LAHORE   -  Federal Minister for Science & Technology Fawad Hussain Chaudhry has said that future of Pakistan is linked with modern technologies.

Speaking at the inaugural ceremony of LCCI App for Apple IOS and upgraded website of LCCI Radio FM 98.6 at the Lahore Chamber of Commerce & Industry on Saturday, he said the government aimed at turning Pakistan into a technological power.

LCCI President Mian Tariq Misbah, Vice President Tahir Manzoor Chaudhry, former presidents Mian Misbahur Rehman, Sohail Lashari, Executive Committee Members and Convener, S/C on IT infrastructure & Development also spoke on the occasion.

“We are keeping a close eye on technological advancement,” the federal minister said and added that there was lack of attention to the science and technology in the past. He said the decision in the past to turn Pakistan’s economy into import-based on the pattern of Dubai and Singapore was wrong. Credit goes to prime minister who had revived industrialization and manufacturing in the country. He said that civil and military interface has been created and now they are exchanging their researches.

“We were importing medical equipment when first wave of COVID-19 hit the country. But now Pakistan is one of 18 countries manufacturing ventilators. I believe that government should stay away from businesses and let the private sector do this”, Fawad Hussain Chaudhry said and added that businessmen should keep eye on those businesses which are coming in and going to be obsolete in future. He said that some operations of PSQCA will be privatized soon. He said that 5G technology will bring a revolution and several sectors including medical sector will be affected. He said that Pakistan needs to have a stable internet to get full advantage of technological advancement. He said that cannabis is an alternate to the cotton and its production will give benefits to the economy at vast scale. He said that farms for cannabis production are being established in Jhelum, Peshawar, Chakwal and Islamabad.

He said that Pakistan has the most lucrative electric vehicles auto policy. Electric vehicles will take over the others and will also help reduce environment pollution.

The minister said that businessmen can get guidance regarding business trends from his ministry. He admitted that certification is one of the major hurdles in exports promotion that should be removed. He said that government has also revived the health industry. Pharmaceutical sector of Pakistan is at surge and a leading company is going to establish a manufacturing plant for dialysis equipment in Pakistan.

Mian Tariq Misbah said that in this era of information technology and digitization, every professional and organization has to keep pace with the requirements of modernization. He said that LCCI launched its app in December 2020 for android users but keeping in view the needs of iPhone users and ensuring its presence on Apple App Store, LCCI has introduced another edition of App. He said that the LCCI also enjoys the distinction of having state-of-the-art setup of FM Radio. He said that today, Pakistan is facing challenges almost on all the fronts. He said that greater share of funds should be allocated to facilitate the export oriented businesses like pharmaceuticals, halal food etc. in getting the required certifications. Pakistan needs to invest more in its testing infrastructure to bring it at par with international standards to achieve the desired goals in terms of greater export volumes.

He said that the role of science and technology in the world trade is increasing rapidly. In Pakistan, there is a dire need to transform industrial sector through the use of technology.