ISLAMABAD - Pakistan Council for Science and Technology (PCST) would conduct `First National Industrial Innovation Survey' with the allocation of Rs45.041 million.

It is the first ever survey which would help design appropriative innovation policies and strategies leading towards the improvement of quality of Pakistani products to boast their demand in international market. It is one of the project approved with the efforts of the PCST, designed for the time duration of 24 months which would motivate factors for firms to initiate innovative activities, PCST Chairman Dr Anwarul Hassan Gilani said.

“The study would provide insight into the innovation process in the industrial sector of Pakistan which would be useful for future planning and management for our industrial production,” he said. "This survey would have long term effects to boost our economy as well as earning of foreign exchange", he added. It would also be a land mark step to achieve the target set under vision 2025 aimed to increase export from $25 billion to $150 billion annually and become a part of 25 largest economies of the world leading to upper middle income countries status and creating at least five global Pakistani brands, he informed.

The PCST chairman said the survey would also suggest policy measures and road map for nurturing new ideas in manufacturing sector.