Federal Minister for Science and Technology Rana Tanveer Hussain on Tuesday said that science and technology would develop in Pakistan with the assistance of China.
While addressing at a press conference he said that a Pak-China Science, Technology, Commerce and Logistic Park is to be established in Islamabad which will cost 1.5 billion dollars. He said it would be set up as part of China-Pakistan Economic Corridor.
Pak-China to Promote Science & Technology: Minister Rana Tanveer
He said it would assist as a platform for technological and commercial connections between Pakistan and China other than endorsing investment and sponsoring, e-commerce and research and development. The Minister also informed that Pakistan would give 500 hectares of land for establishment of the Park and all other investment would be made by China.
He said three locations have been identified tentatively and a delegation of Xinjiang Production and Construction Corporation is coming this month for confirmation of the location. He said that footing of the project is likely to be placed in March next year and it would be finished in ten years in three phases. The minister informed that this project would make job opportunities for 1500 Pakistanis.
The minister also said that COMSATS Institute of Information Technology (CIIT) under the administrative control of Ministry of Science & Technology has been holding Pak China Business Forums, since 2012. In the forum COMSAT welcoming Technology Business Companies from China to contribute with the main goals of appealing Chinese investment in joint projects in Pakistan, he added.
Rana Tanveer Hussain said Xinjiang 13th Division of Production and Construction Corps, which is a state owned enterprise in China, signed an MoU with CIIT at the Pak China Business Forum this year in Islamabad. He said execution of the MoU will lead to Chinese Investment in Pakistan, through establishing a Science & Technology Commerce and Logistics Park in Islamabad.
He also said that a seven member Chinese delegation, led by Huang Zhigang, Commissar of the 13th Division in Xinjiang Production and Construction Corps, commenced a study visit to Pakistan from 8 to 12 June 2015. The delegation during their stay in Pakistan visited Lahore and Islamabad and held meetings with CM Punjab, Shahbaz Sharif, Minister for Science and Technology and high officials of the Planning Commission, Board of Investment and Ministry of Science and Technology.