Economic development linked to research, technology

LAHORE: Economic development is directly linked to research and technology; therefore, special attention is being given to strengthen research institutions.

The budget for research and development in PCSIR is being increased from Rs65 million to Rs250 million.

This was stated by Federal Minister for Science and Technology Rana Tanveer Hussain, while speaking at the Lahore Chamber of Commerce and Industry (LCCI).

The minister said that all resources are being utilised to promote research culture so that dream to join the club of technologically advanced nations could come true.

He regretted that the low allocations for the vital sectors such as science and technology had kept the country dependent on the developed world, despite the fact that the country has no dearth of resources.

He said special concentration is focused on the need-based and result-oriented research, which would save valuable time and money.

The minister said that innovation is a key to economic competitiveness and research institutions and researchers would have to come forward to address the gaps in the current scenario by developing world-class technologies.

There is a close link between science and technology and industry; therefore, interaction is being enhanced with the chambers of commerce and industry of the countries.

He said that a Common Facility Center has been established at Sialkot Chamber of Commerce and Industry, which would provide one-window facility to the businessmen.

He said that 16 organisations are working under the ministry. The system is being made efficient and result-oriented, while all appointments are being made on merit to achieve the growth target.

Lahore Chamber of Commerce and Industry Senior Vice President Almas Hyder said the Ministry of Science and Technology holds key importance, as it is responsible for maintaining the much-needed culture of applied and academic research and development in the country.

Technology commercialisation, development of standards for quality control, accreditation, education and effective linkages between industry and academia, etc, are some of the key functions of this ministry, he said.

However, the performance indicators of all the organisations working under the Ministry of Science and Technology need to match with the requirements of the modern era.