Set­ting up R&D En­dow­ment Fund on cards

Pakistan Observer - - ECONOMY WATCH -

DR. WAQAR CH LA­HORE—Pak­istan Coun­cil of Sci­en­tific and In­dus­trial Re­search (PCSIR) is plan­ning to es­tab­lish the Re­search and De­vel­op­ment (R&D) fund to ex­cel in its pri­or­ity ar­eas to meet the fu­ture chal­lenges of rapid ad­vance­ment in dif­fer­ent sphere of life. Of­fi­cial sources told Pak­istan Ob­server that PCSIR Chair­man Dr. Shahzad Alam on the spe­cial di­rec­tive of Fed­eral Min­is­ter for Sci­ence and Tech­nol­ogy Rana Tan­vir Hus­sain and Fed­eral Sec­re­tary Sci­ence and Tech­nol­ogy Fazal Ab­bas tai­lored a mas­ter plan to keep pace with the glob­al­i­sa­tion process and in­no­va­tive tech­nolo­gies need to be de­vel­oped.

The in­cum­bent gov­ern­ment going be­yond the slo­gans by tak­ing sev­eral prac­ti­cal mea­sures to heighten the so­cio eco­nomic de­vel­op­ment of the coun­try. About the en­dow­ment fund, the sources fur­ther elab­o­rated that pri­or­ity ar­eas in­cluded biotech­nolgy, nano-tech­nol­ogy, ad­vanced and com­pos­ite ma­te­ri­als, fuel, en­ergy ef­fi­ciency, la­belling leather, tex­tile, cal­i­bra­tion, glass, ce­ram­ics, en­vi­ron­ment, phar­ma­ceu­ti­cal, her­bal prod­ucts, value ad­di­tion in food prod­ucts and Ha­lal test­ing etc. The port­fo­lio of PCSIR’s ac­tiv­i­ties in this do­main has re­mained the iden­ti­fi­ca­tion and ex­ploita­tion of the na­tional re­sources fos­ter­ing link­ages with in­dus­tries, dis­sem­i­na­tion of knowl­edge to the in­dus­trial and re­search com­mu­nity.

PCSIR has also im­proved its in-house in­fra­struc­ture fa­cil­i­ties in the shape of in­stal­la­tion of lat­est state of the art equip­ment keep­ing in view the de­mand of in­dus­trial sec­tor for qual­ity cer­ti­fi­ca­tion of their prod­ucts and com­pete in global mar­ket.

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