Chairman of Pakistan Council of Scientific Research (PCSIR), Habibullah Khan has said that Research and Development (R&D) is the first step towards the economic prosperity. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said that to compete with modern challenges and international competitive market there is need of strengthening the bond between research and industry.
He said that making PCSIR, a self-dependent institution, is his first priority. He also underscored the importance of R&D for economic prosperity.
President KATI, Sheikh Umer Rehan said that higher cost of production is one of the biggest challenges for the industry and research institution can play a significant role to find solutions for the problem.
He was of view that a liaison between industry and research/education institution could speed up industrialisation process in the country.
Zubair Chhaya urged for a close working relation between research academia and industry. Vice President Syed Wajid Hussain said that SMEs sector is key to success for any country and R&D is the only way to find innovative ideas of small scale businesses.
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