The Department of Economics started functioning as soon as the university was established by transferring M.A. Economics classes from Government College, Bosan Road, Multan to the University. Teaching staff was also acquired on deputation from the same institution. At present, there are ten members of the teaching staff. Six of them hold Ph.D. degrees from abroad.

The Department offers a wide range of courses in the field of Economics. Keeping in view the present day requirements of the subject the Department of Economics has planned to offer exciting and academically challenging postgraduate degree of M.Sc. Economics both as morning and afternoon program with later on self-finance basis. The program provides a foundation in modern technique of quantitative economics, financial economics and econometrics with emphasis on science-based subjects such as mathematics, statistics and computer applications. The central feature of the course is its blend of core economic concepts and principles with modern research methods. Master of science in economics is a two years postgraduate program comprising of four semesters.

The Department also aims at promoting research on various local and national issues. For this purpose the Department has introduced an

M.Phil program, in addition to the Master level programs. The Department also offers research facilities for Ph.D. candidates. Presently ten students are registered as Ph.D. candidates. The student strength has consequently risen to over 230 per academic year.