PM Imran Khan stated brilliant NUST as a high tech Special Economic Zone (SEZ)

Pakistan’s higher education institutions (HEIs) should feel the vibes of transition. After COVID-19 which served as a catalyst, digitization of institutions has been fast-forwarded.

Just in time, PM Imran Khan has stepped forward to state The National University of Sciences and Technology (NUST) as a high tech special economic zone. This decision is highly respected by all sectors including industry and academia

“To spur Pakistan has to work on its National Innovation System”

Regional innovation setting and seeds of change (niche activities) serve as an impetus to help the government meet their economic goals and especially sustainable development goals (SDGs). This step is just the right move towards meeting the carbon foot-print target of 2030

In a statement on Thursday, the varsity said that the status had been approved during the sixth meeting of the Board of Approvals, which had been chaired by the Prime Minister Imran Khan the other day.

This decision is also an appreciation for NUST academic excellence as HEI, as it makes NUST the only HEI among the 20 SEZs in Pakistan where the rest are industrial zones. NUST Rector Lt Gen (retired) Naweed Zaman has praised that this prestigious and exclusive status will serve well for the desired socio-technical systems and innovation systems in Pakistan. 

Why are special economic zones important to the economy? 

  • Modern research and innovation system 
  • Creating jobs
  • Enhancing exports
  • Setting up a free trade zone to welcome investments
  • Technology adoption
  • Working on new technological advancements (e.g. disruptive technologies and new business models)
  • Pakistan transitions 

Zaman said that as part of the economic transition, their pilot National Science and Technology Park (NSTP) will be converted into a full-fledged STP with a capacity to host 250 industry, research, and development partners. 

Expression of interest (EOI) is welcomed

NUST, he said, is all set to invite Expressions of Interest (EoI) from prospective partners for the full-scale multi-tower-based NSTP project to be launched soon. Rector NUST has stated that this honored status of high tech special economic zone is actually a stepping stone for brighter and innovative Pakistan. We are expecting similar special economic zones and knowledge hubs for other parts of the country too.  This initiative will pave the way for further innovative hubs which can help in Pakistan transitions towards a greener, friendlier, and economically stronger country. 

PM Imran Khan stated brilliant NUST as a high tech Special Economic Zone (SEZ)

NUST Website:

http://www.nust.edu.pk/Pages/Default.aspx

PM Imran Khan stated brilliant NUST as a high tech Special Economic Zone (SEZ)
PM Imran Khan stated brilliant NUST as a high tech Special Economic Zone (SEZ)

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