Pakistan has shown slight improvements on the Global Information Technology Index. This has shown depths in the Pakistani ecosystems to have Innovation as a driver for economic growth. Pakistan has been ranked at 87th position from last year’s 98th on the Global Information Technology Report ranking for 2009-10 of the World Economic Forum.
Realizing the importance of Innovation and how Pakistan can be integrated into the global innovation ecosystem, National University for Science and Technology is organizing an Innovation Leaders’ Summit. The theme of the summit has been proposed Innovation and the trend-setting, which is the first of its kind. The summit will have special participation from the Directors and Senior Economists with the Global Competitiveness Network at the World Economic Forum.
“It is evident that technology is playing a leading role in accelerating economic growth and promoting development and Pakistan should capitalize on its human capital to make innovation as one of the key factors for creating a knowledge-based economy,” said Dr. Arshad Ali, Director General, School of Electronic Engineering and Computer Sciences, NUST.
The speakers from the World Economic Forum will explore Pakistan’s performance in general competitiveness, ICT and technology using the methodological framework on the Global Competitiveness Index and Networked Readiness Index respectively. That would allow the participants to have a better understanding to assess where the country’s potential stands in competitiveness and innovation. This will be followed up by a general discussion which will identify the strengths and weaknesses of Pakistan’s Economy based on the pillars of innovation and competitiveness.
According to Yalman Ansari, faculty member of the NUST Business School, this initiative will go a long way in preparing NUST business graduates for the challenging business world, with innovation being mainstream focus of every organization in today’s business Diaspora.
The summit is expected to be attended by the industry leaders and senior executives from both global and local companies operating in Pakistan.
The participants will also discuss about their business operations and the importance of innovation as the key to attaining sustainable competitive edge. The day-long summit will also include mentoring sessions with students by corporate executives who will share their experiences.
The summit will include a special group of media professionals and journalists representing the National Press Club, responsible for creating content related to ICT and Innovation Economy.