ISLAMABAD : Institute of Space Technology (IST) and Rawalpindi chamber of Commerce and Industry (RCCI) has singed a Memorandum of Understanding (MoU) to bridge the gap between academia and industry in Pakistan and work jointly in line with the common objectives and goals. Director General IST, Prof. Dr Zaffar Mauhammad Khan and senior Vice President RCCI Malik Shahid Saleem singed the MoU on behalf of their respective organizations, here Sunday. Vice Chancellor IST, Engr. Imran Rahman welcomed the guests and briefed them regarding potentials of IST for undertaking industrial research. The scope of the MoU is aimed at increasing interaction with industry for sustainable development, fostering research and development activities, nurturing national economy through research and development, indigenous productive development and quality improvement.