Innovation: Chamber and ministry sign agreement

MoU signed to promote collaboration for technology-based industrialisation among members of MoST and FPCCI.

KARACHI: A memorandum of understanding (MoU) was signed on Tuesday between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federal Ministry of Science and Technology (MoST) to promote technology-based industrialisation in the country through collaboration among members and associates of the two institutions.

Secretary of the ministry Irfan Nadeem and Secretary General FPCCI Masood Alam Rizvi were the signatories, whereas Federal Minister for Science and Technology Pir Aftab Hussain Shah Jilani and President FPCCI Sultan Ahmed Chawla witnessed the signing of the MoU at the Federation House on Tuesday.

Jilani said the MoU will be a landmark development, especially with regard to public-private partnership in the country. “These efforts will certainly enhance productivity, quality of goods and services as well as exports,” he added.

The ministry is working to achieve targets such as commercialisation of research outcome, transfer of technology to local industry and entrepreneurship development.

Published in The Express Tribune, December 29^th, 2010.