Federal Minister for Planning, Development and Reforms Prof Ahsan Iqbal has said innovation has become basic currency of Pakistan and the country who would do better innovations would make better progress.
He was addressing the 6th Invention to Innovation Summit organized by Punjab University Office of Research, Innovation and Commercialization, Pakistan Science Academy, Institute for Research Promotion, UMT and others at Al Raazi Hall here on Wednesday.
PU Vice Chancellor Prof Dr Zafar Mueen Nasir, UMT Rector Hassan Sohaib Murad, Chairman Pakistan Science Foundation (PSF) Dr Muhammad Ashraf, CEO, IRP – DG, UMT Abid H. K. Shirwani, Director ORIC Prof Dr Tahir Jamil, researchers, scientists, faculty memerbs and a large number of students were present on the occasion.
Addressing the summit, the minister said that the incumbent government was using its location for economic cooperation instead using it for power game. He said that the Pakistan which was previously known for terrorism now was being recognized as emerging economy and centre of China Pakistan Economic Corridor.
He said that many foreign countries had expressed their interest in becoming part of CPEC, which was a great change. He said that Gawadar would become model port city and centre of trade of the region in the next 20 years. He said that we must put our country on the road to wealth production with the participation of all the areas and segments of the country. However, he said, it was possible only when we had competitiveness. He said that we must adopt the principal of survival of the fittest and our products and services must match international standards.
He said that we could not compete international markets unless we had strong industry-academia linkage. He said research in our universities must be aligned with our industry. He said that our research agenda must focus on improving standard of life, products and fulfill the demands of the society. He said that productivity, quality and innovation were the three drivers of growth. He said that we must brand our quality products and there was no buyer for poor quality products.
He said that our religious leadership had failed to play role in highlighting importance of invention and innovation. He said that there was 18-hour loadshedding three years ago but now electricity remained available 18 hours a day today.
He said that unprecedented investment had been made in energy sector in the last three years and 10 thousand megawatt additional electricity would be added by 2018. He said the world was restoring confidence in Pakistan and foreign automobile giants would set up their factories in country.
He said that the government would produce 20 thousand PhDs in the next ten years and 10 thousand PhDs would be produced under US-Pak Knowledge Corridor project in top-ranked US universities.