The department of Economics is one of the oldest departments working since the time when Karakoram International University was established. The department is committed to teach and train the students so that it may contribute in the vision and mission of the University in very true sense. Its main contribution is to develop leadership and to enhance decision making power of the students in the economic welfare activities in their lives. Economics and social research is the main focused area of the department especially in the area of Gilgit-Baltistan. Currently, two programs; Master in Economics (two year program) and Bachelor in Economics (four year program) are being offered. In addition to this the department intends to start the M.Phil program very soon and Ph.D. program after few years. The qualified and trained staff is running blood of the department who are contributing at their best to enhance the mission and vision of the department as well as of the University. Diversified knowledge and capabilities of the staff on different subjects is the major strength of the department.