ISLAMABAD - Federal Minister for Science & Technology, Mir Changez Khan Jamali, inaugurated Pak-China Business Forum and industrial exhibition here on Sunday.

The guests of honour at the inauguration ceremony were Federal Secretary for Science & Technology, Akhlaq Ahmad Tarar, Executive Director COMSATS, Dr Imtinan Elahi Qureshi, Pakistan’s Ambassador in China, and Zia Main, Chairman CongSong. While addressing the gathering, Pakistan’s Ambassador in China proposed many business programmes of mutual interest during his speech. Rector COMSATS Institute of Information Technology, Dr SM Junaid Zaidi announced the establishment of “Pak-China Youth Entrepreneurs Centre” under the Chairmanship of Federal Minister for Science & Technology - one of the youngest ministers of Pakistan. He also announced the holding of this forum on annual basis in the last week of March every year.

Jamali addressed the gathering and emphasised that to achieve the objectives of harmonious globalisation businesses development, the following points be considered:

Strengthening and enhancing existing cooperation mechanisms and support initiatives for research and development; promoting and facilitating economic progress of developing countries through transfer of technology and diffusion of knowledge; devising national strategies for the human resource development and promotion of science and technology; promoting and supporting greater efforts to develop renewable sources of energy and implement policies at the national and international level to attract public and private investment.  COMSATS-IIT introduces an academia driven model of Business Cooperation by conducting Pak-China Business Forum to promote academia-industry collaboration in business and economic sector for mutual benefit of both the countries. Major Chinese and Pakistani companies, small and medium enterprises, entrepreneurs, universities, and research & development organizations are attending the forum activities. The forum is providing an opportunity for commercialization of products and processes of the participating organizations.  The main themes of the forum are Renewable Energy Technologies, New Energy Technologies, Information & Communication Technologies, Water Conservation, Purification & Sanitation, Biomedical Materials and General category.

The main features of the event include an exhibition of products by 100 local and Chinese companies. Workshops and sideline meetings with industrialists, academicians and Pakistani Business community have been planned for the promotion of business activity among the two countries. Many Chinese companies are participating to promote Pak- China Business liaison. A strong driver behind the South-South cooperation is the increasing importance of middle-income countries. These developments, coupled with the growing number of organizations are dedicated to research based learning.

The event is being organized in collaboration with the Pakistan Science Foundation, National Testing Service, Higher Education Commission, Xuzhou Normal University, Capital Development Authority, Islamabad Chamber of Commerce & Industry, Rawalpindi Chamber of Commerce & Industry and NADRA Pakistan. The 4-day event of Pak-China Business Forum will end on 18th April 2012.