The Punjab Economic Research Institute is a statutory body attached to Planning and Development Board, Government of the Punjab, with a mandate to carry out socioeconomic research on issues of provincial and national importance and to support planning and development work of the Punjab Government. It is the oldest economic research institution in the country. The Institute was reorganized by the Punjab Government in 1975 in order to reactivate the Board of Economic Inquiry which had an unbroken record of economic research going back to 1919. The Institute became a statutory body in November
A dynamic and vibrant research institute that provides analytical inputs for the formulation of forward looking provincial development strategies, and also undertakes high quality, evidence based research to broadly improve public policy making in the province.
To be the Punjab's leading provider of socioeconomic insight on evidence based research by adopting proactive and new ideas orientation to assist in policy formulation.