teaching faculty, the department has courteous and efficient staff providing academic, administrative, technical and logistic services. It has a large computer lab with more than forty P-4 computers with latest statistical packages/ software, printing facility and fax. The departmental seminar library has latest text and research books, journals and data sources. Seminar hall and classrooms in the department are air-conditioned and carpeted. Research students are also provided personal computers, books and data sets as and when needed. In addition the department provides research funds for the students needing financial support in purchasing data or collecting primary data.

The strength of the department lies in core economic theory, quantitative techniques for applied research and mathematical economics. In addition the department regularly offers courses in international economics, public sector economics, labor economics, monetary economics, financial economics, environment and natural resource economics. Research students are encouraged to take up challenging research issues in the other areas as well.

The Department has remained relentlessly committed not to compromise on high standards of teaching. Its superiority lies in following the latest development in literature. Individual and collective faculty research has equal precedence with teaching in the Department. Besides, the faculty members and students of the department have been actively participating in different local as well as international seminars and conferences. Students are also given freedom to organize extracurricular activities on the campus and outside.