SSUET signs MoU with IT Ministry for model Idea Bank

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Federal Minister for Information Technology and Telecommunication, Syed Aminul Haq visited Sir Syed University on Friday to discuss the issues of common interest and options for developing the IT sector with collaborated efforts.
Speaking on the auspicious occasion, Syed Amin ul Haq said our youth has tremendous potential and what they need is a proper guideline for a journey towards success. He pointed out that in Pakistan 3.1% of GDP is reserved for education, yet we are endeavoring to take it to 10% at least.
Syed Amin ul Haq said that the rapid adoption of Information and Communication Technology (ICT) is immensely important for the socio-economic development of any country and our focus is to enhance the growth of Pakistan’s economy. The efforts are paying off as the IT industry is growing in terms of the number of companies, revenue, exports, and workforce every year.
Chancellor SSSUET Jawaid Anwar said that the time of excuses has gone, and now we need to deliver. To boost the economy of Pakistan, we should cut down the import and increase the volume of exports. Limited employment opportunities led to forced entrepreneurship that offers manufacturing of different components to be assembled later to prepare a product for commercial use. Information technology is a key lever of economic development and innovation is the prime determinant of the rise and fall of societies.
Vice-Chancellor SSUET, Prof. Dr. Vali Uddin welcomed the Federal Minister for Information Technology and Telecommunication and addressing the gathering he said,
“The vision of Sir Syed University is to meet the demands of challenging times as envisioned by Sir Syed Ahmed Khan by transforming Pakistan into a knowledge-based society through some impact projects and innovation in education, research, and creativity. The university is playing a leading role as a university of engineering and technology in national socio-economic development by meeting the challenges of modern time through creating alliances and partnerships between academia and industry. The university’s focus is on innovation, research, and commercialization with a deep sense of social and moral responsibility imbued with the Aligarh Spirit.”
Syed Junaid Imam, CEO Ignite, said that Digital Pakistan is based on two pillars skill development, innovation, and entrepreneurship. Collaboration with universities for developing soft skills increases credibility of children globally and locally.
Memorandum of Understanding was also signed between Sir Syed University of Engineering & Technology and Ministry of Information Technology and Communication Pakistan. Sir Syed University will provide a platform through National Idea Bank for collecting ideas. The university will develop a sustainable business model for the idea bank.

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