Use of modern technology key to development of industries: President

679
APP36-26 ISLAMABAD: November 26 - President Mamnoon Hussain inspecting the Automotive Exhibition on the occasion of opening ceremony of 2nd DICE Automotive Conference organized by National University of Science & Technology. APP

ISLAMABAD, Nov 26 (APP): President Mamnoon Hussain on Thursday said that key to development and stability of industries was in the use of modern technology and creativity.
He stated that auto industry in Pakistan had great potential to excel and called upon the concerned policy-makers and stakeholders to devise a comprehensive strategy to take this industry to new heights keeping in view globalization,liberalization and global business competitive environment.The President said this while addressing the opening ceremony
of 2nd Distinguished Innovations, Collaboration and Entrepreneurship(DICE) Automotive Conference organized by the National University of Science and Technology (NUST) here.
He stated that the government was committed to promotion of auto industry in the country and it was imperative to develop the industry on modern lines while catering to the need of consumers.The President noted that in developed countries auto industry
was a central pillar of economy as it was closely linked with other industries like steel, petroleum, plastic and textile thereby played a stabilizing factor in national economy.
“The auto industry in Pakistan has attained great importance as well and if serious attention is paid towards its development then in the next few years this industry along with allied ones can provide employment to a large number of people”, remarked the
President. “Similarly, after operationalization of China-Pakistan Economic Corridor (CPEC) the importance of this industry would,further increase”, added the President, and called upon the youth to utilize most of these opportunities by equipping themselves with
necessary skills and expertise.
The President observed that fundamental changes were occurring
in auto industry in light of environmental degradation adding
that now environment friendly vehicles were being introduced in the
global markets and called upon the country’s auto industry to pay
attention toward this important aspect.
He said that youth had great responsibility to put the country
on the path of progress and prosperity and should channelize their
energy toward positive activities.
The President emphasized that youth should dream big and then
strive their best to fulfil their dreams.
He said that corruption and bad governance during the tenure
of previous governments had eroded the economic foundations of the
country which deterred Pakistan from achieving its rightful place in
the comity of nations.
The President stated that due to the efforts of the present
government the situation is now improving.
He added that due to the ongoing energy projects and import of
LNG the energy crisis in the country was likely to end by 2018.

The President urged the youth particularly girls to acquire
education and advise them to adopt their own culture and not to ape
the west.
Talking about CPEC, the President said that the project would
prove to be a game changer not only for Pakistan but for the whole
region adding that Central Asian States have started constructing
roads to link with the Economic Corridor to get benefit from it.
He further stated that significance of Gwadar Seaport would
increase manifold after becoming operational.
The President called upon the youth to support the government
in completion of CPEC projects.
Dr Abdul Ghafoor, Chairman DICE Automotive Pakistan, Engineer
Muhammad Asghar, Rector NUST, Dr. Khursheed Qureshi, Chairman DICE
USA and Mumshad Ali, Chairman Pakistan Association of Automotive
Parts and Accessories Manufacturers (PAAPAM), among others, also
addressed the ceremony.
On the occasion, the President inaugurated the NUST-DICE
Automotive Innovation Centre and also took a round of Automotive
Exhibition and appreciated the work being done in the field.