Pakistan’s first science, technology park to start by the end of 2018

Pakistan’s first science, technology and innovation park is set to inaugurate from December 5th, 2018 at the Pakistan Council of Scientific and Industrial Research (PCSIR), Lahore. The park was developed by the National Institute of Biotechnology and Genetic Engineering (NIBGE) and other research institutes for the commercialization and establishment of high-tech industries. While addressing a meeting in Faisalabad Chamber of Commerce and Industry (FCCI), on Saturday, Chairman Pakistan Council of Scientific and Industrial Research (PCSIR), Dr. Shahzad Alam said that “It provides innovative ideas in addition to upgrading technology and value addition in existing as well as new industrial units.”

He further added that another proposal was under consideration to set up a dedicated Science and Technology Park for Textile in Faisalabad and that a comprehensive system called echo system will provide back up support to the industrial growth of any country. The PCSIR chairman said that Prime Minister Imran Khan had been briefed about the project which would be funded through our own financial resources.

Previously, the Lahore Knowledge Park started with a funding of Rs1 billion, but its net result was zero. Similarly, two of Pakistani universities proposed viability reports involving “National University of Science and Technology” NUST Rs70 million and Comsats University Rs55 million respectively for the system which also failed to defer any result. The idea of Science and Technology Park has been inspired by the Chinese model which had four dimensions. The model had changed the face of Chinese economy entirely and it had been transformed into a new, dynamic and vibrant economy of the world.

Earlier, in his address of welcome, FCCI president Syed Zia Alamdar Hussain said that Pakistan lacked research which was imperative to compete with the global rivals. He said that Pakistan was an agriculture country and we could resolve our most economic issues by improving this sector and adding value to it.