CES launched its maiden degree program MS Energy Systems Engineering as of Fall 2012 for which 45 students with background in Engineering disciplines of Electrical, mechanical, Chemical and environmental registered for the course. The Principal CES gave a welcome note and inaugural lecture to the incoming class, which also attended the 3-day South Asia Economic Summit at Marriot, Islamabad in which over 114 foreign delegates, including ministers, economists and civil society members participated in the 3-day summit that focuses on issues relating to South Asia economic outlook, impacts of global financial crisis, regional trade, energy cooperation, transport connectivity, and economic growth. The summit was jointly sponsored by Pakistan’s Sustainable Development Policy Institute (SDPI) in collaboration with its regional partner think tanks. Speaking at the inaugural session, Syed Naveed Qamar, Pakistan Federal Minister for Defense, stressed that “South Asian nations should rather focus on the issues that unite us rather than what divides us. Foreign Minister Hina Rabbani Khar said that it is economic diplomacy that is creating space for political diplomacy despite challenges such as food security, climate challenge, water and energy. She said we need to look into future as we have moved ahead on the path of confidence and trust-building leading to deeper regional integration. She said that Pakistan is proud to walk-the-talk with its immediate neighbors with a more optimist, open and positive mindset coupled with a strong political will and political consensus. Furthermore in the inaugural session the publication “POWER SECTOR OUTLOOK” appraisal of KESC in post privatization period was formally launched as part of the policy dialogue series by SDPI. An important aspect of this publication is that it includes A COMMANDATION section in which review report by NUST, compiled by CES and approved by CAC energy sector also appears on page XV of the publication.