Lahore - Technology up-gradation in engineering industries is a key to high economic growth and a focused attention could put Pakistan on path to progress and prosperity.

This was the upshot of the speeches delivered at day-long national conference on Technology Upgradation in Engineering Industries arranged by the LCCI Committee on Technology Promotion in Manufacturing Skills here on Tuesday. Provincial Minister for Industries Ch M Shafiq, LCCI President Farooq Iftikhar, Vice President Mian Abuzar Shad, Convener of the Standing Committee Mian Fazal Ahmad, Abdul Hameed Toor from NCBA&E Univesity, Dr Abdul Ghafoor from NUST, Dr Nauman Zafar, Engineer Masood A Sheikh, Engineer Osama Izhaar and Sohail Bashir Rana were among the speakers who expressed their views and threw light on the importance of Technology.

There was a consensus among all the speakers that there is no short cut to technological advancement and it requires highest level of expertise and huge investment to bring Pakistan’s industrial sector at par with developed countries. They said that both the public and private sectors would have to work hand- in-hand to achieve the desired goal of technological advancement in the local industry.

Provincial Minister for Industries Ch Shafiq said that the govt was utilizing all available resources to help industrial sector get excellence and to enable it to get access to global opportunities.

The Minister said that neighboring countries are gaining huge benefit through developing software/hardware houses and exporting to the developed world but unfortunately country is far behind than the other countries of the region. He said that we can also earn foreign exchange through promoting Information Technology, particularly in engineering sector.

Speaking on the occasion, the LCCI President Farooq Iftikhar said that the basic objective of the Conference was to take stock of efforts aimed at technology upgradation in engineering industries. He said that successful innovation and technological development in the realm of economy requires strenuous efforts from both government and the private sector.

The LCCI president stressed the need of developing close linkages between academia and industry. He said that we need to harness all the available expertise in engineering to address the major issues being faced nowadays. He said that it is high time that engineering services and resources be called for finding effective solutions for energy production, supplies and usage etc.

He said that considering its importance and potential role in earning major share in exports of Pakistan, a senior official from Trade Development Authority of Pakistan is also taking part in this conference.

Farooq Iftikhar said that if we look at the global scene in this respect, the governments of many developing countries recognize the critical importance of technological upgradation. He said that better application of technologies of broad national interest can improve many aspects of social and economic development.